Vol. 535 No. 4
165 Mrs. Owen asked the Minister for Finance the EU directives relevant to his Department which are awaiting implementation; the nature of the directive; when it was passed by the Council of Ministers; the final date for implementation; and if this deadline will be met. [13006/01]
There is only one EU directive awaiting implementation by my Department. The details are as follows. Directive 2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up, pursuit of and prudential supervision of the business of electronic money institutions, e-money directive – the main purpose of this directive is to provide the appropriate measures necessary to enable the co-ordination and harmonisation of member states' laws, regulations and administrative provisions relating to the taking up, pursuit and prudential supervision of electronic money, e-money, institutions. Electronic money is defined in the proposals as monetary value stored on a microchip card, pre-paid card or electronic purse, or on a computer memory, network or software money, and which is accepted as a means of payment by undertakings other than those of the issuer.
The directive, approved by the Council on 16 June 2000, states that the member states shall bring into force the laws, regulations and administrative provisions necessary to comply with the directive no later than 27 April 2002. I am pleased to report that we are on schedule to meet this deadline.
