Draft Directive 1 9 .

Draft Directive 2 25 .

We envisaged further concessions in our draft directive.

The draft seventh directive is a disaster for shipbuilding.

The EMI therefore fully supports the objective of Article 7 of the draft Directive .

As the definition given in the draft Directive is broader than the ECB 's definition and as the draft Directive is not aimed at defining categories of UCITS , the two definitions do not seem to be in contradiction .

give grounds for doing so . The draft Directive recognises this principle , which is welcomed by the EMI ,

The EMI suggests that this , for reason of legal clarity , be made clear in the draft Directive .

So these are the key amendments which we are proposing to the Commission's draft directive and draft regulation. They are amendments but they are more than amendments.

Such problems can be avoided if the regime of the draft Directive also applies to securities settlement systems .

Extension of the draft Directive to securities settlement systems should therefore not be permitted to delay this process .

In accordance with the procedure of Directive 83 139, the British government has notified the draft text of legislation.

As regards the directive itself, I would remind you that it is a draft dating from 16 February 1989.

The EMI welcomes the draft Directive as being of crucial importance to the efficient and smooth functioning of payment systems .

I think article 2 of the draft directive perhaps has the value of a recommend ation to the Member States.

I feel that as the draft directive is currently worded it is important for its terminology and general approach to the subject to mesh in with the general directive No 88 357.

Furthermore, Mr President, the draft directive does not touch on any type of sanction for which the Community does have competence.

It seems possible to avoid the delay , which would arise if a separate Directive were to be prepared by making various amendments to the draft Directive in order to cover securities settlement systems .

In March 2003 the European Commission set out in its draft transparency directive disclosure requirements for European issuers listed on regulated markets .

VERNIER (RDE). (FR) Mr President, ladies and gentlemen, the draft directive on the protection of animal and plant species and their habitats was. a good draft on the whole and it secured our support.

However , given the fact that amendments to one draft Directive may have an impact on the other and the fact that the draft Directives propose substantial modifications to the UCITS Directive , the ECB believes that , for the sake of clarity , transparency and legal certainty , discussion of a complete and integral

As the review of draft storage permits at Community level, the review of draft approval decisions should help to ensure consistency in implementation of the requirements of the Directive across the Community and also enhance public confidence in CCS, especially in the early phase of the implementation of the Directive.

Draft Central Bank of Malta Directive No 10 on the banknote recycling framework , pdf 105 kB , en Back to The European Central Bank

As regards amendments 43 and 44 by Mrs van Dijk, we consider these to be already covered by the draft of the directive.

As far as Parliament is concerned, we set down some amendments which, I said in my speech on Tuesday, were preconditions to this House granting a second reading to the draft directive and the draft regulation.

The ECB notes that the draft Directive proposes that the specialisation principle applied to date in the area of UCITS be rendered more flexible .

The present draft directive has undergone major changes from the original Commission proposal to the common position of the Council we are now discussing.

There is also provision in the draft directive on the protection of natural and semi natural habitats for the preservation of cetacea, especially dolphins.

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Since these provisions are similar to those provided for in the proposal for a directive submited to Council the Commission has not opposed this draft legislation.

As regards Article 1 , the ECB notes in the first instance that the application of Draft Directive 1 is limited to those issuers of electronic money that are ELMIs . The ECB wonders whether it would be conceivable for Draft Directive 1 also to contain some provisions related to the issuance of electronic money that would be equally applicable to both CIs and ELMIs .

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the Settlement Finality Directive 8 and the Collateral Directive 9 .

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The draft directive on insider dealing and market manipulation , put forward in 2001 , is also expected to make a useful contribution to discouraging the abuse of financial markets .

A directive amending the current Directive is the most appropriate instrument .

Finally, the draft proposal for a directive on liability for defective services, currently under examination by the Commission, should also help to provide better user protection in this area.

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