do-me/EUR-LEX huggingface dataset:
95/13/EC: Commission Decision of 17 January 1995 amending Decision 90/55/EEC setting up a Consumers' Consultative Council
Date: 1995-01-17
Institutions: European Commission
Subjects: European organisation, advisory committee (EU), appointment of staff, consumer, consumer movement, consumer protection













EUR-Lex - 31995D0013 - EN






Avis juridique important




|



31995D0013

95/13/EC: Commission Decision of 17 January 1995 amending Decision 90/55/EEC setting up a Consumers' Consultative Council  


Official Journal L 021 , 28/01/1995 P. 0017 - 0017 





COMMISSION DECISION of 17 January 1995 amending  Decision 90/55/EEC setting up a Consumers' Consultative Council (95/13/EC)THE  COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to the Act of Accession of Austria, Finland and Sweden, and in particular Article 169  thereof, Having regard to Commission Decision 90/55/EEC of 17 December 1989 setting up a Consumers'  Consultative Council  (1), as amended by Decision 94/146/EC  (2), and in particular Article 3 and  Annex III thereof, Whereas the abovementioned Decision should be amended to take into account the accession of three  new Member States to the European Community, HAS DECIDED AS FOLLOWS: Sole Article Decision 90/55/EEC is hereby amended as follows: 1.  Article 3 is replaced by the following: 'Article 3 The Council shall be composed of 48 members. The seats shall be attributed as follows: (a)  to representatives of European consumer organizations, a total of 20 using the method of  distribution and selection described in Annexes I and II; (b)  to representatives of national and regional organizations and institutions, a total of 22  using the method of distribution and selection described in Annex III; (c)  to individuals specially qualified in consumer affairs, a total of six selected by the  Commission on the basis of their ability in terms of defending consumer interests, whether at a  general level or in specific areas or from specific aspects.` 2.  In Annex III, paragraph (a) is replaced by the following: '(a)  Seats attributed to members of national organizations and institutions shall be broken down  by nationality as follows: >TABLE> ` Done at Brussels, 17 January 1995. For the Commission Christiane SCRIVENER Member of the Commission
Opinion of the European Monetary Institute on a consultation from HM Treasury of the United Kingdom under Article 109f(6) of the Treaty establishing the European Community and Article 5.3 of the Statute of the EMI on a Proposal for amendments to the Building Societies Act 1986 through an Order made under Section 1 of the Deregulation and Contracting Out Act 191994 (CON/94/12)
Date: 1995-01-17
Institutions: European Monetary Institute
Subjects: United Kingdom, credit institution, financial stability, real property

OPINION OF THE EUROPEAN MONETARY INSTITUTE

on  a  consultation  from  HM  Treasury  of  the  United  Kingdom  under  Article  109f(6)  of  the  Treaty

establishing the European Community and Article 5.3 of the Statute of the EMI

on a Proposal for amendments to the Building Societies Act 1986 through an Order made under Section

1 of the Deregulation and Contracting Out Act 1994.

CON/94/12

1. 

The  present  consultation  was  initiated  on  23rd  December  1994  by  HM  Treasury  of  the  United

Kingdom  which,  for  this  purpose,  transmitted  to  the  EMI  the  text  of  the  proposed  amendments

and  an  explanatory  memorandum.  The  submission  of  the  EMI´s  opinion  on  this  consultation  is

subject to a time limit of one month in accordance with Article 4 of the Council Decision of 22nd

November 1993 on the consultation of the EMI by the authorities of the Member States on draft

legislative provisions (93/717/EC).

2. 

Building societies in the United Kingdom are mutual credit institutions. Their principal function is

to lend to their members (who fund the societies) for the purpose of purchasing property for the

members’  residential  use.  They  operate,  and  are  supervised,  under  the  Building  Societies  Act

1986,  under  separate  legislation  from  banks.  The  proposed  amendments  to  this  Act  aim  in

particular at increasing the proportion of funds which a building society may raise in the wholesale

market, changing certain capital requirements of building societies and obligations concerning their

subsidiaries, as well as removing certain procedural obligations for building societies.

3. 

The EMI´s competence to deal with this consultation is based on Article 1, section 1,  fifth indent

of Council Decision 93/717/EC as the proposed amendments may have an impact on the stability

of financial institutions and markets.

4. 

The EMI reviewed the proposed amendments to the Building Societies Act and concluded that the

features of the envisaged changes to the legal and economic structure of building societies do not

appear  to  have  negative  consequences  for  the  stability  of  financial  institutions  and  markets  and

therefore do not call for remarks from the EMI´s side.

17th January 1995