P6_TA(2006)0011
Equitable Life Committee of Inquiry
European Parliament decision on setting up a Committee of Inquiry into the crisis of the Equitable
Life Assurance Society
The European Parliament,
— having regard to Article 193 of the EC Treaty,
— having regard to Decision 95/167/EC, Euratom, ECSC of the European Parliament, the Council and the
Commission of 19 April 1995 on the detailed provisions governing the exercise of the European Parlia-
ment's right of enquiry (1),
— having regard to Rule 176 of its Rules of Procedure,
— having regard to the request presented by 213 Members of the European Parliament,— having regard to the decision of the Conference of Presidents of 14 December 2005, agreeing in princi-
ple to establish a Committee of Inquiry into the allegations raised by petitions 0611/2004 by ArthurWhite (British) and 0029/2005 by Paul Braithwaite (British), on behalf of the Equitable Members'Action Group and by subsequent petitions on the same subject submitted by German and Irish petitio-
ners, all of which related to the Equitable Life Assurance Society (Equitable Life),
1. Decides to set up a Committee of Inquiry to investigate alleged contraventions or maladministration
in the application of Community law in relation to the crisis of Equitable Life, without prejudice to the
jurisdiction of national or Community courts;
2. Decides that the Committee of Inquiry shall:
— investigate alleged contraventions or maladministration in the application of Directive 92/96/EEC (
2),
now codified by Directive 2002/83/EC (3), by the United Kingdom's competent authorities in relation
to Equitable Life, notably as regards the regulatory regime and the monitoring of the financial health ofinsurance undertakings, including their state of solvency, the establishment of adequate technical provi-sions and the covering of those provisions by matching assets;
— assess, in this respect, whether the Commission has properly fulfilled its duty to monitor the correct
and timely transposition of Community law and identify whether systematic weaknesses contributed tothe situation that has arisen;
— assess allegations that the UK regulators consistently failed, over a number of years, and at least since
1989, to protect policy holders by exercising rigorous supervision of accounting and provisioning prac-tices and the financial situation of Equitable Life;24.11.2006 C 287 E/158 Il- Ġurnal Uffi ċjali ta' l-Unjoni Ewropea
L-Erbg ħa, 18 ta' Jannar 2006MT
(1) OJ L 113, 19.5.1995, p. 1.
(2) Council Directive 92/96/EEC of 10 November 1992 on the coordination of laws, regulations and administrative pro-
visions relating to direct life assurance and amending Directives 79/267/EEC and 90/619/EEC (third life assurance
Directive) (OJ L 360, 9.12.1992, p. 1).
(3) Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance
(OJ L 345, 19.12.2002, p 1). Directive as last amended by Directive 2005/68/EC (OJ L 323, 9.12.2005, p. 1).
— assess the status of claims by non-UK European citizens and the adequacy of remedies available under
UK and/or EU legislation for policy-holders from other Member States;
— make any proposals that it deems necessary in this matter.
3. Decides that the Committee of Inquiry shall present an interim report to Parliament within 4 months
of starting its work, with a view to presenting its final report to Parliament within 12 months of the adop-tion of this decision;
4. Decides that the Committee of Inquiry will be composed of 22 Members of the European Parliament.
P6_TA(2006)0012
Temporary Committee on extraordinary rendition
European Parliament decision setting up a temporary committee on the alleged use of European
countries by the CIA for the transportation and illegal detention of prisoners
The European Parliament,
— having regard to the European Union's attachment to the principles of liberty, democracy and respect
for human rights and fundamental freedoms and of the rule of law as outlined in the preamble to theTreaty on European Union and notably in Articles 6 and 7 of that Treaty,
— bearing in mind that, according to the case-law of the Court of Justice of the European Communities,
the protection of fundamental rights is also part of the constitutional order of the Community,
— bearing in mind that protecting human dignity is one of the key objectives of the Charter of Fundamen-
tal Rights of the European Union, as proclaimed by the institutions on 7 December 2000, and that thisfundamental value would be violated were cruel, inhuman or degrading treatment of persons to occur,
for whatever reason, under the direct or indirect responsibility of EU Member States and institutions,
— having regard to its resolution of 15 December 2005 on presumed use of European countries by the
CIA for the transportation and illegal detention of prisoners (
1), which, as regards the inquiry pending
at the Council of Europe, envisages the need for a temporary committee of the European Parliament tobe set up to accompany such an enquiry, particularly as Member States are implicated,
— having regard to Rule 175 of its Rules of Procedure,24.11.2006 C 287 E/159 Il-Ġurnal Uffi ċjali ta' l-Unjoni Ewropea
L-Erbg ħa, 18 ta' Jannar 2006MT
(1) Texts Adopted, P6_TA(2005)0529.