Database on German and European Economic Law

 Directive 2008/25/EC

I. Description

Directive 2002/87/EC provides for a time restriction concerning the implementing powers conferred on the Commission. In their statement concerning Decision 2006/512/EC, the European Parliament, the Council and the Commission stated that Decision 2006/512/EC provides a horizontal and satisfactory solution to the European Parliament’s wish to scrutinise the implementation of instruments adopted under the co-decision procedure and that, accordingly, implementing powers should be conferred on the Commission without time limit. The European Parliament and the Council also declared that they would make sure that the proposals aimed at repealing the provisions in the instruments that provide for a time limit on the delegation of implementing powers to the Commission are adopted as rapidly as possible. Following the introduction of the regulatory procedure with scrutiny, the provision establishing that time restriction in Directive 2002/87/EC should be deleted.

II. General Information

Title

Directive 2008/25/EC of the European Parliament and of the Council of 11 March 2008 amending Directive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate, as regards the implementing powers conferred on the Commission

Status
Existing
Directive
2008/25/EC
Source
O.J. EC No L (Legislation), Edition 81, Year 2008, p.40
Adoption
03/11/2008
Promulgation
03/20/2008
Character
Regular Act
Legal Basis
Art. 47 EC
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2008/25/EC of the European Parliament and of the Council of 11 March 2008 amending Directive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate, as regards the implementing powers conferred on the Commission

  2008/25/EC

Beschluss:
03/11/2008 (A)
Verkuendung:
03/20/2008 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
03/14/2007
Opinion of the European Economic and Social Committee
O.J. EC No. C, Ausgabe 161, Jahr 2007, p. 45
02/15/2007
Opinion of the European Central Bank
O.J. EC No. C, Ausgabe 39, Jahr 2007, p. 1
12/22/2006
Proposal
COM 2006/916

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2002/87/EC

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact