EUROPEAN PARLIAMENT 1999 2004 Committee on Economic and Monetary Affairs PE/V/PV/03-16 MINUTES of the meeting of 24 November 2003, from 3 pm - 7 pm, and 25 November 2003, from 9 am - 12.30 pm BRUSSELS The meeting opened on Monday, 24 November 2003, at 3 pm. with Christa Randzio-Plath, chairwoman, in the chair. 1. Adoption of draft agenda PE 333.072 The draft agenda was adopted. 2. Chairman's announcements: The Chair informed Members of the decision to postpone the adoption of SGI report to 15/12/2003, during an extra-ordinary meeting in Strasbourg. 3. Approval of minutes of the meetings of: 6 October 2003 in Brussels PE 333.063 The minutes were approved. 4. Appointment of rapporteurs and draftspersons - decisions on procedure, decisions of the Bureau and the co-ordinators meeting of 4 November 2003 in Brussels. The mini-pv of said meeting was distributed to the members and the decisions were commented by the Chair. The Chair announced the decision to nominate the PSE group for the Lamfalussy extension report. PV\517736EN.doc PE 333.091 Or. EN EN EN 5. Work in progress in the Field of Financial Services and Taxation. Exchange of views with M. BOLKENSTEIN, Commissioner for the Internal Market. Speakers: Christa Randzio-Plath, Theresa Villiers, Ieke van den Burg, Simon Francis Murphy, Robert Goebbels, John Purvis, Astrid Lulling, Alain Lipietz, Christopher Huhne. ***V O T E S O N P O I N T S 6, 7, 8, 9 A N D 10** 6. Company law : takeover bids *** I T08031 -( COD020240 - COM(02)0534 - C5-0481/02 ) PE 323.107/REV PE 323.107/AM1 PE 323.107/AM2 PE 323.107/AM3 PE 323.107/AM4 PE 323.107/AM5 Draftsman: Christopher Huhne Adoption of draft opinion 7. Reduces rates of value added tax (amendment of Directive 77/388/EEC) * T08461 -(CNS030169 - COM(03) 0397 - C5-0359/03) PE333.060 PE333.060/AM Rapporteur: Christa Randzio-Plath Adoption of draft report 8. Comunity framework for collection companies in the field of copyright T08139 -(INI022274 - COM(02) 0691) PE333.070 PE333.070/AM Draftsman: Othmar Karas Adoption of draft opinion 9. Common system of VAT: conferment of implementing powers and adoption of derogations (amendment of Directive 77/388/EEC) * T08367 -(CNS030120 - COM(03) 0335 - C5-0281/03) PE333.057 Rapporteur: Hans Blokland Adoption of draft report PE 333.091 2/6 PV\517736EN.doc Or. EN EN 10. Statistics on trading in goods ***I T08395 -(COD030126 - COM(03) 0364 C5-0285/03 PE333.061 Rapporteur: Astrid Lulling Adoption of draft report 11. The role and methods of rating agencies T08345 -(INI032081) PE333.078 Rapporteur: Giorgos Katiforis Hearing of experts Mr Bill BANDIA (Goldman Sach International) Mr Michel MADELAIN (Moody's Investors Service LTD) Mr Léon MERKUN (KPN) Mr Christian RABEAU (Axa Investment Managers Paris) Mr Helmut REISEN (OECD) Mr Rainer SCHWARZ (Allianz A.G.) Mr Paul TAYLOR (Fitch Ratings) Mr Stavros THOMADAKIS (Academics) Mr François VEVERKA (Standard & Poor's) Speakers: Christa Randzio-Plath, Giorgos Katiforis, John Purvis, Ieke van den Burg * * * Tuesday 25 November 2003 at 9.38 am, the meeting started with John Purvis, vice - chairman, in the chair. * * * 12. Services of general interest. Green Paper T08423 -(INI032152 - COM(03) 0270 - C5-0376/03) PE323.188/REV PE323.188/AM Rapporteur: Philippe A.R. Herzog Consideration of amendments Speakers: Philippe A.R. Herzog, Werner Langen, Karin Riis-Jørgensen, Alexander Radwan, Harald Ettl, Alain Lipietz, Marcel Haan (Commission) Decision: 1. Further Discussion in committee on 2 December 2003 in Strasbourg 2. Vote on 16 December 2003 in Strasbourg. PV\517736EN.doc 3/6 PE 333.091 Or. EN EN 13. XXXIInd report on Competition Policy 2002 SEC(2003) 467 - C5-0424/2003 2003/2167INI (Provisional) PE333.054 Rapporteur: Benedetto Della Vedova Further cConsideration of draft report Decision: Postponed * * * At 10.30 Philippe A.R. Herzog, vice-chairman took over the chair at 10.30. * * * 14. The future of hedge Funds and derivatives T08346 -(INI032082) PE333.062 PE333.062/AM Rapporteur: John Purvis Consideration of amendments Speakers: John Purvis, Philippe A.R. Herzog, Commission. Decision: 1. Vote in committee on 2 December 2003 2. Vote in plenary in January 2004. 15. Date and place of next meeting BRUSSELS Monday, 1 December 2003, from 3 pm - 6.30 pm. Tuesday, 2 December 2003, from 9 am. - 12.30 pm. and 3 pm - 6.30 pm. * * * The meeting closed at 10.55. PE 333.091 4/6 PV\517736EN.doc Or. EN EN BILAG/ANLAGE/ΠΑΡΑΡΤΗΜΑ/ANNEX/ ANNEXE/ALLEGATO/BIJLAGE/ANEXO/LIITE/BILAGA DELTAGERLISTE/ANWESENHEITSLISTE/ΚΑΤΑΣΤΑΣΗ ΠΑΡΟΝΤΩΝ/RECORD OF ATTENDANCE/LISTA DE ASISTENCIA/LISTE DE PRESENCE/ELENCO DEI PRESENTI/PRESENTIELIJST/LISTA DE PRESENÇAS/LÄSNÄOLOLISTA/DELTAGARLISTA Til stede Formandskabet/Vorstand/Προεδρείο/Bureau/Ufficio di Presidenza/Mesa/Puheenjohtajisto/J.L. Presidium: (*) Christa Randzio-Plath (PR), José Manuel García-Margallo y Marfil (1) (1VP), Philippe A.R. Herzog (2VP), John Purvis (3VP) Anwesend Medlemmer/Mitglieder/Μέλη/Members/Diputados/Députés/Deputati/Leden/Deputados/Jäsenet/ Ledamöter: Παρόντες Hans Blokland (1), Renato Brunetta(1), Hans Udo Bullmann(1), Robert Goebbels, Lisbeth Grönfeldt Bergman, Mary Honeyball(1), Christopher Huhne(1), Giorgos Katiforis, Piia-Noora Kauppi(2), Christoph Werner Konrad(1), Alain Lipietz, Hans-Peter Mayer(2), Fernando Pérez Royo(2), Alexander Radwan, Karin Riis- Present Jørgensen, Olle Schmidt(1), Bruno Trentin, Theresa Villiers Stedfortrædere/Stellvertreter/Αναπληρωτές/Substitutes/Suplentes/Suppléants/ Presentes Membri supplenti/Plaatsvervangers/Membros suplentes/Varajäsenet/Suppleanter: Luis Berenguer Fuster(2), Manuel António dos Santos(1), Harald Ettl, Wilfried Kuckelkorn(1), Werner Langen, Erika Mann(1), Simon Francis Murphy, Mikko Pesälä(1), Elly Plooij-van Gorsel(1), Herman Schmid(1), Ieke van Présents den Burg Presenti Aanwezig Läsnä Närvarande Art. 153,2 Fiori, Lehne, Hermange Art. 166,3 Laar M. (1), Protasiewicz J., Siekierski C., Cybulski Z. Endv. deltog/Weitere Teiln./ Συµµετείχαν επίσης/Also present Participaron igualmente/ Participaient également/ Hanno partecipato altresi΄/ Andere deelnemers/ Outros participantes/ Muut osallistujat/ Dessutom deltog (Dagsorden/Tagesordnung Pkt/Ηµερήσια ∆ιάταξη Σηµεί/Point OJ/Punto OG/Agenda Punt/Ponto OJ/punto orden del dia/ Esityslistan kohta/Föredragningslista punkt): * (P) =Formand/Vorsitzender/Πρόεδρος/Chairman/Président/Presidente/Voorzitter/Presidente/Puheenjohtaja/Ordförande (VP) =Næstform./Stellv. Vorsitz./Αντιπρόεδρος/Vice-Chairman/Vice-Président/Vice-Presidente/Varapuheenjohtaja Ondervoorz./Vice-Pres./Vicepres/Vice ordförande. Til stede den/Anwesend am/Παρών στις/Present on/Présent le/Presente il/Aanwezig op/Presente em/Presente el/Läsnä/Närvarande den. (1) Monday, 24 November 2003 (2) Tuesday, 25 November 2003 (3) ... PV\517736EN.doc 5/6 PE 333.091 Or. EN EN Efter indbydelse fra formanden/Auf Einladung d. Vorsitzenden/Με πρόσκληση του Προέδρου/At the invitation of the Chairman/Por invitación del presidente/Sur l'invitation du président/Su invito del presidente/Op uitnodiging van de voorzitter/A convite do Presidente/Puheenjohtajan kutsusta/ På ordförandens inbjudan: ...... Radet/Rat/Συµβούλιο/Council/Consejo/Conseil/Consiglio/Raad/Conselho/Neuvosto/Rådet: (*) Janssen and other officials Kommissionen/Kommission/Επιτροπή/Commission/Comisión/Commissione/Commissie/Comissão/Komissio/ Kommissionen: (*) Keinhorst and other officials Cour des comptes: .. C.E.S.: ... Andre deltagere/Andere Teilnehmer Huemer (ECB) Επίσης Παρόντες/Also present Otros participantes/Autres participants/Altri partecipanti Andere aanwezigen/Outros participantes Muut osallistujat/Övriga deltagare Gruppernes sekretariat PPE-DE Botella, Scheinert Sekretariat der Fraktionen PSE Garnier, Müller Γραµµατεία των Πολ. Οµάδων ELDR Sowerta Secretariat political groups Verts/ALE Denkinger Secr. de los grupos politicos GUE/NGL Pedersen Secr. Groupes politiques UEN Longuet Segr. dei gruppi politici EDD Boiten Secr. van de fracties NI .. Secr. dos grupos politicos Poliittisten ryhmien sihteeristö Gruppernas sekretariat Cab. du Président Cab. du Secrétaire Général .. Generaldirektorat I .. Generaldirektion II .. Γενική ∆ιεύθυνση III Fernandez-Hervas Directorate-General IV Patterson Dirección general V Direction générale VI Direzione generale VII Directoraat-generaal VIII Direcção-Geral Contrôle financier Service juridique Neergaad Pääosasto Generaldirektorat Udvalgssekretariatet Berton, Agathonos, Aguesse, Cazalet, Munoz, Puente, Schulz Ausschußsekretariat Γραµµατεία επιτροπής Committee secretariat Secretaria de la comisión Secrétariat de la commission Segretariato della commissione Commissiesecretariaat Secretariado da comissão Valiokunnan sihteeristö Utskottssekretariatet Assist./Βοηθός Barreiros * (P) =Formand/Pres./Πρόεδρος/Chairman/Président/Voorzitter/Puheenjohtaja/Ordförande (VP) =Næstform./Vize-Pres./Αντιπρόεδρος/Vice-Chairman/Vice-Président/Ondervoorz./Vice-pres/Varapuheenjohtaja/Vice ordförande. (M) =Medlem./Mitglied/Μέλος/Member/Miembro/Deputado/Membro/Lid/Membro/Jäsen/Ledamot (F) =Tjenestemand/Beamter/Υπάλληλος/Official/Funcionário/Fonctionnaire/Funzionario/Ambtenaar/ Functionαrio/Virkamies/Tjänsteman PE 333.091 6/6 PV\517736EN.doc Or. EN EN .