CELEX: 62006CJ0156
Language: en
Date: 2006-11-23 00:00:00
Title: Judgment of the Court (Fifth Chamber) of 23 November 2006. # Commission of the European Communities v Kingdom of Sweden. # Failure of a Member State to fulfil obligations - Directive 2002/87/EC - Credit institutions, insurance undertakings and investment firms in a financial conglomerate - Supplementary supervision - Failure to transpose within the prescribed period. # Case C-156/06.

Judgment of the Court (Fifth Chamber) of 23 November 2006 – Commission v Sweden
      (Case C-156/06)
      Failure of a Member State to fulfil obligations – Directive 2002/87/EC – Credit institutions, insurance undertakings and investment firms in a financial conglomerate – Supplementary supervision – Failure to transpose within the prescribed period
      Actions for failure to fulfil obligations – Examination of merits by the Court – Situation to be taken into consideration – Situation on expiry of the period laid down in the reasoned opinion (Art. 226 EC) (see para. 6)
      Re:
      
         
               Failure of a Member State to fulfil obligations – Failure to transpose within the prescribed period Directive 2002/87/EC of
                  the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance
                  undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC,
                  92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council (OJ
                  2003 L 35, p. 1).
               
            Operative part 
      The Court:
      
         
                  1.
               
               
                  
               
               
                  Declares that, by failing to adopt, within the prescribed period, the laws, regulations and administrative provisions necessary
                     to comply with Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary
                     supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council
                     Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of
                     the European Parliament and of the Council, the Kingdom of Sweden has failed to fulfil its obligations under that directive;
                  
               
            
         
                  2.
               
               
                  
               
               
                  Orders the Kingdom of Sweden to pay the costs.