CELEX: C2006/331/38
Language: en
Date: 2006-12-30 00:00:00
Title: Case C-218/06: Judgment of the Court (Eighth Chamber) of 14 December 2006 — Commission of the European Communities v Grand-Duchy of Luxembourg (Failure of a Member State to fulfil obligations — Directive 2002/87/EC — Supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate — Failure to implement within the prescribed period)

30.12.2006   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 331/22
            
         Judgment of the Court (Eighth Chamber) of 14 December 2006 — Commission of the European Communities v Grand-Duchy of Luxembourg
   (Case C-218/06) (1)
   
   (Failure of a Member State to fulfil obligations - Directive 2002/87/EC - Supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate - Failure to implement within the prescribed period)
   (2006/C 331/38)
   Language of the case: French
   Parties
   
      Applicant: Commission of the European Communities (represented by: D. Maidani, Agent)
   
      Defendant: Grand-Duchy of Luxembourg (represented by: C. Schiltz, Agent)
   Re:
   Failure of a Member State to fulfil obligations — Failure to adopt, within the prescribed period, 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 (OJ 2003 L 35, p. 1)
   Operative part of the judgment
   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 Grand-Duchy of Luxembourg has failed to fulfil its obligations under that directive;
            
         
               2.
            
            
               Orders the Grand-Duchy of Luxembourg to pay the costs.
            
         
      (1)  OJ C 165, 15.7.2006.