Consultation on the application of Directive 2007/44 EC as regards acquisitions and increase of holdings in the financial sector

The aim of Directive 2007/44/EC was to ensure that supervisory authorities are as specific and transparent as possible if they have doubts about the sound and prudent management of the financial institution concerned, and to minimise the scope for public authorities to invoke prudential rules in order to hinder cross-border mergers and acquisitions for protectionist reasons.

According to Article 6 of the Directive, the Commission has to review the application of the Directive and submit a report to the European Parliament and the Council, together with any appropriate proposals to review the Directive. The responses to this consultation will provide useful information on how the Directive was applied in the EU Member States and will help the Commission to prepare the report on the application of the Directive.

Period of consultation. From 08.12.2011 to 10.02.2012

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How to submit your contribution
We welcome contributions from citizens, organisations and public authorities. If you are answering this consultation as a citizen, please click here to submit your contribution If you are answering this consultation on behalf of an organisation, please click here to submit your contribution. If you are answering this consultation on behalf of a public authority, please click here to submit your contribution. Received contributions will be published on the Internet. It is important to read the specific privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.
View the consultation documents
Consultation paper Text of the directive
Contact details
Responsible service:	DG Internal Market and Services
E-mail:	MARKT-M-A-CONSULTATION@ec.europa.eu
Postal address:	European Commission, B–1049 Brussels

Results of consultation and next steps

Protection of personal data Specific privacy statement

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