Directive 85/611/EEC
Article 9
Directive 85/611/EEC is hereby amended as follows: 1. Article 6c shall be amended as follows: (a) in paragraph 9, the second sentence shall be replaced by the following: ‘Every two years the Commission shall issue a report on such cases.’; (b) in paragraph 10, the second sentence shall be replaced by the following: ‘Every two years the Commission shall issue a report on such cases.’; 2. in Article 14(6), the second subparagraph shall be deleted; 3. in Article 21(4), the third sentence shall be replaced by the following: ‘Such information shall be the subject of exchanges of views within the European Securities Committee.’; 4. in the third subparagraph of Article 22(4), the fourth sentence shall be replaced by the following: ‘Such communications may be the subject of exchanges of views within the European Securities Committee.’; 5. the title of Section X shall be replaced by the following: ‘European Securities Committee’; 6. Article 53 shall be deleted; 7. Article 53a shall be replaced by the following: ‘ Article 53a The technical amendments to be made to this Directive in the following areas shall be adopted in accordance with the procedure referred to in Article 53b(2): (a) clarification of the definitions in order to ensure uniform application of this Directive throughout the Community; (b) alignment of terminology and the framing of definitions in accordance with subsequent acts on UCITS and related matters.’; 8. the following Article shall be inserted: ‘ Article 53b 1. The Commission shall be assisted by the European Securities Committee instituted by Commission Decision 2001/528/EC ( *6 ) , hereinafter “the Committee”. Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC ( *7 ) shall apply, having regard to the provisions of Article 8 thereof. The period laid down in Article 5(6) of Decision 1999/468/EC shall be set at three months. 3. The Committee shall adopt its rules of procedure. ( *6 ) OJ L 191, 13.7.2001, p. 45 . Decision as amended by Decision 2004/8/EC ( OJ L 3, 7.1.2004, p. 33 )." ( *7 ) OJ L 184, 17.7.1999, p. 23 .’ "