Article 9

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) · European Union

Directive 85/611/EEC is hereby amended as follows: Article 6c shall be amended as follows: in paragraph 9, the second sentence shall be replaced by the following: ‘Every two years the Commission shall issue a report on such cases.’; in paragraph 10, the second sentence shall be replaced by the following: ‘Every two years the Commission shall issue a report on such cases.’; in Article 14(6), the second subparagraph shall be deleted; in Article 21(4), the third sentence shall be replaced by the following: ‘Such information shall be the subject of exchanges of views within the European Securities Committee.’; in the third subparagraph of Article 22(4), the fourth sentence shall be replaced by the following: ‘Such communications may be the subject of exchanges of views within the European Securities Committee.’; the title of Section X shall be replaced by the following: ‘European Securities Committee’; Article 53 shall be deleted; Article 53a shall be replaced by the following: ‘Article 53a The technical amendments to be made to this Directive in the following areas shall be adopted in accordance with the procedure referred to in Article 53b(2): (a) clarification of the definitions in order to ensure uniform application of this Directive throughout the Community; (b) alignment of terminology and the framing of definitions in accordance with subsequent acts on UCITS and related matters.’; the following Article shall be inserted: ‘Article 53b 1. The Commission shall be assisted by the European Securities Committee instituted by Commission Decision 2001/528/EC OJ L 191, 13.7.2001, p. 45. Decision as amended by Decision 2004/8/EC (OJ L 3, 7.1.2004, p. 33). , hereinafter “the Committee”. 2. Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC OJ L 184, 17.7.1999, p. 23.’ 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. 3. The Committee shall adopt its rules of procedure.

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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.