Public Consultation:

The Review of the Rules on Supervisory Assessments of Transactions in Shareholdings in the Banking, Insurance and Securities Sectors

This consultation aimed to give all stakeholders the opportunity to express their views on the existing rules in relation to supervisory assessments of transactions in shareholdings in the banking, insurance and securities Sectors. The existing rules are laid out in the following pieces of legislation:

Article 16 of the Banking Directive (2000/12/EC)
Articles 15 of the Third Non-life Insurance Directive (92/49/EEC) and the Recast Life Assurance Directive (2002/83/EC), Articles 19-23 of the Reinsurance Directive (2005/68/EC)
Article 10 of the Market in Financial Instruments Directive (2004/39/EC)

Responses from this survey informed the ongoing review of these legislative provisions which is currently being undertaken in co-operation with the Finance Ministries of Member States.

Respondents to the survey were asked to indicate the extent to which the existing supervisory assessments are working effectively, and whether, or to what extent they could be improved upon. For more information please consult a background paper, providing information on the ongoing review and more details to the issues addressed in this consultation .

The responses formed the basis of a report with a view to possible amendments to legislation in summer 2006. No individual contribution are published. Personal data are handled according to a privacy statement .

The survey was closed on Wednesday April 19th.

Report