Database on German and European Economic Law

 Directive 2002/87/EC

I. Description

The Commission Action Plan for Financial Services identifies a series of actions which are needed to complete the Single Market in Financial Services, and announces the development of supplementary prudential legislation for financial conglomerates which will address loopholes in the present sectoral legislation and additional prudential risks to ensure sound supervisory arrangements with regard to financial groups with cross-sectoral financial activities. Such an ambitious objective can only be attained in stages. The establishment of the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate is one such stage.

II. General Information

Title

Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council

Status
Existing
Directive
2002/87/EC
Source
O.J. EC No L (Legislation), Edition 35, Year 2002, p.1
Adoption
12/16/2002
Promulgation
02/11/2003
Character
Regular Act
Legal Basis
Art. 47 Abs. 2 EC
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council

  2002/87/EC

Beschluss:
12/16/2002 (A)
Verkuendung:
02/11/2003 (P)
(A) Adoption | (P) Promulgation

2. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2000/12/EC
Amendment
  Directive 98/78/EC
Amendment
  Directive 93/22/EEC
Amendment
  Directive 92/96/EEC
Amendment
  Directive 79/267/EEC
Amendment
  Directive 73/239/EEC

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legal Impact
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany