European Union Directives
Financial Services Action Plan
Financial Services Action Plan Presentations
The Lamfalussy process
About Compliance LLC
Contact Us
 
 
Distance Learning and Online Certification Program - Become a Certified Risk and Compliance Management Professional
   ►  Distance Learning and Online Certification Program - Certified Information Systems Risk and Compliance Professional
 
European Directives and the Financial Services Action Plan (FSAP), from the International Association of Risk and Compliance Professionals (IARCP)
 
   
The European Union
The European Union (EU) constitutes a new legal order of international law for the benefit of which the EU member states have limited their sovereign rights.
 
Independently of the legislation of member states, community law not only imposes obligations on individuals but is also intended to confer upon them rights which become part of their legal heritage.
 
The decision-making triangle
1. The Council (representing national governments)
This is the Council of Ministers from the national governments of all the EU countries. The member states take in turns the Council Presidency for a six-month period. Meetings are attended by ministers responsible for the items to be discussed
 
2. The European Parliament (representing the people)
It is elected every five years.
 
3. The European Commission
It drafts proposals for new European laws, which it presents to the European Parliament and the Council
 
The European Union is based on the rule of law. The rules and procedures for EU decision-making are laid down in the treaties. Every new European law is based on a specific treaty article. This is the ‘legal basis’ of the proposed law.
 
The Co-decision procedure
This is the main legislative procedure by which directives are adopted.
Parliament shares legislative power equally with the Council. Both the Parliament and the Council are required to agree on an identical legal text, and only after that it becomes law.
 
Directives
A directive is a collective legislative act of the EU.
It describes a result. Member states must develop their own national legislation and do whatever is needed to achieve this result. 
Directives are binding on the member states to which they are addressed.
 
The Court of Justice
If a member state fails to pass the required national legislation, or if the national legislation does not comply with the directive, the Commission can initiate legal action against the member state in the European Court of Justice.
 
The Court of Justice is the judicial institution of the Community: Examines the legality of Community measures and ensures the uniform interpretation and application of Community law
 

Our Web Sites

 
Download Our Consulting and Training Services Catalog
 
Download Our Consulting and Training Services Catalog for Banks

Return to Index


Distance Learning and Online Certification
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm
 
The Cost:
US$ 297 for one person

What is included in this price:

A. The official presentations we use in our instructor-led classes (more than 1000 slides)
 
B. Up to 3 Online Exams
 
C. Personalized Membership Certificate printed in full colour.
Processing, printing, packing and posting to your office or home

  

 
Certified Risk and Compliance Management Professional (CRCMP) -
Distance Learning and Online Certification Program
 
Certified Information Systems Risk and Compliance Professional (CISRCP) -
Distance Learning and Online Certification Program
 
To learn more:
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm