The Commission is taking Italy and Poland to the European Court of Justice for incomplete transposition of the third Capital Requirements Directive (CRD3). The Commission is using, for the first time, powers under the Lisbon Treaty to ask the Court on first referral to impose daily penalty payments for late implementation. To date, Italy has not given notification of any transposition measures, while Poland has notified some measures but not all. (Source: Commission takes Italy and Poland to Court over CRD3)
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact firstname.lastname@example.org or call Lexology Customer Services on +44 20 7234 0606.
Commission takes action for non-implementation of CRD3
If you are interested in submitting an article to Lexology, please contact Andrew Teague at email@example.com.
Senior Patent Counsel
Royal DSM NV