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Financial Services Action Plan

Action plan

07.07.2009FSAP Evaluation studies
In the framework of the economic evaluation of the Financial Services Action Plan the European Commission launched two studies: a study to assess the general economic impact of the FSAP and – to complement the general assessment – a survey to estimate the cost of compliance with the FSAP measures. Work on both studies commenced in December 2007.
The study “Evaluation of the economic impact of the FSAP” was contracted to CRA International. The aim of this study is to provide an economic assessment of the specific impact of the FSAP on the EU financial services sector. The study was completed in March 2009.PDFEnglish
The “Survey on the cost of compliance with selected FSAP measures” was contracted to Europe Economics. It is based on direct interviews of a sample of companies to obtain their estimates of the costs of compliance with the provisions of selected directives. The study was completed in January 2009.PDFEnglish
13.08.2007    Survey on cost of compliance with selected FSAP measures
Call for Tender
29.03.2007Evaluation of the economic impact of the FSAP
Comments received in the consultation of the Résumé of Contributions on the methodology
24.01.2007FSAP Evaluation
Part I: Process and implementationnPDF – 165 KBEnglish
Annex A: Key dates in adoption of FSAP measures AnnexPDF – 33 KBEnglish
B: Transposition of FSAP Directives – State of play as at 15/10/2005PDF – 275 KBEnglish
Annex C: Methods of consultation for FSAP measuresPDF – 74 KBEnglish
Résumé of Contributions on the Draft FSAP Evaluation report Part I – Process & ImplementationPDF – 77 KBEnglish
23.01.2007 Résumé of Contributions on the Methodology for the Evaluation of Economic Impact of the FSAP
The Résumé of Contributions summarises the advice received in the Workshop on Methodology held on 25 October 2006 as well as any contributions submitted before and after the Workshop (until the end of November 2006). It seeks to represent a basis for discussion and does not prejudge the final approach, which will be adopted for the Terms of Reference of the Evaluation Study.
Comments can be sent to MARKT-FSAP-WORKSHOP@ec.europa.eu until 23 February 2007.
PDF – 176 KBEnglish
Contributions of experts
27.09.2006 Workshop on Methodology for the FSAP Evaluation – Part II
In preparation of the second part of the evaluation of the Financial Services Action Plan, namely an evaluation of the economic impact of the FSAP , the Commission has organised a Workshop on Methodology on 25 October 2006 in Brussels. Economic experts representing the financial services industry, supervisors, consumers and the academic world have been invited to present their views on how best to carry out the evaluation of such a complex programme. Apart from the experts’ presentations, each panel included also an exchange of views with the audience. The advice received in the Workshop will help the Commission to identify parameters for the FSAP economic evaluation study, which will be launched in 2007. You will find additional information in the background documents attached. If you would like to participate in the Workshop, please register via the link below.
Background documents
Final programmePDF – 132-142 KBEnglishFrançaisDeutsch
List of speakers and moderatorsPDF – 132-142 KBEnglishFrançaisDeutsch
Final programme with list of speakers and moderatorsPDF – 56 KBEnglishFrançaisDeutsch
Information about the Workshop and the FSAP Evaluation – Part IIPDF – 56 KBEnglish
List of the FSAP measuresPDF – 56 KBEnglish
Mail box
We would be pleased to receive your ideas, suggestions or comments on the methodology for the evaluation of the economic impact of the FSAP . Contributions or questions, also during the Workshop, can be sent to: MARKT-FSAP-WORKSHOP@ec.europa.eu
07.11.2005FSAP Evaluation
Press Release Choose translations of the previous link : Evaluation of the Financial Services Action Plan ( FSAP ): The Commission asks for comments
Part I: Process and implementationPDF – 56 KBEnglish
Annex A: Key dates in adoption of FSAP measures AnnexPDF – 56 KBEnglish
B: Transposition of FSAP Directives – State of play as at 15/10/2005PDF – 56 KBEnglish
Annex C: Methods of consultation for FSAP measuresPDF – 56 KBEnglish
01.06.2004Progress on the Action Plan for Financial Services
AnnexPDF – 56 KBEnglish
01.06.2004Tenth Progress Report PDF – 132-142 KBDeutschEnglishFrançais
Press Release:
Good progress Choose translations of the previous link  but real impact depends on good implementation
25.11.2003Ninth Progress ReportPDF – 132-142 KBDeutschEnglishFrançais
Press Release:
Action Plan to integrate EU financial markets Choose translations of the previous link  enters home straight
03.06.2003Eighth Progress ReportPDF – 143-155 KBDeutschEnglishFrançais
Press Release:
Latest report highlights need to boost EU capital market integration Choose translations of the previous link in next nine months
02.12.2002Seventh Progress ReportPDF – 192-204 KBDeutschEnglishFrançais
Press Release:
Latest report highlights sustained progress Choose translations of the previous link  in integrating EU capital markets
03.06.2002Sixth Progress ReportPDF -104-670 KBDanskDeutschελληνικάEnglishEspañolFrançaisItalianoNederlandsPortuguêsSuomiSvenska
Press Release:
Latest progress report highlights positive climate Choose translations of the previous link 
Speech of President Prodi Choose translations of the previous link 
Speech of F. Bolkestein Choose translations of the previous link 
30.11.2001Fifth Progress Report

PDF – 43-81 KBDeutschEnglishFrançais

Press Release:
Commission urges Member States and the European Parliament to deliver on time Choose translations of the previous link 
01.06.2001Fourth Progress Report PDF – 68-99 KBDeutschEnglishFrançais
08.11.2000Third Progress Report PDF 102 – 108 KBDeutschEnglishFrançais
Summary:
Commission calls for quantum leap towards rapid implementation Choose translations of the previous link  of Action Plan
31.05.2000Second Progress Report PDF 82 – 437 KBDanskDeutschελληνικάEnglishEspañolFrançaisItalianoNederlandsPortuguêsSuomiSvenska
Summary:
Amended Commission proposals to improve and extend rules on collective investment undertakings Choose translations of the previous link  ( UCITS )
29.11.1999First Progress Report PDFEnglishFrançais
Summary:
PDF – 91 KBEnglish
11.05.1999Action Plan PDF 215 – 274 KBDanskDeutschελληνικάEnglishEspañolFrançaisItalianoNederlandsPortuguêsSuomiSvenska
Summary:
Commission outlines Action Plan for single financial market Choose translations of the previous link 
28.10.1998Framework for Action PDF 493 – 592 KBDanskDeutschελληνικάEnglishEspañolFrançaisItalianoNederlandsPortuguêsSuomiSvenska
Summary:
Commission proposes Framework Choose translations of the previous link  for Action

Transposition of Financial Services Action Plan (FSAP) Directives and Post-FSAP Directives

Since 8th January 2008, the tables and charts on transposition of FSAP Directives have been complemented by including Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (3rd Money Laundering Directive).
 Transposition of FSAP Directives – State of play (25.08.2010)PDFEnglish
 Rate of transposition of FSAP Directives – view per Member State (25.08.2010)PDFEnglish
 Rate of transposition of FSAP Directives – view per Directive (25.08.2010)PDFEnglish
 

Transposition of Lamfalussy Directives (MiFID, Market Abuse, Prospectus, Transparency)

 
Since 1 December 2009, the Commission also publishes tables and charts monitoring the transposition of financial services directives that have been adopted in the aftermath of the Financial Services Action Plan, “Post-FSAP directives”. These tables and charts include directives amending the Financial Services Action Plan directives.
 Transposition of Post- FSAP Directives – State of play (17.01.2012)PDFEnglish
 Rate of transposition of Post- FSAP Directives – view per Member State (17.01.2012)PDFEnglish
 Rate of transposition of Post- FSAP Directives – view per Directive (17.01.2012)PDFEnglish
28.07.2006  

Transposition of Financial Services Action Plan Directives

 
 
  • Database

  • Press release Choose translations of the previous link 

    Commission enables public access to all national financial services legislation

    The table and charts on the transposition of FSAP Directives have been complemented by a publicly available internet database giving complete access to national laws implementing EU financial services Directives. The database can be accessed by clicking on the hyperlinks in the table on transposition of FSAP Directives. You will be transferred directly to the relevant page.

 

Documents related to the Financial Services Action Plan

DateSubject 
29.01.2004  Learning the lessons of the Financial Services Action Plan, address of Commissioner Frits Bolkestein Choose translations of the previous link  
06.11.2003Risk Capital Action Plan: Final report highlights success over five years and shows buy-outs up but venture capital down in 2002 
12.11.2002Integration of EU markets will boost growth, jobs and prosperity says new research 
03.06.2002Prodi: speech on the 6th progress repor Choose translations of the previous link t of the Financial Services Action Plan 
14.03.2002Financial Services Action Plan: Commission welcomes significant progress Choose translations of the previous link  in European Parliament on Financial Services Action Plan 
27.02.2002Financial Services Policy Group considers political obstacles to Action Plan and takeover bids 
25.02.2002Financial Services: Mid-Term Review emphasises need for swift progress 
19.02.2002Financial Services Action Plan: leading players Choose translations of the previous link  meet to assess progress and boost momentum 
  · Mid-Term Review of Progress towards European Financial Integration – programmePDF – 42 KBEnglish
25.10.2001Risk Capital: Commission calls for timely implementation Choose translations of the previous link  of Action Plan 
03.08.2001Report on E-commerce and Financial Services to the Financial Services Policy GroupPDFDeutschEnglishFrançais
26.04.2001Financial services: Commission proposes Directive on prudential supervision of financial conglomerates Choose translations of the previous link  
19.12.2000Financial services: Commission launches consultations Choose translations of the previous link  on regulation of conglomerates 
16.11.2000Upgrading the Investment Services Directive (ISD) – frequently asked questions Choose translations of the previous link  
16.11.2000Securities markets: Commission urges update of current rules to spur closer market integration and improve investor protection Choose translations of the previous link  
16.11.2005Securities markets: Commission analyses application of investor protection rules Choose translations of the previous link  
18.10.2000The Commission reviews strategy and calls for actions to stimulate development of risk capital Choose translations of the previous link  in Europe 
22.11.1999Financial services: consultations launched on new capital adequacy framework 

Financial Services Policy Group

Date Meeting 
17.05.2002Fifteenth meetingPDF – 82 KBEnglish
26.02.2002   Fourteenth meeting Choose translations of the previous link  
22.11.2001Thirteenth meeting Choose translations of the previous link  
20.09.2001Twelfth meeting Choose translations of the previous link  
19.06.2001Eleventh meetingPDF – 119 KBEnglish
24.04.2001Tenth meetingPDF – 123 KBEnglish
22.02.2001Ninth meeting Choose translations of the previous link  
12.10.2000Eighth meeting Choose translations of the previous link  
11.05.2000Seventh meetingPDF – 96 KBEnglish
11.02.2000Sixth meetingPDF – 95 KBEnglish
22.10.1999Conclusion of 19.10.1999PDF – 92 KBEnglish
26.03.1999Third meetingPDF – 97 KBEnglish
26.02.1999Second meetingPDF – 108 KBEnglish
28.01.1999First meetingPDF – 121 KBEnglish

Forum Groups of Market Experts

Explanatory note

The Commission’s Action Plan for Financial Services announced the creation of a number of groups of market experts which would assist the Commission in identifying imperfections and practical obstacles to the functioning of specific areas in the single market. The first five such “Forum Groups” have been set-up and their participants have been selected with the assistance of European representative organisations. The work of each Forum Group has been guided by a basic setting out the broad lines for debate (although the groups were free to discuss other issues which they considered relevant to the work of their group).

The five discussion papers are available on this site.

 Forum Group on the ISD Green Paper 
October 1999   Issues paper for the first meeting of the groupPDF – 356 KBEnglish
 Forum Group on Market Manipulation 
October 1999Issues paper for the first meeting of the groupPDF – 342 KBEnglish
 Forum Group on the cross-border use of collateral 
October 1999Issues paper for the first meeting of the groupPDF – 443 KBEnglish
 Forum Group on information 
October 1999Issues paper for the first meeting of the group: “Communication codifying clear and comprehensible information for purchasers”PDF – 283 KBEnglish
 Forum Group on Market Obstacles 
March 2000Issues paper for the first meeting of the group: “Retail financial services – overcoming remaining barriers”PDF – 66 KBEnglish
 Forum Group on Facilitating cross-border corporate financial services 
June 2000Issues paperPDF – 21 KBEnglish
October 2001FindingsPDF – 112 KBEnglish