The Commission decided to pursue infringement procedures against 19 Member States for failure to implement in national law one or more of eight different Directives, including those on Occupational Pensions and Insurance Mediation.
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Eleven member states have not written the IOPR Directive into their national laws, or have done so only partially. The Directive should have been transposed by 23 September 2005. The reasoned opinions follow letters of formal notice sent in December 2005. The Directive des harmonised rules for prudential supervision and capital requirements for these institutions. The Directive also lays down rules for the cross-border provision of occupational pensions.
Six member states failed to transpose the Insurance Mediation Directive into national law. The Directive should have been transposed by 15 January 2005. Germany, Greece and Portugal have informed the Commission that the legislative process is on-going, but not yet finalised. France, Malta and Spain have communicated some national measures but have indicated that further national legislation is needed.
Press release
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