Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-648"
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"en.20101215.32.3-648"2
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"Mr President, Commissioner, ladies and gentlemen, the Treaty of Lisbon introduces substantial changes to the process of developing and implementing EU legislation, by distinguishing between delegated acts and implementing acts. The previous primary legislation only provided for implementing measures.
This regulation is essential for an orderly transition from the old system to the new system, and for appropriate use of the implementing powers granted to the Commission by the Treaty of Lisbon. It strengthens the democratic principle because it recognises Parliament’s right to control, increases transparency through the annual report and incorporates a review clause in order to perfect it based on experience. It therefore satisfies the requests that the Committee on Economic and Monetary Affairs had made in this respect.
In the area of financial services, it will help to increase legal security and the effectiveness of legislation. It complements the objective of the Omnibus Directive of limiting the powers entrusted to the Commission in the old framework that are compatible with the current framework to a period of three years from the entry into force of the new Treaty, and establishes provisions so that the technical implementing standards, which are part of the new supervision structure and the sectoral regulations in the area of financial services, can eventually be adopted.
Therefore, as the rapporteur for the opinion of the Committee on Economic and Monetary Affairs, I view the report positively and I congratulate Mr Szájer.
I would like to thank the President for his generosity and to give you all my best wishes for this festive season and for the coming year."@en1
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