Possibility of accelerated legislation within the EU. The Council or the European Parliament prepares a proposal for a directive or a regulation. Subsequently, this proposal is discussed by certain committees (hence the name), which are staffed with representatives of the member governments, and, after adoption by the Council or the Parliament, implemented and also monitored. This is important in the case of financial markets, where there are several international operating committees. – Cf. Annual Report 2002 of BaFin, p. 45 f. (on p. 46, a multicolored flow chart explaining the procedure).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/