Commission Calls Cyprus for Harmonisation With Credit Purchasers Directive

Commission Calls Cyprus for Harmonisation With Credit Purchasers Directive

A Letter of Formal Notice Is the First Stage of an Infringement Procedure Regarding Cases of Non Compliance of Member States With EU Law

The European Commission calls on Cyprus and another 11 member states to to complete the transposition into national law of the Directive on credit servicers and credit purchasers, noting that if the countries don’t take the necessary measures it could refer the cases to the Court of Justice of the European Union. The case is included in the European Commission’s July package of infringement decisions.

Cyprus is also one of nine member states that received letters of formal notice asking them to complete the transposition into national law of amendments to the Bank Recovery and Resolution Directive.

Also, all 27 member states, including Cyprus, received letters of formal notice from the Commission for their failure to meet waste collection and recycling targets.

A letter of formal notice is the first stage of an infringement procedure regarding cases of non compliance of member states with EU law. If member states do not address the shortcomings in time, the Commission can send a reasoned opinion. If once again the response is not satisfactory, the Commission can appeal to the Court of Justice which can impose fines on member states.

Most cases are closed without ending up at the Court of Justice. For example, this package includes 72 cases which have been closed by the Commission since the issues identified were addressed. Five of these cases are related to Cyprus, and deal with internal market, health and food safety, environment, mobility and transport and communications and technology.

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