Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-13-Speech-2-390"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20011113.16.2-390"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, the PPE-DE Group broadly welcomes this long-overdue overhaul of the original 1977 directive as part of the single market in financial services, which utilises the financial passport or single licence concept. This involves minimal harmonisation, the setting of professional standards and consumer safeguards as well as mutual recognition between Member States, to enable brokers to enjoy freedom of establishment throughout the Union with rules to ensure prudential care for the good conduct of their business.
I congratulate the rapporteur, Mr Berenguer Fuster, on his largely cooperative cross-party approach in committee, appropriate to a technical report which provides quality assurance to the consumer. It is worth noting that approximately 95% of European consumers use the services of insurance brokers and will be affected by this directive, along with 100 000 insurance practitioners in the Union.
The vast majority of areas of political difference were resolved in a series of compromise amendments, as well as those requirements due to the peculiar structure of the German industry. I was delighted at the adoption of a large number of my own amendments, ranging from exemptions for the travel industry, to recognition of the role of the computer and the Internet and the future role of e-commerce for insurance, as well as safeguards for a three-yearly review of eligibility for registration, and protection for businesses located offshore outside the EU.
I hope this report will not increase the burden to intermediaries, in terms of cost or difficulty, or of conducting normal business practices, but will open up a competitive and transparent market throughout the 15 Union Member States, which ultimately, by providing volume and economy of scale, will provide real savings which will be handed down to the citizens of the Union."@en1
|
| lpv:spokenAs |
substitute; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3
|
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples