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

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

Internal Market

All citizens and organisations are welcome to contribute to this consultation. Contributions are particularly sought from market participants.

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.

The participation period to this consultation is now over.

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.

• Specific privacy statement(18 KB)