The European Commission has issued a press release stating that it has taken action against 12 Member States. Greece, the Netherlands, Poland and Portugal will be referred to the European Court of Justice (ECJ) over legislation on prudential assessment of acquisitions in the financial sector. Poland will also be referred to the ECJ over legislation on pension funds.
The Commission is also sending reasoned opinions to Belgium, Cyprus, Greece, Spain, France, Luxembourg, the Netherlands, Portugal and Sweden over non-implementation of the Shareholders' Rights Directive.
Ireland and Spain will be asked in a letter of formal notice for full information on their implementation of the Third Anti-Money laundering Directive following a previous ECJ judgment on the matter, as will Austria and France in relation to the Professional Qualifications Directive.
View Commission takes action to ensure that 12 Member States implement EU rules, 18 March 2010