Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-10-Speech-2-272"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20040210.10.2-272"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
".
Mr Gahler, this has been a familiar issue for some time. I would remind you, first of all, that the bill adopted by the Hungarian Parliament on 15 December 2003 regulates the relations between the Hungarian Financial Supervisory Authority (PSZÁF), the Hungarian Parliament and the Ministry of Finance. The text of this bill is available to the Commission. It states that the Hungarian Financial Supervisory Authority may not accept any instructions in the performance of its tasks, which are set out in the bill. Nonetheless, the Ministry of Finance does have the right to be informed on a regular basis about the activities of the Authority and may call on the Authority to cease any improper practices if shortcomings do arise.
In terms of evaluating these two aspects of the bill, I should point out that the explicit provision stating that the Authority may not accept any instructions in the performance of its legally defined tasks, but that the Finance Minister has the right to be informed about its activities, is in line with normal standards, including those in place in the Member States of the European Union.
Quite apart from this, the Commission has been informed that the bill has not come into force. The Hungarian President refused to sign it, referring it instead to the Hungarian Constitutional Court for review. This review is not yet complete. The need for further amendments cannot be ruled out. Since the bill has not yet come into force, the Hungarian Financial Supervisory Authority is still operating under the existing regulations and the same administrative council. The Commission considers this an important matter. It is in constant contact with the Hungarian Government on this issue, and given the importance of efficient and proper financial supervision, has requested the Hungarian Government to inform it promptly of all developments in this field."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples