peuticpurposesalone,inallfields,andtoprohibittheuseof
antibiotic resistance genes in GMOs, which may be dissemi-natedintheenvironment;
Modification 26
Paragraph 6b (new)
6b. to strengthen the close cooperation between the
MemberStates,theapplicantcountriesandotherpartiescon-cerned at international level in order to deal more effectivelyatinternational andintercontinental level with the spread ofdiseaseandantimicrobialresistancearisingfromtheincreaseininternational tradeandtravel;
Modification 27
Paragraph 6c (new)
6c. topromoteaglobalstrategyinalltherelevantsectors:
publichealth,veterinary medicineandplanthealth.
8. Undertakings for collective investment in transferable securities (UCITS)***II
A5-0324/2001
1.
European Parliament legislative resolution on the Council common position for adopting a Euro-
pean Parliament and Council directive amending Council Directive 85/611/EEC on the coor-dination of laws, regulations and administrative provisions relating to undertakings for collectiveinvestment in transferable securities (UCITS), with regard to investments of UCITS (7551/1/2001
/dash C5-0296/2001 /dash 1998/0243(COD))
(Codecision procedure: second reading)
The European Parliament,
;dash having regard to the Council common position (7551/1/2001 ;dash C5-0296/2001),
;dash having regard to its position at first reading (
1) on the Commission proposal to Parliament and the
Council (COM(1998) 449) (2),
;dash having regard to the amended Commission proposal (COM(2000) 329) (3),
;dash having regard to Article 251(2) of the EC Treaty,
;dash having regard to Rule 80 of its Rules of Procedure,
;dash having regard to the recommendation for second reading of the Committee on Economic and Mon-
etary Affairs (A5-0324/2001),
1. Amends the common position as follows;
2. Instructs its President to forward its position to the Council and Commission.
(1) OJ C 339, 29.11.2000, p. 220.
(2) OJ C 280, 9.9.1998, p. 6.
(3) OJ C 311 E, 31.10.2000, p. 302.9.5.2002 EN C 112 E/111 Official Journal of the European Communities
Tuesday 23 October 2001
COMMISSION
DRAFTMODIFICATIONS
BY PARLIAMENT
COUNCIL
COMMON POSITIONAMENDMENTS
BY PARLIAMENT
Amendment 3
ARTICLE 1a (new)
Article1a1. No later than …(
*), the Commission shall forward to
the European Parliament and the Council a report on theapplication of Directive 85/611/EEC as amended and pro-posals for amendments, where appropriate. The report shallinparticular:
(a) analyse how to deepen and broaden the Single Market
for UCITS, in particular with regard to cross-bordermarketing of UCITS (including third-party funds), thefunctioning of the passport for management companies,the functioning of the simplified prospectus as aninformation and marketing tool, the review of the scopeof ancillary activities and the possibilities for improved
collaboration of supervisory authorities with respect to
commoninterpretation andapplication oftheDirective,
(b) review the scope of the Directive in terms of how it
applies to different types of products (e.g. institutionalfunds, real-estate funds, master-feeder funds and hedgefunds); the study should in particular focus on the sizeof the market for such funds, the regulation, whereapplicable, of these funds in the Member States and anevaluationoftheneedforfurtherharmonisationofthesefunds,
(c) evaluate the organisation of funds, including the del-
egation rules and practices and the relationship betweenfundmanageranddepositary,
(d) review the investment rules for UCITS, for example the
use of derivatives and other instruments and techniques
relating to securities, the regulation of index funds, the
regulation of money market instruments, deposits, theregulation of ‘fund of fund’ investments, as well as thevariousinvestmentlimits,
(e) analysethecompetitivesituationbetweenfundsmanaged
by management companies and ‘self-managed’ invest-mentcompanies.
In preparing its report, the Commission shall consult as
widely as possible with the various industries concerned andwithconsumergroupsandsupervisory bodies.
2. Member States may grant UCITS existing on the date
ofentryintoforceofthisDirectiveaperiodofnotmorethan60 months from that date in order to comply with the newnationallegislation.
(*) Three yearsafter the entryintoforce ofthisDirective.C 112 E/112 EN 9.5.2002 Official Journal of the European Communities
Tuesday 23 October 2001