Progress: Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | ECON | KAUPPI Piia-Noora ( PPE-DE) | |
Former Responsible Committee | JURI | THORS Astrid ( ELDR) | |
Former Committee Opinion | ECON | TORRES MARQUES Helena ( PES) |
Legal Basis:
EC Treaty (after Amsterdam) EC 047-p2-a1, RoP 050Subjects
Events
This report fulfils the mandate set out in Article 11 of the “EMD” Directive (the e-Money Directive). The Commission is of the view that six years after its adoption, and some four years since its implementation in the Member States, there is a case for a fundamental overhaul of the Directive.
The purpose of the proposed reforms will be to improve legal certainty firstly by refining the definition of e-Money and secondly by clarifying the scope of “business entry” under a much more proportionate regulatory regime. The end goal should be to create a more business-friendly and streamlined regulatory framework for issuing e-Money, in line with the stated objectives of the Directive.
The Commission has outlined those specific area where change is both necessary and appropriate. It has lowered the initial capital requirements and widened the scope of activities permitted under an e-Money licence. Further, the Commission is of the view that a better balance needs to be struck between financial stability, on the one hand, and the need to assist the market to reach its full potential, on the other. Prior to proposing new measures, it is necessary to conduct an impact assessment with a view to determining an appropriate set of measures in line with the risks posed by institutions involved in the e-Money business.
On a final point, the Commission is fully aware of the need to ensure coherence and consistency with the Payment Services Directive (PSD), which is currently under negotiation. From a purely legislative point of view, the ideal would be to incorporate the e-Money Directive into the PSD. Accordingly, the Commission is proposing that it will await the adoption of the PSD before adopting a new proposal. Such an approach will enable further consideration to be given to an appropriate prudential regime for ELMIs and take account of negotiations currently underway on the PSD.
Documents
- Follow-up document: SEC(2006)1049
- Follow-up document: EUR-Lex
- Final act published in Official Journal: Directive 2000/46
- Final act published in Official Journal: OJ L 275 27.10.2000, p. 0039
- Commission opinion on Parliament's position at 2nd reading: EUR-Lex
- Commission opinion on Parliament's position at 2nd reading: COM(2000)0333
- Text adopted by Parliament, 2nd reading: T5-0135/2000
- Text adopted by Parliament, 2nd reading: OJ C 040 07.02.2001, p. 0019-0035
- Decision by Parliament, 2nd reading: T5-0135/2000
- Debate in Parliament: Debate in Parliament
- Committee recommendation tabled for plenary, 2nd reading: A5-0080/2000
- Committee recommendation tabled for plenary, 2nd reading: OJ C 040 07.02.2001, p. 0007
- Committee recommendation tabled for plenary, 2nd reading: A5-0080/2000
- Commission communication on Council's position: EUR-Lex
- Commission communication on Council's position: SEC(2000)0069
- Council position: 12004/2/1999
- Council position: OJ C 026 28.01.2000, p. 0001
- Council position published: 12004/2/1999
- Text adopted by Parliament, 1st reading/single reading: OJ C 219 30.07.1999, p. 0369-0420
- Text adopted by Parliament, 1st reading/single reading: T4-0323/1999
- Debate in Parliament: Debate in Parliament
- Decision by Parliament, 1st reading: T4-0323/1999
- Committee report tabled for plenary, 1st reading/single reading: A4-0156/1999
- Committee report tabled for plenary, 1st reading/single reading: OJ C 219 30.07.1999, p. 0006
- Committee report tabled for plenary, 1st reading: A4-0156/1999
- Economic and Social Committee: opinion, report: CES0069/1999
- Economic and Social Committee: opinion, report: OJ C 101 12.04.1999, p. 0064
- Legislative proposal: EUR-Lex
- Legislative proposal: COM(1998)0461
- Legislative proposal published: EUR-Lex
- Legislative proposal published: COM(1998)0461
- Legislative proposal: EUR-Lex COM(1998)0461
- Economic and Social Committee: opinion, report: CES0069/1999 OJ C 101 12.04.1999, p. 0064
- Committee report tabled for plenary, 1st reading/single reading: A4-0156/1999 OJ C 219 30.07.1999, p. 0006
- Text adopted by Parliament, 1st reading/single reading: OJ C 219 30.07.1999, p. 0369-0420 T4-0323/1999
- Council position: 12004/2/1999 OJ C 026 28.01.2000, p. 0001
- Commission communication on Council's position: EUR-Lex SEC(2000)0069
- Committee recommendation tabled for plenary, 2nd reading: A5-0080/2000 OJ C 040 07.02.2001, p. 0007
- Text adopted by Parliament, 2nd reading: T5-0135/2000 OJ C 040 07.02.2001, p. 0019-0035
- Commission opinion on Parliament's position at 2nd reading: EUR-Lex COM(2000)0333
- Follow-up document: SEC(2006)1049 EUR-Lex
History
(these mark the time of scraping, not the official date of the change)
docs/2 |
|
docs/2 |
|
docs/2/docs/1/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:219:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:219:SOM:EN:HTML |
docs/3 |
|
docs/3 |
|
docs/3/docs/0/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:219:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:219:SOM:EN:HTML |
docs/4 |
|
docs/5 |
|
docs/6 |
|
docs/7 |
|
docs/9 |
|
docs/9/docs/0/url |
Old
http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/sec/2006/1049/COM_SEC(2006)1049_EN.pdfNew
http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/sec/2006/1049/COM_SEC(2006)1049_EN.pdf |
docs/10 |
|
docs/11 |
|
docs/15 |
|
events/0 |
|
events/2 |
|
events/3 |
|
events/3/date |
Old
1999-03-25T00:00:00New
1999-03-24T00:00:00 |
events/6 |
|
events/9 |
|
events/12 |
|
events/15 |
|
events/15/docs/1/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2000:275:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2000:275:SOM:EN:HTML |
docs/0 |
|
docs/0 |
|
docs/1 |
|
docs/1/docs/0/url |
Old
https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:0069)(documentyear:1999)(documentlanguage:EN)New
https://dmsearch.eesc.europa.eu/search/public?k=(documenttype:AC)(documentnumber:0069)(documentyear:1999)(documentlanguage:EN) |
docs/5 |
|
docs/6 |
|
docs/6 |
|
docs/6/docs/0/url |
Old
http://www.europarl.europa.eu/doceo/document/A-4-1999-0156_EN.htmlNew
https://www.europarl.europa.eu/doceo/document/A-4-1999-0156_EN.html |
docs/7 |
|
docs/7/docs/0/url |
Old
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:219:SOM:EN:HTMLNew
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:219:TOC |
docs/11 |
|
docs/12 |
|
docs/12 |
|
docs/12/docs/0/url |
Old
http://www.europarl.europa.eu/doceo/document/A-5-2000-0080_EN.htmlNew
https://www.europarl.europa.eu/doceo/document/A-5-2000-0080_EN.html |
docs/13 |
|
docs/13/docs/0/url |
Old
http://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.htmlNew
https://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.html |
events/0 |
|
events/0 |
|
events/0/type |
Old
Committee referral announced in Parliament, 1st reading/single readingNew
Committee referral announced in Parliament, 1st reading |
events/1 |
|
events/1 |
|
events/1/type |
Old
Vote in committee, 1st reading/single readingNew
Vote in committee, 1st reading |
events/2 |
|
events/2 |
|
events/3 |
|
events/3 |
|
events/3/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=19990415&type=CRENew
https://www.europarl.europa.eu/doceo/document/EN&reference=19990415&type=CRE |
events/4 |
|
events/4 |
|
events/4/type |
Old
Decision by Parliament, 1st reading/single readingNew
Decision by Parliament, 1st reading |
events/5 |
|
events/6 |
|
events/7 |
|
events/7/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20000410&type=CRENew
https://www.europarl.europa.eu/doceo/document/EN&reference=20000410&type=CRE |
events/8 |
|
events/8/docs/0/url |
Old
http://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.htmlNew
https://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.html |
events/9 |
|
events/10 |
|
events/11 |
|
events/12 |
|
events/12/docs/1/url |
Old
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2000:275:SOM:EN:HTMLNew
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2000:275:TOC |
events/15 |
|
committees/0 |
|
committees/0 |
|
committees/1 |
|
committees/1 |
|
committees/2 |
|
committees/2 |
|
docs/5/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1999-156&language=ENNew
http://www.europarl.europa.eu/doceo/document/A-4-1999-0156_EN.html |
docs/6/docs/0/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:219:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:219:SOM:EN:HTML |
docs/11/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2000-80&language=ENNew
http://www.europarl.europa.eu/doceo/document/A-5-2000-0080_EN.html |
docs/12/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2000-135New
http://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.html |
docs/14/docs/0/url |
Old
http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/sec/2006/1049/COM_SEC(2006)1049_EN.pdfNew
http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/sec/2006/1049/COM_SEC(2006)1049_EN.pdf |
events/3/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A4-1999-156&language=ENNew
http://www.europarl.europa.eu/doceo/document/A-4-1999-0156_EN.html |
events/9/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2000-80&language=ENNew
http://www.europarl.europa.eu/doceo/document/A-5-2000-0080_EN.html |
events/11/docs/0/url |
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2000-135New
http://www.europarl.europa.eu/doceo/document/TA-5-2000-0135_EN.html |
events/15/docs/1/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2000:275:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2000:275:SOM:EN:HTML |
docs/0/docs/1/url |
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:101:TOCNew
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:101:SOM:EN:HTML |
docs/5/docs/1/url |
Old
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:1999:219:SOM:EN:HTMLNew
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:1999:219:TOC |
activities |
|
committees/0 |
|
committees/0 |
|
committees/1 |
|
committees/1 |
|
committees/2 |
|
committees/2 |
|
council |
|
docs |
|
events |
|
other |
|
procedure/final/url |
Old
http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32000L0046New
https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32000L0046 |
procedure/instrument |
Old
DirectiveNew
|
procedure/legal_basis/1 |
Rules of Procedure EP 050
|
procedure/legal_basis/1 |
Rules of Procedure of the European Parliament EP 050
|
procedure/subject |
Old
New
|
procedure/summary |
|
activities/12/docs/1/url |
Old
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2000:275:TOCNew
http://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2000:275:SOM:EN:HTML |
links/European Commission/title |
Old
PreLexNew
EUR-Lex |
activities |
|
committees |
|
links |
|
other |
|
procedure |
|