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30.12.2006 |
EN |
Official Journal of the European Union |
C 331/22 |
Judgment of the Court (Eighth Chamber) of 14 December 2006 — Commission of the European Communities v Grand-Duchy of Luxembourg
(Case C-218/06) (1)
(Failure of a Member State to fulfil obligations - Directive 2002/87/EC - Supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate - Failure to implement within the prescribed period)
(2006/C 331/38)
Language of the case: French
Parties
Applicant: Commission of the European Communities (represented by: D. Maidani, Agent)
Defendant: Grand-Duchy of Luxembourg (represented by: C. Schiltz, Agent)
Re:
Failure of a Member State to fulfil obligations — Failure to adopt, within the prescribed period, provisions necessary to comply with Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council (OJ 2003 L 35, p. 1)
Operative part of the judgment
The Court:
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1. |
Declares that, by failing to adopt within the prescribed period, the laws, regulations and administrative provisions necessary to comply with Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council, the Grand-Duchy of Luxembourg has failed to fulfil its obligations under that directive; |
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2. |
Orders the Grand-Duchy of Luxembourg to pay the costs. |