Draft Directive 1 9 .

Draft Directive 2 25 .

We envisaged further concessions in our draft directive.

I know the Commissioner from his past history is very concerned about efficiency.

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

this flour was very cheap, France imported 43,450 tonnes of it which were eaten by cattle last year.

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 .

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

Debates of the European Parliament

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

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

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 my view there are more important aspects of transport policy that we should be dealing with.

Nonetheless, there will be sacrifices, indeed there are already.

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

One objective of this draft Directive is to remove barriers to the cross border marketing of units of collective investment undertakings through ( a ) the extension of the freedom to be marketed throughout the European Union

It goes without saying that the proposed directive we are now discussing is intended to increase the possibilities for exemption which arc of benefit to such companies.

As already outlined under Article I. 8 .

However, risk prevention must be extended to all female workers, since pregnancy is not necessarily

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

Failure to honour this commitment could not fail to lend credence in the eyes of the public to the idea that the governments of the Community lack what it takes to carry through the abolition of our internal frontiers.

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

Now the approach that is taken on this proposal on outside workers seeks to set benchmarks for levels up to which workers can be exposed to ionizing radiation.

Developments in this day and age are such that no nation acting alone can ensure that full account is taken of this concern.

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

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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 .

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.

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Neither must the police, the law enforcement agencies, be held back by the frontiers of the European Community.

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These conclusions correspond to the Commission's view and, therefore, whilst understanding the arguments and hopes underlying the proposal of the rapporteur which is different, we unfortunately cannot agree to change the legal basis.

As this is an amendment of a directive, the only way forward is to adopt a directive.

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The draft directive on phytopharmaceutical products may be regarded as an example of this and as a barometer for appraising the real position of the various institutions in the legislative procedure.

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.

In addition , definitions of transferable securities and money market instruments are provided in the draft Directive , both of which are broadly in line with the definition used by the ECB for statistical purposes .