CELEX: C2006/331/36
Language: en
Date: 2006-12-30 00:00:00
Title: Case C-156/06: 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)

30.12.2006   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 331/21
            
         Judgment of the Court (Fifth Chamber) of 23 November 2006 — Commission of the European Communities v Kingdom of Sweden
   (Case C-156/06) (1)
   
   (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)
   (2006/C 331/36)
   Language of the case: Swedish
   Parties
   
      Applicant: Commission of the European Communities (represented by: D. Maidani and K. Simonsson, acting as Agents)
   
      Defendant: Kingdom of Sweden (represented by: A. Falk, Agent)
   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 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 Kingdom of Sweden has failed to fulfil its obligations under that directive.
            
         
               2.
            
            
               Orders the Kingdom of Sweden to pay the costs.
            
         
      (1)  OJ C 131 of 3.6.2006.