74. NotesthatmanyofficialdocumentsarestillbeingdistributedtoMembersonpaperdespitetheir
availabilityonline;pointsoutthatinmanycases,thesedocumentsarediscardedwithouteverbeingused,whichresultsinahugewasteofmoneyandpaper;callsontheCollegeofQuaestorstoinstructtheAdministrationtoceasetheautomaticandgeneraldistributionofthefollowingtypesofdocumenttotheextentthattheyarealsoavailableonlineand/orcanbetransmittedelectronically:
/dash Commissiondocuments,
/dash Councildocuments,
/dash DG2and3workingdocumentsandresearchpapers,/dash Sessiondocuments,/dash NoticesfromtheQuaestors,theBureauandotherofficialnotices;
75. Asksinsteadforlimitedbutsufficientnumbersofthesedocumentstobeavailableinpaperformat
thedocumentcounter;
76. Callsforasystemofelectronicsignaturetobeintroduced,wherebyaMember’ssignaturecanbe
appliedtodocumentssuchasamendmentsandparliamentaryquestionswithouthavingtohaverecoursetotransmissionofdocumentsonpaper.
P5_TA(2004)0346
Modernisingcompanylawandenhancingcorporategovernance
EuropeanParliamentresolutiononthecommunicationfromtheCommissiontotheCouncilandtheEuropeanParliament:Modernisingcompanylawandenhancingcorporategovernanceinthe
EuropeanUnion/dashAplantomoveforward(COM(2003)284/dashC5-0378/2003/dash2003/2150(INI))
TheEuropeanParliament ,
/dash havingregardtothecommunicationfromtheCommissiontotheCouncilandtheEuropeanParlia-
ment(COM(2003)284/dashC5-0378/2003),
/dash havingregardtothecommunicationfromtheCommissiontotheCouncilandtheEuropeanParlia-
ment:ReinforcingthestatutoryauditintheEU(COM(2003)286),
/dash havingregard toitsresolutionof12February 2004oncorporategovernance andsupervisionof
financialservices/dashtheParmalatcase(
1),
/dash havingregardtoRules47(2)and163ofitsRulesofProcedure,
/dash having regard to the report of the Committeeon Legal Affairs and the Internal Market and the
opinionsoftheCommitteeonEconomicandMonetaryAffairs,theCommitteeonIndustry,External
Trade,ResearchandEnergyandtheCommitteeonEmploymentandSocialAffairs(A5-0253/2004),
A. whereastheCommissioncommunicationdefinesimportantobjectivesthatshouldguideEUinitiatives
tomoderniseEuropeancompanylawandstrengthencorporategovernance,
B. whereastheeventswhichoccurredrecently,firstinJapanandsubsequentlyintheUnitedStatesand
Europe,involvingmajorindustrialgroups(inparticularParmalat),illustratethattherulesontrans-parencythatshouldprovideaframeofreferenceforactionbyEuropeancompaniesneedtobemoreclearlydefined;whereasinthisconnectiontheeffectsofsuchscandalsareborneinparticularbysmallshareholders,saversinvestinginfundsortrustsandothercreditorsaswellasworkers,wholosetheir
jobsandsalaries,
(1) P5_TA(2004)0096.C104E/714 EN30.4.2004 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
C. whereas, inconnectionwiththeglobalisationoftheeconomy,asetofinternationallyrecognised
principlesandrulesisneededtoprotecttheinterestsofcompanies,investorsandworkers,
D. whereasitwasdecidedattheLisbonEuropeanCouncilandsubsequentSpringEuropeanCouncilsto
maketheEUthemostcompetitiveknowledge-basedeconomyintheworld,basedoninvestmentin
humanresources,fullandqualityemploymentandgreatersocialcohesioninaframeworkofsustain-abledevelopment,
E. whereaspropertyrightsaresubjecttorestrictionsandobligationsforthebenefitofsociety,andcom-
panieshavecorporatesocialresponsibility;whereas,especiallyinsomeindustries,theissueofcor-poratesocialresponsibilityisassumingastrategicdimensionbecause,intheirperceptionsofcom-panies,citizensarenolongerthinkingmerelyaspotentialconsumers,butareinsistingonguarantees
asregardsenvironmentalprotection,compliancewithbasichealthandsafetystandards,andpartici-
pation,
F. whereas,furthermore,thecurrentrestructuringprocessisleadingtogreaterfragmentation,outsourc-
inganddelocalisationamongcompanies,sometimesmakingitdifficulttomakeouttheactualcom-positionofacompanyorwhereitsrealdecision-makingcentresare,andoftenmakingitalmostimpossibletounderstandholdingsandcross-ownershipofsharesortherulesandcontractualprovi-sionsgoverningworkerswhosejobshavebeendislocatedtodifferentpartsofapyramidorgroupstructure,
G. whereastheStockholmEuropeanCouncilapprovedthesettingupofaEuropeanMonitoringCentre
onChange(EMCC),whichisanimportantEuropeaninformationsourceontheeconomicandsocialchangesresultingfromdevelopmentsandshiftsintechnologies,workorganisation,productionandbusinessmodels,legislation,andthelabourmarket,
H. whereas good relations between management and workers and their representatives /dash including
informationandconsultation,participation,bargainingandcontractualagreements/dashareanimport-antfactorintheeffectivenessoftheproductionandsocialfunctionsofacompanyaswellasadrivingforcebehinditssuccessandcompetitiveness,
I. whereas,furthermore,theinformationsuppliedtoandtheconsultationofworkers’representativesare
generallyinsufficient,asregardsbothqualityandtimescales,toenableworkerstoinfluencetheout-comeofcorporatedecisions,especiallywhenthosedecisionshaveseriousemploymentimplications,
1. WhilstrespectingthetraditionsinMemberStates’companylawprovisionsinlinewiththeprinciple
ofsubsidiarity,supportstheneedforurgentactiontobetakeninthiscontextonEuropeancompanylaw;considersthattheenlargementprocessandsubsequentconsolidationoftheinternalmarketwillmakeitnecessarytoharmoniseorcoordinatethedifferentnationallawssoastoestablishageneralframeworkthatwillallowformobilitybetweenEuropeancountries;
2. Putsparticularemphasisontheimportanceofpayingattentiontothefactthattheaimofmeasures
toharmoniseEUcompanylawistohelpcreatealevelplayingfieldforcompaniesandthatalevelplayingfieldmustbeensuredinthecaseofallmeasures;
3. SupportstheviewoftheCommissionthatcompetitionbetweennationalcompanyrulesishealthy,
andthereforeconsidersthatcompetitionunderlevelplayingfieldconditionsmaytaketheplaceofeffortstobringaboutmaximumharmonisation;
4. Considers, however, that governance cannot be seen as a problem confined solely to relations
betweenshareholdersandmanagement;inthisconnection,pointstotheessentialroletobeplayedbystakeholderswithinorclosetothecompany;30.4.2004EN C104E/715 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
5. TakestheviewthatEuropeancorporategovernanceandcompanylawmustencompasssubstantial
arrangementsandpracticestoinformandconsultworkersandthatalldirectivesconcerningcompanylawmustlaydownanobligationtoinformandconsultworkers’representativeswhenitisnecessarytotakeimportantdecisionsaffectingthecontinuedsurvivalofcompaniesandjobs;
6. Drawsattentiontotheimportanceoftakingaccountoftheworkbeingcarriedoutoncorporate
governanceintheOECD;
7. TakesafavourableviewoftheCommission’sproposalsformoderncorporategovernancewiththe
aimofincreasingbusinesses’competitivenessasacrucialcomponentofeconomicgrowthandjobcre-ation,improvingprotectionforshareholdersandcreditorsandenhancingthetransparencyofthewayin
whichbusinessesoperate;
8. Considersthatitisnecessaryinallcasestodistinguishbetweenlargeandsmallshareholders,mainly
asregardstheuseofmoderntechnologyintheexerciseofshareholders’votingrights,giventhatsmallshareholdersareusuallymoreatrisk;
9. AgreeswiththeCommissionthatthereisnoneedtodrawupaspecificEuropeancodeofcorporate
governance, butconsidersthatthe EU shouldspelloutaframeworkofinternationalstandardstobeobservedanddetermineproceduresforthesetobetransposed,soastosupplementtheexistingregulatoryprovisionsatnationallevel;
10. RemainsconvincedthatprioritiesatEUlevelshouldbeingenuinecross-borderareas,andtherefore
callsontheCommissiontoacceleratethedraftingoftherecommendationstoMemberStatestoreviewnationalrulesthathampertheestablishmentofundertakingsacrossborders;
11. AgreeswiththeCommissionthat‘theEUmustdefineitsownEuropeancorporategovernance
approach,tailoredtoitsownculturalandbusinesstraditions’andwarnsoftheemergenceofatendencytocopyUSsolutionsforUSproblemsandtoimportUStraditionsandrulesthatwouldbecounterpro-ductiveforpropercorporategovernanceinEurope;
12. EndorsesthegeneralapproachadoptedbytheCommissionwithatimescalematchedtotheone
containedinthefinancialservicesactionplanandwhichshouldbesufficientlyflexibleasregardsthebalanceduseoflegalinstruments,directivesandrecommendations;welcomestheintentionoftheCom-
missiontoreviseandprioritisethecommunicationoncompanylawandcorporategovernanceinthe
wakeofrecentcorporatescandalsinEurope;agreeswiththeCommissionthatmeasurestoencouragecorporategovernancemustbedealtwithatthesametime,andwiththesamelevelofcareandpriority,asmeasuresrelatingtocompanylaw;withregardtotherulesoncorporategovernance,callsontheCommissiontosystematicallytake stockofthe measures carried outin the Member Statessince theadoptionoftheWinterreportandtotakethemfullyintoaccountwhenframingitsproposalsfordirec-tivesandrecommendations;inthisconnection,considersthatthesolutionsadoptedbytheUnitedStatesarenotnecessarilyasuitableexampleforEuropeandthatitisvitalthattheserulesshouldreflectthespecific characteristics of the situation in Europe; accordingly, welcomes the Commission’s efforts todevelopprojectsfortheformationofaEuropeancompany;
13. ExpressesdoubtsaboutthepointofthesettingupbytheCommissionofaEuropeanCorporate
GovernanceForum,asharmonisationofcorporategovernancecodesisnotbeingproposedandcoor-dinationofworkonnationalcodesalreadytakesplaceatassociationlevel(forexample,Unice);
14. ConsidersitvitalinthisconnectionthattheMemberStates’supervisoryandmonitoringbodies
shouldmeetthreerequirements:stabilityofthefinancialsystem,transparencyofmarkets,corporatebal-
ancesheetsandcorporatebehaviour,andsafeguardingcompetition;inparticular,itisvitalto:
(a) ensuretheautonomy,independenceandintegrityofmembersofthemanagementandsupervisory
boards,auditorsandratingcompanies;
(b) ensurethattheauthoritiesresponsibleformonitoringthestockexchangeareabletofunctioneffec-
tively,givingthemthenecessaryresourcesandstaff;C104E/716 EN30.4.2004 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
(c) createframeworkconditionsfortheworkofanti-trustauthorities;
(d) promoteaneffectivesystemofcooperationbetweencentralbanks;
15. UrgestheMemberStateseffectivelytofulfiltheundertakingsgiveninrecentyearsasregardsmeet-
ingtheLisbonobjectives,atnational,regionalandlocallevel,soastoprovidearegulatory,institutional,
politicalandparticipatoryframeworkforallactorsconcerned,includingcompanies;
16. Stressestheneedforcompaniestoobserveintheirday-to-dayconducttheprinciplewherebyprop-
ertyrightsaresubjecttorestrictionsandobligationsforthebenefitofsociety,andtobeawareoftheir
corporatesocialresponsibility;
17. Pointstotheneedtodrawupacomprehensive andmoreexactdefinitionofcorporatesocial
responsibilityasakeyaimforaforward-lookingcorporatepolicyandasaguidingprincipleforEuropeansocio-economicpolicies;maintainsalsothatthebasicprinciplesofcorporatesocialresponsibilitymustbefullyintegratedintoallspheresofCommunityactivity,particularlycompanylaw,theinternalmarket,competitionpolicy,legislationonfinancialmarkets,commercialpolicy,thecommonforeignandsecuritypolicy,anddevelopmentcooperationpolicy;
18. RegretsthefactthattheHighLevelGroupofCompanyLawExpertsappointedbytheCommission
inSeptember2001takesthesameapproachtoallbusinessesandshareholdersandconsidersthatinorderfortheseobjectivestobeachieved,insteadofadoptingauniformapproachtoallbusinesses,adistinctionshouldbedrawnbetweenthoselistedonthestockexchange,companiesnotlistedonthestockexchangeandparticularlysmallandmedium-sizedbusinessesinthiscategory;
19. Endorsestheproposalthatcompanieslistedonthestockexchangeshouldmakeanannualstate-
mentoncorporategovernancetoprovideinvestorswithgreatertransparencyandmoreinformationtoguidetheirchoices;however,thisstatementcannotandmustnotpreventthecompetentsupervisoryauth-oritiesfromcarryingoutindependentcheckswherevertheyseefit;
20. RepeatsitsrequesttotheCommission,whendealingwiththerelevantdirective(FourthCompany
LawDirective),alsotosubmitaproposalprovidingforsocialandenvironmentalinformationalongsidethefinancialinformationrequirements;
21. Welcomes the business world’s initiative on greater openness and urges the Member States to
encourage greater opennessandtransparencywithregardtocorporatereporting ongovernance sincethiswillimprovetheflowofcorporatecapitaland,inthelongterm,theconfidenceofmarketplayers;
22. SupportstheCommissioninitsintentiontostrengthenshareholders’rightsinparticularthrough
extensionoftherulesontransparency,proxyvotingrights,thepossibilityofparticipatingingeneralmeet-ingsviaelectronicmeansandensuringthatcross-bordervotingrightsareabletobeexercised;
23. Expressesitsregret thatnomentionismadeoftheconsequencesforcorporategovernance of
certainpracticesresultingfromdifferencesinthefinancingofcompanies,especiallybetweentheAnglo-Saxon tradition /dash where share ownership spread through financial marketspredominates /dash and thecontinentaltraditionwherebanksandmajorityshareholdersplayamoreimportantrole;urgestheCom-missiontocarryoutsuchananalysisandtoavoidconclusionsandinitiativesbasedsimplyonaunilateralapproach;
24. CallsfortheCommission,asamatterofpriority,andonthebasisofsuitableproposals,tohelpwin
acceptancefortheprincipleof‘oneshareonevote’whereveritapplies,inordertoensureequaltreatmentforallshareholders;
25. CallsontheCommissionasamatterofurgencytostrengthentherulesoncorporatecontrols,
particularlyasregardsauditingandintroducingstringentpenaltiesforfraud;
26. UrgestheCommissionandMemberStatestoensurestrictapplicationofEuropeanlegislationon
marketabuse,financialprospectusesandtransparency;30.4.2004EN C104E/717 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
27. Callsfor the pointsrelated tosimplification ofthe capital maintenance rules to be considered
carefullyandcontinuestosupporttheprincipleofminimumcapital;
28. TakesapositiveviewoftheCommission’sinterestincross-bordermergersandthecorresponding
mobilityofcompanies;stresses,however,thatthisinterestmustbematchedbymeasurestofacilitatethemobilityofworkersinthecorrespondingcompanies;
29. Insistsonthe need toguarantee that, in the case oflistedcompanies, the possibilityofbeing
auditedandadvisedbythesamefirmisruledout;
30. Welcomestheproposalforadirectiveonthestatutoryauditofannualaccountsandconsolidated
accounts(COM(2004)177)submittedbytheCommissionand,inparticular,supportsthekeyprincipleson
thefullresponsibilityofthestatutoryauditorwithregardtotheconsolidatedaccountsoftheaudited
companyandtheneedtosetupanindependentcommitteeforthestatutoryauditofaccountsineverypublicinterestentity;sharestheCommission’sviewthatalllistedcompanies/dashespeciallybanks,insuranceundertakings,hospitalsandpensionfunds/dashshouldbeclassifiedandregulatedaspublicinterestentities,giventheireconomicandsocialimportance;
31. StressestheneedforlistedcompaniesandotherpublicinterestentitiestohaveanAuditCommit-
tee,whosefunctionsshouldincludeoverseeingtheexternalauditor’sindependence,objectivityandeffec-tiveness;
32. Stresses the need for corporate governance to include auditing rules designed to enhance the
responsibilityofauditgroupsandtheirindependencefrommanagement,andtoimproveandharmonisepublicsupervisionofauditorsasregardsproblemsrelatingtothescopeandtermsofreferenceofsuper-vision,thecompositionofsupervisorycommittees,theprinciples,qualityandtransparencyofsupervisionandthemechanismsandmethodsforsanctions;
33. AgreeswiththeCommissionproposaltosetupapublicelectronicregisterofstatutoryauditfirms
/dashwhichhavebeenapprovedbydesignatedpublicauthoritieswithintheMemberStates/dashclearlyandtransparentlylistingthelegalform,make-upandindependenceofthestatutoryauditgroups;emphasisestheimportanceofcreatingasystemofrecognitionbasedonahighlevelofcompetence,trainingandprofessionalethicsinstatutoryauditfirmsandtheneedtomakeinformationontherelationsbetweenthe audit firm and the audited firm public, accessible and transparent, including information on feeschargedandpaymentsmade;
34. SupportstheestablishmentofacommitteetoregulateauditingintheEUthatwouldincludeamong
itsfundamentalprinciplesprotectionofthepublicinterestandofallpartiesconcerned;stressestheneedtodevelopacommonsystemofstatutoryauditingstandardswithintheEUbymeansofacooperationmech-anismwhichisefficientandconsistentwithregardtotheexistingnationalsystems;considersthatthesettingupofasingleauthorityresponsibleforaccountingandfinancialsupervisioninEuropewouldbeapossiblelong-termsolution;
35. ConsidersitvitaltoimprovecooperationatCommunitylevelbetweenthebodiessupervisingstatu-
toryauditing intheMember Stateswithaview todeveloping acommonsystemofrequirements to
guaranteeahighlevelofintegrityandindependence;considersthedevelopmentofacooperationmodel
withtheregulatoryandstatutoryauditbodiesofnon-EUcountries/dashbasedontheprincipleofreciprocity/dashtobevitalforthesoundandhealthyoperationofthefinancialmarkets;
36. Callsforallinternationalbodies(G-8FinancialStabilityForum,OCSE,FATF/dashFinancialAction
TaskForceonMoneyLaundering)tospeedupnegotiationsdesignedtodevelopabindingframeworkforoffshorecentresandothertaxhavens;
37. WelcomestheCommission’seffortinits2004workprogrammetorevisetherulesonthetransfer
ofdeficitsandsurpluseswithinacompanyoperatinginanumberofMemberStatesandurgestheCom-missiontoexpeditethisworksinceitisofvitalimportanceformanycompaniesoperatingacrossEurope;C104E/718 EN30.4.2004 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
38. InvitestheCommission,moreover,toconsiderintegratingintotheproposalonEighthCouncil
Directive84/253/EECof10April1984basedonArticle54(3)(g)oftheTreatyontheapprovalofpersonsresponsibleforcarryingoutthestatutoryauditsofaccountingdocuments(
1)otherprovisionssuchasa
prohibitionontheperformancebythesameauditorsofallnon-auditservicestoauditclients;
39. CallsontheCommissiontopromotecooperationbetweenthebodiesandinstitutionsresponsible
forsupervisionandcontrolofrelationsbetweencompaniesandbanks,inordertoprotecttheinterestsofsmallshareholdersandsaversinvestinginfundsortrusts;
40. Pointsoutthat,ifitistranslatedintorealityandmadetransparenttothepublic,corporategovern-
anceenhancesacompany’simageandratingalikeandhenceitspositiononthecapitalandfinancialmarkets,thusworking,inthefinalanalysis,inthecompany’sinterest;
41. Considersitvital,furthermore,thatshareholdersshouldbeabletotakepartindiscussionsonthe
remunerationofdirectorsandsupportstheideathatarecommendationshouldbeadoptedintroducingaregimecoveringessentialaspectsofdirectors’remunerationpolicy;
42. CallsontheCommissiontoproposealegalframeworklayingdownrulesgoverningtheactivities
andstructureof‘institutionalinvestors’,takingintoconsiderationarequirementconcerningparticipation
inshareholders’meetings;
43. WithregardtotheCommission’sotherproposals,considersitvitaltomaintaintheproposalfora
directiverequiringinstitutionalshareholderstodiscloseinformationontheirinvestmentpolicy,giventhedirectinfluencetheywieldovertheshapeandsubstanceofcorporategovernanceforcompaniesinwhichtheyinvest;welcomesthemoreactiverolethatsomeinstitutionalinvestorsandparticularlypensionfundshavealreadytakenincorporategovernanceandurgestheCommissiontostartanactiveconsultationwiththesectoronobligationstoprovideinformationontheirinvestmentpoliciesandexercisingofvotingrightsincompaniesinwhichtheyinvest;
44. CallsontheCommissiontoexaminethepossibilityofconflictsofinterestinconnectionwithhold-
ingsincompaniesandbanksandtoproposerulestoeliminateandpreventconflictsofinterest;
45. Stressestheneedforextensivetransparencyasregardsremunerations,includingbothfixedand
variablecomponents,andanyincentiveorstockoptionschemesformanagement;
46. CallsontheCommissionsubstantiallytoimproveinformationandtransparencyproceduresfor
groupsandpyramidstructures,sincetheformationofacompanyintogroupsand,inparticular,pyramidstructures,canmakeitsactualstructurelesstransparent;
47. CallsontheCommissiontospeedupworkoninformationanddisclosurewithregardtoagroup’s
structureandintra-grouprelationsbyrevisionofSeventhCouncilDirective83/349/EECof13June1983basedontheArticle54(3)(g)oftheTreatyonconsolidatedaccounts(
2),inordertoprovidemoretrans-
parency,andinthisconnectionasksthattheCommissionreflectsonwaystomakefeaturessuchasspecialpurposevehiclesandtax-havensubsidiariesmoretransparent;
48. AskstheCommissiontoexaminetowhatextentcertainparticularlyopaquepyramidstructures,
whoseprimarypurposeistomaintaincontrolofacompany,maybebarredfrombeingadmittedtothe
stockexchange;
49. SupportstheCommission’sproposaltoproduceadirectiveoncorporaterestructuringandmobility;
(1) OJL126,12.5.1984,p.20.
(2) OJL193,18.7.1983,p.1.30.4.2004EN C104E/719 OfficialJournaloftheEuropeanUnion
Wednesday21April2004
50. Considersatthesametimethatthelong-awaitedamendmentofthedirectiveonEuropeanworks
councilsisnowinevitable,necessary,andamatteroftheutmosturgency;withthisinview,callsontheCommissionimmediatelytoinitiatetheconsultationbetweenmanagementandlabourprovidedforbytheTreaty,layingdownclearguidelinesastotheaimtobeachieved,especiallyasregardstheinformationandconsultation timescales and procedures, which must enable workers’ representatives to exert genuineinfluenceoverprocessesunderway;
51. SupportstheworkonaEuropeanPrivateCompany;maintainsthatanynewcompanyform(what
istermedthe‘EuropeanPrivateCompany’)designedtosimplifyregulatorystandardsandproceduresonaEurope-widebasisshouldnotconflictwiththerightsofparticipationdefinedinotherexistingcompanymodelsandthattherelevantrightslaiddowninthedirectiveontheEuropeancompanystatuteshould
accordinglybeextendedinacoherentmannertoapplytotheEuropeanPrivateCompany;
52. Welcomesthe Commission’sinitiative in launching a feasibility studyconcerning the European
PrivateCompany(EPC)whichhasbroadsupportamongtheplayersconcerned;callsontheCommission,furthermore,toreviewinthatfeasibilitystudytheminimumcapitalrequirementsfortheestablishmentofaEuropeancompany(SE)inaccordancewithCouncilRegulation(EC)No2157/2001of8October2001ontheStatuteforaEuropeancompany(SE)(
1)ortoputforwardproposalsforanewformofEuropean
companyadaptedtosmallandmedium-sizedenterprises;considersthattheminimumcapitalrequirementofEUR120000makesitdifficultforsmallandmedium-sizedenterprisestousethecorporatestructureoftheEuropeancompany(SE);
53. Considersthatforsmalllimitedcompaniestheseconddirective’ssystemisparticularlystrict;
54. SupportstheCommissioninitsintention,onthebasisofadirective,togivecompaniesthroughout
theEUthechoicebetweenaone-tierandatwo-tierboardstructure;
55. InstructsitsPresidenttoforwardthisresolutiontotheCouncilandtheCommission,andtothe
governmentsandregulatoryandsupervisoryauthoritiesoftheMemberStatesandtheaccessioncountries.
(1) OJL294,10.11.2001,p.1.
P5_TA(2004)0347
Cyprus
EuropeanParliamentresolutiononCyprus
TheEuropeanParliament ,
/dash havingregardtoitsassentof9April2003totheapplicationbytheRepublicofCyprustobecomea
MemberoftheEuropeanUnion(1),
/dash havingregardtotheTreatyontheAccessionoftheRepublicofCyprus,theCzechRepublic,the
RepublicofEstonia,theRepublicofHungary,theRepublicofLatvia,theRepublicofLithuania,theRepublicofMalta,theRepublicofPoland,theSlovakRepublicandtheRepublicofSloveniatotheEuropeanUnion,andinparticularProtocol10thereof,
/dash havingregardtoitsresolutionof11March2004onthecomprehensivemonitoringreportofthe
EuropeanCommisisononthestateofpreparednessforEUmembershipoftheCzechRepublic,Esto-nia,Cyprus,Latvia,Lithuania,Hungary,Malta,Poland,SloveniaandSlovakia(
2),
/dash havingregardtoRule37(2)ofitsRulesofProcedure,
(1) OJC64E,12.3.2004,p.365.
(2) P5_TA(2004)0180.C104E/720 EN30.4.2004 OfficialJournaloftheEuropeanUnion
Wednesday21April2004