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Commission enables public access to all national financial services legislation

Commission Européenne - IP/06/1073   28/07/2006

Autres langues disponibles: FR DE

IP/06/1073

Brussels, 28 July 2006

Commission enables public access to all national financial services legislation

The European Commission has opened a publicly available internet database giving complete access to national laws implementing EU financial services Directives. This was one of the Better Regulation tasks contained in the White Paper on Financial Services Policy (see IP/05/1529).

Internal Market and Services Commissioner Charlie McCreevy said: "This is a big step towards improving implementation of EU financial services laws at national level. For the first time every business, consumer and citizen can see openly how Member States are enabling better and more integrated financial services and markets. Now national rules are no longer a 'black box', and any gold-plating will be visible to all."

The database of weblinks should aid the overall process of implementation and curb regulatory additions to legislation, known as "gold-plating". It will also reduce costs and barriers for business and consumers as they will be armed with the information they need to utilise EU legislation more effectively in the various Member States.

The current use of the national legislation 'state of play' chart, which has already proved successful in achieving more efficient implementation, will be enhanced to provide a single resource where all information on national implementation can be easily accessed and compared. The database can be found at:

http://ec.europa.eu/internal_market/finances/actionplan/index_en.htm#transposition

More information on EU financial services policy is available at:

http://ec.europa.eu/internal_market/finances/index_en.htm


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