European Parliament legislative resolution of 10 July 2007 on the proposal for a directive of the European Parliament and of the Council amending Council Directive 85/611/EEC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), as regards the implementing powers conferred on the Commission (COM(2006)0926 – C6-0010/2007 - 2006/0293(COD))
(Codecision procedure: first reading)
The European Parliament,
– having regard to the Commission proposal to the European Parliament and the Council (COM(2006)0926)(1),
– having regard to Articles 251(2) and 47(2) of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament (C6-0010/2007),
– having regard to Rule 51 of its Rules of Procedure,
– having regard to the report of the Committee on Economic and Monetary Affairs (A6-0239/2007),
1. Approves the Commission proposal;
2. Calls on the Commission to refer the matter to Parliament again if it intends to amend the proposal substantially or replace it with another text;
3. Instructs its President to forward its position to the Council and Commission.