Legal provisions of COM(2006)905 - Amendment of Directive 2005/68/EC relating to reinsurance, as regards the implementing powers conferred on the Commission

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dossier COM(2006)905 - Amendment of Directive 2005/68/EC relating to reinsurance, as regards the implementing powers conferred on the Commission.
document COM(2006)905 EN
date March 11, 2008

Contents

Article 1 - Amendments

Directive 2005/68/EC is hereby amended as follows:

1.Article 55 shall be amended as follows:

(a)paragraph 2 shall be replaced by the following:

‘2.   Where reference is made to this paragraph, Article 5a(1) to (4) and Article 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.’;

(b)paragraph 3 shall be deleted;

2.in Article 56, the introductory phrase shall be replaced by the following:

‘The following implementing measures designed to amend non-essential elements of this Directive, inter alia, by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 55(2):’.

Article 2 - Entry into force

This Directive shall enter into force on the day following its publication in the Official Journal of the European Union.

Article 3 - Addressees

This Directive is addressed to the Member States.