Requirement (MIFID)
Article 64 Committee procedure
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. The Commission shall be assisted by the European Securities
Committee established by Commission Decision 2001/528/EC (1) (hereinafter
referred to as ‘the Committee’).
2. Where reference is made to this paragraph, Articles 5 and 7 of
Decision 1999/468/EC shall apply, having regard to the provisions of
Article 8 thereof, provided that the implementing measures adopted in
accordance with that procedure do not modify the essential provisions
of this Directive.
The period laid down in Article 5(6) of Decision 1999/468/EC shall be
set at three months.
2a. None of the implementing measures enacted may change the
essential provisions of this Directive.
3. Without prejudice to the implementing measures already adopted,
on 1 April 2008 at the latest, the application of this Directive's provisions
requiring the adoption of technical rules, amendments and decisions
in accordance with paragraph 2 shall be suspended. Acting on a
proposal from the Commission, the European Parliament and the
Council may renew the provisions concerned in accordance with the
procedure laid down in Article 251 of the Treaty and, to that end, they
shall review them prior to the date referred to above.