Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-13-Speech-1-051"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-05-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Distance marketing of consumer financial services2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20020513.5.1-051"2
lpv:hasSubsequent	lp_eu:2002-05-13-Speech-1-0522
lpv:speaker	lp:Ioannis Koukiadis2
lpv:spokenAs	substitute; EMPL (2002-02-05--2004-07-19)3 vice-chair; Committee on Legal Affairs and the Internal Market (2002-01-21--2004-07-19)3 member; PETI (2002-01-17--2004-07-19)3 member; PES (1999-07-20--2004-07-19)3 vice-chair; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees and Delegation for relations with Tadjikistan, Turkmenistan and Mongolia (2002-02-07--2004-07-19)3 substitute; Delegation to the EU-Bulgaria Joint Parliamentary Committee (2002-02-07--2004-07-19)3 unknown; Panellinio Socialistiko Kinima (1999-07-20--2004-07-19)3
lpv:translated text	"Mr President, Mrs Berger has produced an in-depth piece of work and has, I think, got to grips with this subject. The purpose of the directive is to set up a single legal framework for distance marketing of consumer financial services by supplementing existing sectoral regulations and plugging the gaps in the general directive on distance marketing of consumer goods. This directive will improve the working of the single market and offer consumers greater protection. The question of maximum or minimum harmonisation is still a bugbear and naturally voices have been raised in disagreement. My impression is that the problem could be resolved by adopting or at least allowing for specific regulations to be adopted on certain matters. Maximum harmonisation, taken together with the Commission's obligation to tell providers about various national regulations is helpful in a way, especially to small and medium-sized financial service providers, because it cuts providers' information costs and increases transparency. This principle has also been retained on the important issue of the right of withdrawal, with the exception of life insurance and old-age pensions. The 14-day period represents a compromise between the seven days initially proposed by the Commission and the 30 days for which Parliament lobbied. There are also uniform rules on the method for calculating such periods. This uniform approach to the right of withdrawal reinforces transparency and legal security in the internal market. One crucial point which needs to be highlighted is that the common position clarifies the fact that this directive needs to take account of Directive 2000/31 on electronic commerce, at least as far as the transactions regulated by it are concerned. I think that recognition of the country of origin is vital and should not be overlooked. In all events, despite its remaining shortcomings, the common position will fortunately go a long way towards satisfying the positions of the European Parliament. I agree with the rapporteur that the directive should apply immediately, which is why we need to avoid time-consuming amendments to individual regulations."@en1

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