The European Parliament the Council, the Commission and the Court of Justice shall exercise their powers under the conditions and for the purposes provided for, on the one hand, by the provisions of the Treaties establishing the European Communities and of the subsequent Treaties and Acts modifying and supplementing them and, on the other hand, by the other provisions of this Treaty.
The European Parliament. Moving Toward Democracy in the EU, (Maryland: Rowman and Litlefield Publishers, 2002), chapter two. 321 BA 22/696, Peter Kirk’s first six months experience as a MEP, 10 June 1973. first direct elections was vital, because a low turnout would be seen as a vote of no confidence in the European Parliament and the Community.322 Moreover, as Michael Steed suggests there had been some opposition towards European Parliament fearing the federalist nature of the institution.323 Steed also stated in 1971 that MEPs were presumed ‘to be inferior calibre to fellow parliamentarians,’ despite them having the burden of a dual mandate.324 Direct elections also went against the agenda of the Labour Party, who continued to be absent from the European Parliament. In contrast, they wanted to ‘strengthen the Council’.325 Hence they feared a high turnout for direct elections would provide the European Parliament with an opportunity to demand more powers. Turnout thus began to be a significant matter. The Labour government also had to decide on sending representatives to the European Parliament as it had reached its self-imposed six-month deadline for determining the matter. The Conservative delegation thought that Labour would take its seats after renegotiation in 1975, posing a potential problem as it ‘would swell up the numbers of the Socialist Group’ and make it the largest grouping in the European Parliament.326 The Conservative delegation had enjoyed the freedom and financial incentives independence brought. They had also made progress in distancing themselves from the CDs as they did not want to be seen merely as a grouping the CDs could rely on for votes.327 Moreover, on certain votes (as mentioned previously on mergers) the Gaullists supported the European Conservatives.328 However, the European Conservatives did not want to align themselves too closely with the Gaullists due to 322 Ibid. 323 Ibid. Also as seen through the comments made by MPs such as Neil Marten 324 M. Steed, ‘The European Parliament: Significance of Direct Election’, Government and Opposition, 6.1 (1971) 62-76. 325 FCO 30/2569, Report on all issues with Direct Elections, 13 January 1975. 326 Ibid. 327 CCA, THCR, 2.11.9.21, CRD opinion survey of MEPs, 5 December 1975. 328 See MEPs in the European Parliament chapter. the credibility of some of their members.329 The objective until 1992 was to be an alternative centre-right grouping to the CDs (later the EPP). Yet fear of the Socialists enlarging their re...
The European Parliament and the Council shall, acting in accordance with the ordinary legislative procedure and after consulting the Economic and Social Committee, issue directives or make regu lations setting out the measures required to bring about freedom of movement for workers, as defined in Article 45, in particular:
The European Parliament. Article 223
The European Parliament may invite the Commission to an ad-hoc meeting of its responsible committee to present and explain systemic issues related to the implementation of this Regulation.
The European Parliament. Article 20 The European Parliament, which shall consist of representatives of the peoples of the States brought together in the Community, shall exercise the supervisory powers which are conferred upon it by this Treaty. Article 20a (*)
The European Parliament. The Commission replies to all type of questions put forward by the European Parliament or by its Members. Therefore, any question related to the Agency, regardless of whether it concerns the management of the administrative or operational appropriations, is replied by the Commissioner responsible for the activity of the Agency to which the question relates. To that end the Director of the Agency sends all the relevant information to the concerned parent DGs and keeps the Steering Committee of the Agency informed.
The European Parliament. 1. The European Parliament shall, jointly with the Council, exercise legislative and budgetary functions. It shall exercise functions of political control and consultation as laid down in the Constitution. It shall elect the President of the Commission.
The European Parliament and the Council shall take decisions on transfers of appropriations as provided for in paragraphs 3 to 6, except as otherwise provided in Title I of Part Two.
The European Parliament and the Council of the European Union approved a directive (the “AIFM Directive”) on alternative investment fund managers (“AIFM”) on 11 November 2010. The deadline for European Union Member States to transpose the AIFM Directive into national law, 22 July 2013, has passed. As an entity with its registered office outside the EU, the Manager will be affected by the AIFM Directive only to the extent that the Manager conducts relevant management and marketing activities within the EU. Accordingly, the Manager may not be subject to the provisions of the AIFM Directive in its management of the portfolio of the Cell and the protections for investors provided by the Directive may therefore not be available to investors in the Cell. Participating Shareholders should note that the provisions of the AIFM Directive will limit the ability of the Cell, as an investment fund not established in the EU which is managed by a non-EU manager, to be marketed to EU professional investors. These may have the consequence of, amongst other things, the Cell not benefitting from economies of scale that might otherwise have been achieved. Whilst the Manager may consider utilising the national private placement rules in EU member states when marketing the Cell for as long as they remain available, AIFMD may provide an option for the Manager to actively market Participating Shares within the EU to professional investors by applying for a passport. On 30 July 2015 the European Securities and Markets Authority (“ESMA”) announced the result of their assessment of Guernsey, along with Jersey and four other jurisdictions, as to its suitability to actively market Participating Shares within the EU through the EU passporting regime. The conclusion of ESMA’s assessment being that no obstacles exist to the extension of the passport to Guernsey; that opinion and advice has been sent to the European Parliament and Council for their consideration on whether to activate the relevant provision within AIFMD to extend the passporting regime through a Delegated Act. Should the Manager decide to obtain such a passport, when this becomes available, its ability to obtain such a passport will be subject to certain conditions. There is a risk that the Manager may not be able to fulfil the conditions required in order to obtain the relevant passport. In addition, in meeting conditions applicable under the AIFM Directive in order either to rely on the existing national private placement rules or to qualify f...
