17 August 2017
visit www.avoka.com

European Commission gets tough on e-cash and e-commerce laggards

08 January 2003  |  3050 views  |  0 crowd

The European Commission has begun infringement proceedings against seven member states that have failed to implement directives on e-commerce and e-cash.

The Commission has censured Belgium, France, Greece, Ireland, Italy, the Netherlands and Portugal for failure to comply with a one-year old deadline for creating a national legal framework for the free movement of data services in electronic commerce.

In a statement, the EC notes: "The Commission is aware that the member states concerned are making major efforts to transpose the directive in the shortest possible time and that draft laws are under discussion in all those member states. However, in the absence of a formal adoption of these laws, the Commission has decided to continue the infringement procedures."

The Commission has also singled out Belgium, Finland, France and Greece for failing to adopt the measures necessary for the taking up, pursuit of and prudential supervision of the business of electronic money institutions. The agreed deadline for implementation was 27 April 2002.

If the rogue states fail to respond adequately to the Commission's concerns, their cases will be forwarded to the European Court of Justice.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Commission under fire over ISD rule changes

Commission under fire over ISD rule changes

20 November 2002  |  2601 views  |  0 comments
Mobile operators win EU funding for payment system trials

Mobile operators win EU funding for payment system trials

19 November 2002  |  3270 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.abe-eba.euvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9983 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9971 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8305 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7757 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7697 views comments | 13 tweets | 7 linkedin

Featured job

London, UK (or flexible)

Find your next job