ANNEX II

Financial services within the meaning of Article 3 (1) Investment services Insurance and reinsurance operations Banking services Operations relating to dealings in futures or options. Such services include in particular: investment services referred to in the Annex to Directive 93/22/EEC (1); services of collective investment undertakings, services covered by the activities subject to mutual recognition referred to in the Annex to Directive 89/646/EEC (2); operations covered by the insurance and reinsurance activities referred to in: Article 1 of Directive 73/239/EEC (3), the Annex to Directive 79/267/EEC (4), Directive 64/225/EEC (5), Directives 92/49/EEC (6) and 92/96/EEC (7). Statement by the Council and the Parliament re Article 6 (1) The Council and the Parliament note that the Commission will examine the possibility and desirability of harmonizing the method of calculating the cooling-off period under existing consumer-protection legislation, notably Directive 85/577/EEC of 20 December 1985 on the protection of consumers in respect of contracts negotiated away from commercial establishments ('door-to-door sales`) (1). Statement by the Commission re Article 3 (1), first indent The Commission recognizes the importance of protecting consumers in respect of distance contracts concerning financial services and has published a Green Paper entitled 'Financial services: meeting consumers' expectations`. In the light of reactions to the Green Paper the Commission will examine ways of incorporating consumer protection into the policy on financial services and the possible legislative implications and, if need be, will submit appropriate proposals.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-22 · Text as adopted (Official Journal); later amendments are not incorporated in this text.