IP/08/347
Brussels, 28 February 2008
Internal Market: infringement proceedings against Czech Republic and Latvia regarding non-implementation of EU rules The European Commission has decided to refer the Czech Republic to the European Court of Justice over its partial implementation in national law of the Institutions for Occupational Retirement Provision (IORP) Directive. The Commission will also formally request Latvia to implement a company law Directive. This formal request takes the form of a "reasoned opinion", the second stage of the infringement procedure laid down in Article 226 of the EC Treaty. If there is no satisfactory reply within two months, the Commission may refer the matter to the European Court of Justice. Czech Republic – Institutions for Occupational Retirement Provision (IORP) Directive
The Commission has decided to refer the Czech Republic to the European Court of Justice over its partial implementation in national law of Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision (IORP Directive). The Directive should have been fully transposed by all Member States by 23 September 2005.
The IORP Directive is part of the Financial Services Action plan and completes the internal market as far as institutions providing occupational pensions are concerned. Whilst recognising that Member States' systems for occupational pensions differ widely, the Directive provides harmonised rules for prudential supervision and capital requirements for these institutions. The Directive also lays down rules for the cross-border provision of occupational pensions.
Latvia – Company law
The Commission has decided to send a reasoned opinion to Latvia for failing to implement the Directive 2003/58 amending the first company law Directive on disclosure requirements for limited liability companies by the indicated deadline of 31 December 2006.
The latest information on infringement proceedings concerning all Member States can be found at:
http://ec.europa.eu/community_law/index_en.htm
