direct ec european parliament council april amend direct ec market financi instrument deadlin text eea relev european parliament council european union regard treati establish european commun articl thereof regard propos commiss consult european econom social committe regard opinion european central bank act accord procedur laid articl treati direct ec european parliament council april market financi instrument introduc comprehens regulatori regim ensur high qualiti execut investor transact direct ec member state adopt law regul administr provis compli april order ensur uniform applic member state signific number complex provis direct supplement implement measur adopt commiss period transposit member state member state fulli prepar finalis nation law content implement measur clear difficulti meet current transposit deadlin order compli requir direct ec nation implement legisl invest firm regul entiti introduc inform technolog system organis structur report record keep procedur make signific modif exist system practic content implement measur adopt commiss nation legisl transpos direct settl direct ec implement measur transpos nation law appli directli member state simultan direct produc full effect extend deadlin member state transpos direct ec nation law similarli deadlin invest firm credit institut compli requir postpon period transposit nation law complet member state interact provis direct ec extens deadlin appli provis direct extens transposit applic deadlin proportion exce member state regul entiti order avoid fragment hamper function intern market secur member state appli provis direct ec time resolut februari implement financi servic legisl european parliament request council equal role supervis commiss exercis execut role order reflect legisl power european parliament articl treati solemn declar made european parliament dai presid commiss support request decemb commiss propos amend council decis ec june lai procedur exercis implement power confer commiss submit amend propos april european parliament propos preserv legisl prerog view european parliament council opportun evalu conferr implement power commiss determin period limit period commiss adopt implement measur european parliament period month transmiss draft amend implement measur examin give opinion urgent duli justifi case shorten period period resolut adopt european parliament commiss examin draft amend measur consequenti amend postpon date repeal council direct eec invest servic secur field transit provis laid direct ec extend timet commiss report oblig postpon deadlin oblig member state transpos direct ec nation law deadlin invest firm credit institut compli requir provis direct ec remain ineffect novemb repeal direct eec effect novemb direct ec amend adopt direct articl direct ec amend recit replac quot european parliament period month transmiss draft amend implement measur examin give opinion urgent duli justifi case shorten period period resolut adopt european parliament commiss examin draft amend measur quot articl amend paragraph insert quot implement measur enact chang essenti provis direct quot paragraph replac quot prejudic implement measur adopt april latest applic direct provis requir adopt technic rule amend decis accord paragraph suspend act propos commiss european parliament council renew provis concern accord procedur laid articl treati end review prior date refer quot articl replac quot articl report review octob commiss basi public consult light discuss compet author report european parliament council extens scope provis direct pre post trade transpar oblig transact class financi instrument share octob commiss present european parliament council report applic articl april commiss basi public consult light discuss compet author report european parliament council continu appropri exempt provid articl undertak main busi deal account commod deriv content form proportion requir authoris supervis undertak invest firm mean direct appropri rule appoint ti agent perform invest servic activ respect supervis continu appropri exempt provid articl april commiss present european parliament council report state remov obstacl prevent consolid european level inform trade venu requir publish basi report refer paragraph commiss submit propos relat amend direct octob commiss light discuss compet author report european parliament council continu appropri requir profession indemn insur impos intermediari commun law quot articl replac quot articl repeal direct eec direct eec repeal effect novemb refer direct eec constru refer direct refer term defin articl direct eec constru refer equival term defin articl direct quot articl subparagraph replac quot member state adopt law regul administr provis compli direct januari forthwith inform commiss thereof appli measur novemb quot articl paragraph replac quot invest firm authoris home member state provid invest servic novemb deem authoris purpos direct law member state provid activ compli condit compar provid articl regul market market oper authoris home member state novemb deem authoris purpos direct law member state provid regul market market oper case compli condit compar provid titl iii ti agent enter public regist novemb deem regist purpos direct law member state concern provid ti agent compli condit compar provid articl inform commun novemb purpos articl direct eec deem commun purpos articl direct exist system fall definit mtf oper market oper regul market request market oper regul market authoris mtf provid compli rule equival requir direct authoris oper mtf request concern made eighteen month novemb quot articl member state adopt law regul administr provis compli direct januari forthwith inform commiss thereof appli measur novemb member state adopt measur refer direct accompani refer occas offici public method make refer laid member state articl direct enter forc dai public offici journal european union articl direct address member state strasbourg april european parliament presid borrel fontel council presid winkler oj opinion european parliament decemb publish offici journal council decis march oj oj oj oj direct amend direct ec european parliament council oj