2003/230/EC: Commission Decision of 11 December 2002 on the existing aid scheme that Italy was authorised to implement for the Trieste Financial Services and Insurance Centre (notified under document number C(2002) 4829) (Text with EEA relevance)

• Articles: 4

Article 1

The State aid which Italy was authorised to grant to the Trieste Financial Services and Insurance Centre, set up under Article 3 of Law No 19 of 9 January 1991, is incompatible with the common market.

Article 2

As from the date of notification of this Decision, Italy shall not adopt any measure designed to bring into operation the Trieste Financial Services and Insurance Centre and shall repeal Article 3 of Law No 19 within six months of the date of this Decision.

Article 3

Italy shall inform the Commission within six months of the date of notification of this Decision of the measures it has taken to comply with it.

Article 4

This Decision is addressed to the Italian Republic.

Done at Brussels, 11 December 2002.

For the Commission

Mario Monti

Member of the Commission

(1) OJ C 115, 16.5.2002, p. 9.

(2) Commission notice on the application of the State aid rules to measures relating to direct business taxation (OJ C 384, 10.12.1998, p. 3).

(3) Decision 95/452/EC, 12.4.1995 (OJ L 264, 7.11.1995).

(4) See footnote 3.

(5) OJ L 83, 27.3.1999, p. 1.

(6) See footnote 1.

(7) OJ C 2, 6.1.1998, p. 1.

(8) See footnote 3.

(9) Case 142/87 [1990] ECR-I-959, paragraph 35.

(10) See footnote 1.

(11) See, for instance, Article 45 of the Europe Agreement between the European Communities and their Member States and the Czech Republic (OJ L 360, 31.12.1994), which entered into force on 1 February 1995.

(12) European Council meeting on 24 and 25 March 1999.

(13) Council Regulation (EC) No 1266/1999 of 21 June 1999 on coordinating aid to the applicant countries in the framework of the pre-accession strategy (OJ L 161, 26.6.1999) and Council Regulation (EC) No 1267/1999 of 21 June 1999 establishing an instrument for structural policies for pre-accession (OJ L 161, 26.6.1999).