CHAPTER III

AMENDMENTS TO DIRECTIVES 85/611/EEC AND 2001/34/EC ON THE SECURITIES SECTOR

Directive 85/611/EEC
Article 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directive 2001/34/EC
Article 10
Directive 2001/34/EC is hereby amended as follows:
1. Article 108 shall be deleted;
2. Article 109 shall be replaced by the following:
Article 109
1
For the purpose of adjusting, in the light of the requirements of the economic situation, the minimum amount of the foreseeable market capitalisation laid down in Article 43(1), the Commission shall submit to the European Securities Committee instituted by Commission Decision 2001/528/EC of 6 June 2001 a draft of the measures to be taken.
2
Where reference is made to this paragraph, 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 shall apply, having regard to Article 8 thereof.
The period laid down in Article 5(6) of Decision 1999/468/EC shall be set at three months.
3
The Committee shall adopt its rules of procedure.
OJ L 191, 13.7.2001, p. 45. Decision as amended by Decision 2004/8/EC (OJ L 3, 7.1.2004, p. 33).
OJ L 184, 17.7.1999, p. 23.’
Deleted by Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (recast) (Text with EEA relevance).