§ Sir Trevor SkeetTo ask the Secretary of State for Trade and Industry if he will list European Community company law directives that have been enacted, considered and planned over the last decade with approximate dates of imposition.
§ Mr. RedwoodThe following European Community company law directives have been adopted since 1980:462W
Directive Implementation date Directive revising the amounts expressed in ECU in the Fourth Company Law Directive 1984 Sixth Company Law Directive on the division of public liability companies 1 January 1986 Seventh Company Law Directive on consolidated accounts 1 January 1988 Eight Company Law Directive on the qualification of auditors 1 January 1988 Eleventh Company Law Directive on branch accounts 1 January 1992 Twelfth Company Law Directive on single member private limited companies 1 January 1990 Directive co-ordinating regulations on insider dealing 1 June 1992 Directive on the disclosure of information on major holdings in listed companies 1 January 1991 Directive on the accounts of banks 31 December 1990 Directive on the accounts of bank branches 1 January 1991 The following proposed directives have been considered since 1980, but have not yet been adopted, and no implementation dates have yet been set: Proposed Fifth Company Law Directive on the structure and management of PLC's. Proposed Tenth Company Law Directive on cross-border mergers of PLC's. Proposed Thirteenth Company Law Directive on takeovers. Proposal to amend the Fourth and Seventh Company Law Directives with respect to small and medium sized enterprises (SMEs) and to accounts in ECU. Proposal to extend the Fourth and Seventh Company Law Directives to certain partnerships and unlimited companies. Proposed Directive on employee involvement complementing the Proposed Regulation on the European Company Statute.