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Directive 2005/1/EC of the European Parliament and of the CouncilShow full title
Directive 2005/1/EC of the European Parliament and of the Council of 9 March 2005 amending Council Directives 73/239/EEC, 85/611/EEC, 91/675/EEC, 92/49/EEC and 93/6/EEC and Directives 94/19/EC, 98/78/EC, 2000/12/EC, 2001/34/EC, 2002/83/EC and 2002/87/EC in order to establish a new organisational structure for financial services committees (Text with EEA relevance)
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Changes over time for: Article 5
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Article 5U.K. Directive 91/675/EEC
Directive 91/675/EEC is hereby amended as follows:
1.in the title, the words ‘Insurance Committee’ shall be replaced by the words ‘European Insurance and Occupational Pensions Committee’;
2.Article 1 shall be replaced by the following:
‘Article 1
1.The Commission shall be assisted by the European Insurance and Occupational Pensions Committee established by Commission Decision 2004/9/EC of 5 November 2003(1) (hereinafter the Committee).
2.The chairperson of the Committee of European Insurance and Occupational Pensions Supervisors established by Commission Decision 2004/6/EC(2) shall participate at the meetings of the Committee as an observer.
3.The Committee may invite experts and observers to attend its meetings.
4.The secretariat of the Committee shall be provided by the Commission.’
3.Article 2 shall be replaced by the following:
‘Article 2
1.Where acts adopted in the field of direct non-life insurance and direct life assurance, reinsurance and occupational pensions confer on the Commission powers for the implementation of the rules which they lay down, Articles 5 and 7 of Council Decision 1999/468/EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the Commission(3) shall apply, having regard to the provisions of Article 8 thereof.
The period laid down in Article 5(6) of Decision 1999/468/EC shall be set at three months.
2.The Committee shall adopt its rules of procedure.’
4.Articles 3 and 4 shall be deleted.
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