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ENGLISH

A "Chambre régionale de discipline des commissaires aux comptes" (Auditors’ regional chamber of discipline) had imposed a penalty on one of these professionals, who formed a retrial before this chamber. His action is dismissed for lack of text, that confirms the "Haut Conseil du Commissariat aux Comptes (French High Council of the Commissioner of Account). The "Conseil d’Etat" (French Council of State) invalidates the decision, demanding that retrial is open, even without special text, if the applicant claims that the decision was not adopted on the relevant documents.

 

FRENCH

Une chambre régionale de discipline des commissaires aux comptes avait infligé une sanction à un de ces professionnels, qui forme un recours en révision devant cette chambre. Le recours est rejeté faute de texte, ce que confirme le Haut Conseil du Commissariat aux Compte. Le Conseil d’Etat invalide la décision, en posant qu’un recours en révision est ouvert, même sans texte spécial, si le requérant prétend que la décision n’a pas été adoptée sur des pièces pertinentes.

After an assessment critical rating agencies, on their role in the crisis, on the concentrated nature of the market of the notation, the report published on 18 June 2012 by the French Senate proposes a series of action to "detoxify" the system. It indicates with the same voluntarism that there is no fatality, it proposes that central banks resumed their role more firmly, that the States publish a call for tenders to encourage the emergence of a new European private actor to which the methodology will be imposed, we diversified the notes, we disciplined " ex-post" agencies by the game of responsibility, that we loosened the power of the agencies on the democratic entities, including States, that can prevent conflicts of interest.

The Partners committee is made up of companies involved in regulated sectors (or themselves regulated), of law firms and of audit firms.

Main information

The European Directive of September 16th 2009 introduces a clear definition of electronic money and establishes a new prudential supervisory regime of the business of electronic money institutions.

The European Commission adopted the Decision setting up a Financial Services User Group on 20 July 2010 (2010/C 199/02) to ensure proportionate user representation and expertise at all stages of the development of its policy on financial services.

 

FRENCH

Fiche thématique (finance) : La Commission européenne établit un groupe des utilisateurs des services financiers afin de faire une plus grande place aux opinions des utilisateurs dans le processus décisionnel européen

La Commission européenne a adopté la décision établissant un groupe des utilisateurs des services financiers le 20 juillet 2010 (2010/C 199/02) afin d'assurer une représentation proportionnelle des usagers et de profiter de leur point de vue à chaque stade du développement de sa politique envers les services financiers. 

 

GERMAN

Thematischer Bericht (Finanz): Die Europäische Kommission hat eine neue Gruppe für Nutzer von Finanzdienstleistungen (FSUG) eingesetzt, um die Vertretung der Nutzer im EU politischen Entscheidungsführungsprozess sicherzustellen.

Die Europäische Kommission hat in einer Beschluss vom 20. Juli 2010 (2010/C199/02) die Einsetzeung einer Nutzergruppe "Finanzdienstleistungen" angenommen. Diese Gruppe soll einer angemessenen Ver­tretung der Nutzer in allen Phasen der Ausarbeitung der Politik der Kommission im Bereich Finanzdienstleistungen gewährleisten.

ITALIAN

 

Finanza: La Commissione europea ha approvato un Gruppo per gli utenti dei servizi finanziari per rafforzare la loro voce in capitolo nel processo decisionale dell’Unione europea.

Il 20 luglio 2010 la Commissione europea ha adottato la decisione (2010/C 199/02) che prevede un Gruppo per gli utenti dei servizi finanziari al fine di assicurare una rappresentazione degli stessi e considerazione della loro competenza in ogni stadio dello sviluppo della sua politica in materia di servizi finanziari.

 

 

 

 

CHINESE

主题性报告 (金融)：欧盟委员会建立金融服务行业用户团体,强化金融服务使用者在欧盟决策程序中的意见地位

欧盟委员会于2010年7月20日通过了建立一个金融服务业用户团体的决定(2010/C 199/02)，以便在金融服务行业相关政策制订的每一阶段确保使用者的代表比例以及维护其意见建议。

 

 

Just released the book of Sofia Ranchordiàs, Constitutional Sunsets and Experimental Legislation. This  topic is particularly important in regulatory systems where this method is used very often.

As soon as Legislation is case management, it becomes a matter of time, good timing, and efficiency.

Because the figure of the Law has changed its terms should change. The most appropriate law then appears the "experimental law", the "trial law." This ephemeral legislation as regulatory bodies promote, can claim to be part of the future only if it has "successful". Operators must be good students if they want to conserve the Law!footnote-14.

Thus, the law is only a draft and it is its success that allows the standard access to the status that was natural: the Act that applies to the future.

These precarious laws that certains authors and regulatory bodies present as the right model, challenge the constitutional principles, the Constitution itself being the supreme law governing the future.

This book shows the extent to which notions of efficiency, testing, flexibility, can attack the very idea of Parliament Law  and Constitution. It is true that in regulatory systems everything becomes simple regulations, including laws but it is also true that constitutional courts are restive to admit "experimental laws".

Cet ouvrage montre jusqu'à quel point les notions d'efficacité, de test, de flexibilité, peuvent attaquer l'idée même de Loi et de Constitution. Il est vrai qu'en Régulation, tout ne deviendrait que réglementation, y compris la loi et il est vrai que les cours constitutionnelles sont rétives à admettre les "lois expérimentales".

Complete reference: GERMAIN, Michel and MAGNIER, Véronique, Traité de droit des affaires - Les sociétés commerciales (Law Treaty - Commercial companies), 21th ed., LGDJ - Lextenso éditions, Paris, 1054 p.

 

This book is written in French.

On listed companies, see p. 799-1034.

Read paperback.

Read the table of contents.

The Conseil d'État (French State Council)l issued a ruling Sept. 19, 2014, Agence pour l'enseignement français à l'étranger, which does not involve a regulated sector but is very instructive for all of them.

Indeed, the term "guidelines" is common in how each and designates certain documents prepared by the regulatory authorities. These give themselves this appellation to documents made ex ante to give operators the "outline" of the future action of the regulator. Thus, the "guidelines" would produce legal certainty while maintaining flexibility, since in the future the authority will continue to set its position on a case by case basis.

This convinced the Conseil d'État, which expressed his support for the "droit souple (soft law)" in its annual report in 2013.

Now comes the case: it was necessary that the "hard right" come bless the "soft law".

In this case, was challenged before the administrative judge an "instruction" from this Agency for French Teaching Abroad for the "consideration of the financial situation of the parents" seeking a scholarship to the child. A local agency for awarding grants had rejected a request no meeting the criteria developed in the statement. Parents have acted appeal for abuse of power. They both lost before the Cour administrative d'appel de Paris (Administrative Court of Pari) that before the Conseil d'État.

However, the Council recognizes that the Agence pour l'enseignement français à l'étranger  has no regulatory power. But the judgement takes in considération that:"l'instruction en cause a énoncé, à l'intention des commissions locales, des lignes directrices, sans fixer de normes à caractère général qui se serait imposée de matière impérative à ces commissions"!footnote-8 .