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How an EU Lifespan Guarantee Model Could Be Implemented Across the European Union

31-01-2017

This study was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee. It looks at the interrelation between the Consumer Sales and Guarantee Directive (CSD) and the Ecodesign Directive (EDD) with respect to guarantees and product expected lifetime. Through legal research and stakeholder surveys, it develops an EU lifespan guarantee model, which could be implemented by amendments to the proposal for an Online ...

This study was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee. It looks at the interrelation between the Consumer Sales and Guarantee Directive (CSD) and the Ecodesign Directive (EDD) with respect to guarantees and product expected lifetime. Through legal research and stakeholder surveys, it develops an EU lifespan guarantee model, which could be implemented by amendments to the proposal for an Online Sales Directive (OSD) and the EDD. It recommends extending the EDD to include the lifespan and extending the limitation period of the OSD. A commercial guarantee for the lifespan of a product is also suggested.

Parlamendiväline autor

Dr. Klaus TONNER; Prof. Rosalind MALCOLM

European Digital Guarantee

15-11-2016

The study analyses the inconveniences of paper receipts and guarantees that are lost or fade away. The collected evidence indicates that missing paper documents may result in problems for consumers in the enforcement of their rights. The study assesses e-receipt solutions already existing on the market and evaluates whether the regulation of such schemes could contribute to the Single Market. Some guidelines are given concerning a possible regulation of e-receipt schemes, including the impact of ...

The study analyses the inconveniences of paper receipts and guarantees that are lost or fade away. The collected evidence indicates that missing paper documents may result in problems for consumers in the enforcement of their rights. The study assesses e-receipt solutions already existing on the market and evaluates whether the regulation of such schemes could contribute to the Single Market. Some guidelines are given concerning a possible regulation of e-receipt schemes, including the impact of other fields of the EU law. This document was provided by Policy Department A at the request of the IMCO Committee.

Parlamendiväline autor

Michał BIENIAS (Traple, Konarski, Podrecki i wspólnicy), Piotr KWIATKOWSKI (University of Osnabruck), Hans SCHULTE-NÖLKE (University of Osnabruck), Anne-Katrin SUILMANN (University of Osnabruck) and Aneta WIEWIÓROWSKA-DOMAGALSKA (University of Osnabruck)

Reporting and transparency of securities financing transactions

20-10-2015

Securities financing transactions (SFTs) are a variety of secured transactions, which allow market participants to exchange assets temporarily, pledging them as guarantee for a funding transaction. They contribute significantly to the efficiency of financial markets, among others, by broadening and stabilising the money market, facilitating central bank operations, ensuring liquidity in the secondary debt market, contributing to more efficient settlement (through faster processing and failure prevention ...

Securities financing transactions (SFTs) are a variety of secured transactions, which allow market participants to exchange assets temporarily, pledging them as guarantee for a funding transaction. They contribute significantly to the efficiency of financial markets, among others, by broadening and stabilising the money market, facilitating central bank operations, ensuring liquidity in the secondary debt market, contributing to more efficient settlement (through faster processing and failure prevention), and allowing more efficient employment of capital.

Cornerstone of the Commission's Investment Plan – European Fund for Strategic Investments (EFSI)

17-06-2015

In its November 2014 Investment Plan for Europe, the Commission announced the establishment of a new European Fund for Strategic Investments (EFSI), to bridge the EU investment gap. EFSI would be financed by an initial €21 billion: €16 billion from the EU budget in the form of a guarantee to the European Investment Bank (EIB), and €5 billion from the EIB’s own resources. Through a multiplier effect estimated at 15:1, a total of at least €315 billion would be mobilised in additional investment over ...

In its November 2014 Investment Plan for Europe, the Commission announced the establishment of a new European Fund for Strategic Investments (EFSI), to bridge the EU investment gap. EFSI would be financed by an initial €21 billion: €16 billion from the EU budget in the form of a guarantee to the European Investment Bank (EIB), and €5 billion from the EIB’s own resources. Through a multiplier effect estimated at 15:1, a total of at least €315 billion would be mobilised in additional investment over the next three years. The EU guarantee for EFSI will, in part, be financed through cuts in the Connecting Europe Facility (CEF) and the Horizon 2020 programme, as well as from the unused margins in the EU's annual budget. In their joint report, the European Parliament's Economic and Monetary Affairs and Budgets Committees backed the plan, but opposed the planned cuts in CEF and Horizon 2020, and called for extended parliamentary control over EFSI's governance as well as over the project selection criteria. In a trilogue meeting on 28 May 2015, the Parliament and Council reached a compromise agreement on the proposed EFSI regulation. Under this agreement, the cuts in the budgets of CEF and the Horizon 2020 programme would be reduced.

Consumer Experience of Legal Guarantees - Transposition and Implementation of the Two Year Guarantee Contained in the Sales Directive

15-01-2009

Executive summary This study was tasked to investigate the level of consumer awareness of their warranty rights, to what extent consumers exercise these rights, as well as their experiences when using them, as implemented in their countries. The study focuses in particular on Article 3 and 5 of the Consumer Sales Directive (1999/44/EC), on time limits and on the remedies available to consumers. It looks at the available evidence Europe-wide, and examines through original qualitative research experiences ...

Executive summary This study was tasked to investigate the level of consumer awareness of their warranty rights, to what extent consumers exercise these rights, as well as their experiences when using them, as implemented in their countries. The study focuses in particular on Article 3 and 5 of the Consumer Sales Directive (1999/44/EC), on time limits and on the remedies available to consumers. It looks at the available evidence Europe-wide, and examines through original qualitative research experiences in three Member States – Italy, Poland and the United Kingdom. [...]

Parlamendiväline autor

Frank Alleweldt (Project director), Anna Fielder (Lead author), Steven Locke (Second reader), Senda Kara and Sara Buccino (Civic Consulting, Berlin, Germany)

Directive 1999/44/EC of 25 May 1999 - The Sale of Consumer Goods and Associated Guarantees - Situation on 1.9.2001

01-12-2001

Directive 1999/44 on certain aspects of the sale of consumer goods and associated guarantees is without doubt well-founded in relation to the objectives and logic of the EC Treaty. Yet two questions arise in relation to its transposition into the national legal systems. The first concerns the actual capacity of most Member States to observe the deadline for transposition of 1 January 2002 laid down in the directive. The second concerns the costs European enterprises will incur in transposing the ...

Directive 1999/44 on certain aspects of the sale of consumer goods and associated guarantees is without doubt well-founded in relation to the objectives and logic of the EC Treaty. Yet two questions arise in relation to its transposition into the national legal systems. The first concerns the actual capacity of most Member States to observe the deadline for transposition of 1 January 2002 laid down in the directive. The second concerns the costs European enterprises will incur in transposing the directive. National and Community studies have certainly contradicted some of the rather alarmist estimates of increased costs from those in the various trades and professions, but there is still some doubt as to the reliability of the forecasts from any source. It could, therefore, be useful to conduct a legal and economic follow-up as from 1 January 2002.

Parlamendiväline autor

Olivier Delattre, Robert Schuman Scholar

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