Monday, January 06, 2003

EU infringement procedure for e-money and E-commerce

AFX Press and Online Ireland report that the EU Commission has started infringement procedures on a number of issues, amongst which the implementation of the e-commerce and the e-money directive.

As AFX Press noted:

BRUSSELS (AFX) - The European Commission said it is pursuing infringement proceedings against 13 member states for their failure to transpose EU internal market directives into national law.

The commission said it has asked Belgium, Denmark, Greece, France, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Finland and the UK to implement quickly legislation concerning motor insurance, cultural goods, electronic commerce and the issuing of electronic money.

See also the EU press release on e-commerce and the EU press release on e-money. The latter states:

The Commission will send reasoned opinions to Belgium, Finland, France and Greece for failing to adopt the measures necessary to comply with Directives 2000/28/EC and 2000/46/EC on the taking up, pursuit of and prudential supervision of the business of electronic money institutions (see IP/98/727).