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Procedure file Procedure file

Procedure file : Etat actuel du dossier

The information here reflects the current status of the procedure
Identification
Reference COD/2001/0044  
Title Capital market, financial services: application of international accounting standards
Legal Basis EC 095-p1 ; EP 050  
Dossier of the committee  
Subject(s) 2.50 free movement of capital
2.50.04 banks and credit
3.45.03 financial management of undertakings, business loans, accounting
Stage reached Procedure ended
Stages
Stages Documents: references Dates
Source reference Equivalent references Votes and amendments Joint resolution of document of publication in Official Journal
Commission/Council: initial legislative document Summaries EC COM(2001)0080 C5-0061/2001         13/02/2001 C 154 29.05.2001, p. 0285 E
Economic and Social Committee: opinion, report   ESC CES0934/2001           11/07/2001 C 260 17.09.2001, p. 0086
EP: draft report by the committee responsible   EP PE308.463           04/10/2001  
EP: decision of the committee responsible, 1st reading/single reading Summaries               26/02/2002  
EP: tabled legislative report, 1st reading or single reading   EP A5-0070/2002           26/02/2002  
EP: position, 1st reading or single reading Summaries EP T5-0094/2002           12/03/2002 C 047 27.02.2003, p. 0025-0062 E
Final legislative act Summaries EU 32002R1606           19/07/2002 L 243 11.09.2002, p. 0001-0004
  Follow-up documents
Agents
European Parliament
Committee
Rapporteur / Co-rapporteurs
Political group Appointed
Legal Affairs and Internal Market (responsible, associated committees)
Inglewood The Lord
PPE-DE
24/04/2001
Economic and Monetary Affairs (opinion, associated committees)
Thyssen Marianne
PPE-DE
28/05/2001
European Commission and Council of the Union
European Commission DG Internal Market and Services Transmission date: 13/02/2001
Council of the Union
  Previous Councils
  Economic and Financial Affairs ECOFIN, Budget meeting: 2520 of: 15/07/2003
Links to other sources
National parliaments IPEX
European Commission PreLex
 
19/07/2002 - Final legislative act
PURPOSE : the adoption of international accounting standards (IAS).
COMMUNITY MEASURE : Regulation 1606/2002 of the European Parliament and of the Council on the application of international accounting standards.
CONTENT : This Regulation has as its objective the adoption and use of IAS in the Community with a view to harmonising the financial information presented by certain companies in order to ensure a high degree of transparency and comparability.
For each financial year starting on or after 01/01/05, companies governed by the law of a Member State will prepare their consolidated accounts in accordance with the IAS if, at their balance sheet date, their securities are admitted to trading on a regulated market of any Member State within the meaning of Article 1(13) of Council Directive 93/22/EEC.
With regard to annual accounts, Member States have the option to permit or require publicly traded companies to prepare them in conformity with IAS adopted in accordance with the procedure laid down in this Regulation. Member States may decide as well to extend this permission or requirement to other companies as regards the preparation of their consolidated accounts or their annual accounts.
Member States are allowed to defer the application of certain provisions until 2007 for those companies publicly traded both in the Community and on a regulated third-country market which are already applying another set of internationally accepted standards as the primary basis for their consolidated accounts, as well as for companies which have only publicly traded debt securities.
ENTRY INTO FORCE : 14/09/02.
 
List of summaries
Summaries 24/04/2008 Commission/Council: follow-up document
Summaries 29/09/2003 Implementing legislative act
Summaries 19/07/2002 Final legislative act
Summaries 12/03/2002 EP: position, 1st reading or single reading
Summaries 26/02/2002 EP: decision of the committee responsible, 1st reading/single reading
Summaries 13/02/2001 Commission/Council: initial legislative document
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