Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-19-Speech-2-055"
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"en.20070619.5.2-055"2
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".
Mr President, I believe that this morning’s debate has shown that proper transposition and effective control of the implementation of Community law are essential for the proper functioning of the internal market. I am personally pleased that the committee of inquiry went beyond the specifics of the Equitable Life case and took a broader look at how transposition and implementation checks are done more generally. The recommendations, based on real-life experience, are important to make sure that in the European Union of 27 we keep sight of what is happening in reality, on the ground.
Your work is vital for our ongoing work on the application of Community law, and the suggestions you make should be reflected in our forthcoming communication. Your work is also crucial for the many victims who have seen their savings disappear. Clearly, direct redress is a matter for the UK authorities and the UK judiciary. The UK Parliamentary Ombudsman’s report, due later this year, will address this issue.
The Commission cannot rule on this, but what is vital for us and for the internal market and consumer confidence, is that policyholders are treated equally, irrespective of their Member State of residence. The Commission also notes broader recommendations on redress; those that call for an answer at European level are being studied. Good transposition starts with good legislation, but questionable compromises with texts in which everyone can read what they want is fruitful ground for poor implementation. This is a joint responsibility – all institutions bear responsibility for this.
In concluding, may I congratulate the committee of inquiry and the rapporteur, Mrs Wallis, on a job well done. All parties received a fair hearing. We have learned important lessons and take this on board for the future."@en1
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