Written answers
Tuesday, 11 June 2013
Department of Finance
EU Directives
Andrew Doyle (Wicklow, Fine Gael)
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183. To ask the Minister for Finance the work his Department is currently undertaking on various pieces of upcoming legislation, through a potential Bill to go through the Houses of the Oireachtas or through Statutory Instrument, to ensure Ireland is in compliance with the upcoming deadlines of Directives from the European Union; the deadline in each case; and if he will make a statement on the matter. [27474/13]
Michael Noonan (Limerick City, Fine Gael)
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There are seven Directives awaiting transposition into domestic law by my Department at the current time, none of which are past their transposition deadlines. Directive 2009/138/EC has a transposition deadline of 30 June 2013. However, this Directive is the subject of an amending proposal on which negotiations are on-going. As the amending proposal has not been completed, it will not be possible to meet the 30 June 2013 deadline. The EU Commission has indicated that it will not take any action against Member States for not transposing this Directive on time because of the particular circumstances of this dossier.
In relation to Directives 2011/61/EU and 2011/89/EU, my Department is working with the Office of the Attorney General on the drafting of transposing instruments in order to meet the transposition deadline of 22 July 2013. Directive 2013/13/EU is necessitated by the upcoming accession of Croatia to the European Union and is of a purely technical nature; all necessary measures will be in place by the 1 July 2013 deadline.
The following table summarises the position for each of the seven Directives.
| Directive Reference Number | Title of Directive | Transposition deadline |
|---|---|---|
| 2008/8/EC | Council Directive 2008/8/EC of 12 February 2008 amending Directive 2006/112/EC as regards the place of supply of services | 1 January 2015 |
| 2009/138/EC | Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) | 30 June 2013 |
| 2011/61/EU | Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 | 22 July 2013 |
| 2011/85/EU | Council Directive 2011/85/EU of 8 November 2011 on requirements for budgetary frameworks of the Member States | 31 December 2013 |
| 2011/89/EU | Directive 2011/89/EU of the European Parliament and of the Council of 16 November 2011 amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate | 22 July 2013 |
| 2013/13/EU | Council Directive 2013/13/EU of 13 May 2013 adapting certain directives in the field of taxation, by reason of the accession of the Republic of Croatia | 1 July 2013 |
| 2013/14/EU | Directive 2013/14/EU of the European Parliament and of the Council of 21 May 2013 amending Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision, Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Funds Managers in respect of over-reliance on credit ratings | 21 December 2014 |
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