The European Parliament the Council may adopt the act only if Parliament has given its consent to the act.
The European Parliament. 1. The European Parliament shall, jointly with the Council, exercise legislative and budgetary functions. It shall exercise functions of political control and consultation as laid down in the Constitution. It shall elect the President of the Commission.
2. The European Parliament shall be composed of representatives of the Union's citizens. They shall not exceed seven hundred and fifty in number. Representation of citizens shall be degressively proportional, with a minimum threshold of six members per Member State. No Member State shall be allocated more than ninety-six seats. The European Council shall adopt by unanimity, on the initiative of the European Parliament and with its consent, a European decision establishing the composition of the European Parliament, respecting the principles referred to in the first subparagraph.
3. The members of the European Parliament shall be elected for a term of five years by direct universal suffrage in a free and secret ballot.
4. The European Parliament shall elect its President and its officers from among its members.
1. The European Council shall provide the Union with the necessary impetus for its development and shall define the general political directions and priorities thereof. It shall not exercise legislative functions.
2. The European Council shall consist of the Heads of State or Government of the Member States, together with its President and the President of the Commission. The Union Minister for Foreign Affairs shall take part in its work.
3. The European Council shall meet quarterly, convened by its President. When the agenda so requires, the members of the European Council may decide each to be assisted by a minister and, in the case of the President of the Commission, by a member of the Commission. When the situation so requires, the President shall convene a special meeting of the European Council.
4. Except where the Constitution provides otherwise, decisions of the European Council shall be taken by consensus.
1. The European Council shall elect its President, by a qualified majority, for a term of two and a half years, renewable once. In the event of an impediment or serious misconduct, the European Council can end his or her term of office in accordance with the same procedure.
2. The President of the European Council:
(a) shall chair it and drive forward its work;
(b) shall ensure the preparation and continuity of the work of the European Council in cooperation with the President of the Commis...
The European Parliament. Article 223
1. The European Parliament shall draw up a proposal to lay down the provisions necessary for the election of its Members by direct universal suffrage in accordance with a uniform procedure in all Member States or in accordance with principles common to all Member States. The Council, acting unanimously in accordance with a special legislative procedure and after obtaining the consent of the European Parliament, which shall act by a majority of its component Members, shall lay down the necessary provisions. These provisions shall enter into force following their approval by the Member States in accordance with their respective constitutional requirements.
2. The European Parliament, acting by means of regulations on ist own initiative in accordance with a special legislative procedure after seeking an opinion from the Commission and with the consent of the Council, shall lay down the regulations and general conditions governing the performance of the duties of its Members. All rules or conditions relating to the taxation of Members or former Members shall require unanimity within the Council. The European Parliament and the Council, acting in accordance with the ordinary legislative procedure, by means of regulations, shall lay down the regulations governing political parties at European level referred to in Article 10(4) of the Treaty on European Union and in particular the rules regarding their funding. The European Parliament may, acting by a majority of its component Members, request the Commission to submit any appropriate proposal on matters on which it considers that a Union act is required for the purpose of implementing the Treaties. If the Commission does not submit a proposal, it shall inform the European Parliament of the reasons.
The European Parliament. Moving Toward Democracy in the EU, (Maryland: Rowman and Litlefield Publishers, 2002), chapter two.
The European Parliament. The Commission replies to all type of questions put forward by the European Parliament or by its Members. Therefore, any question related to the Agency, regardless of whether it concerns the management of the administrative or operational appropriations, is replied by the Commissioner responsible for the activity of the Agency to which the question relates. To that end the Director of the Agency sends all the relevant information to the concerned parent DGs and keeps the Steering Committee of the Agency informed.
The European Parliament. The European Parliament, which shall consist of representatives of the peoples of the States brought together in the Community, shall exercise the supervisory powers which are conferred upon it by this Treaty.
The European Parliament and the Council of the European Union approved a directive (the “AIFM Directive”) on alternative investment fund managers (“AIFM”) on 11 November 2010. The deadline for European Union Member States to transpose the AIFM Directive into national law, 22 July 2013, has passed. As an entity with its registered office outside the EU, the Manager will be affected by the AIFM Directive only to the extent that the Manager conducts relevant management and marketing activities within the EU. Accordingly, the Manager may not be subject to the provisions of the AIFM Directive in its management of the portfolio of the Cell and the protections for investors provided by the Directive may therefore not be available to investors in the Cell. Participating Shareholders should note that the provisions of the AIFM Directive will limit the ability of the Cell, as an investment fund not established in the EU which is managed by a non-EU manager, to be marketed to EU professional investors. These may have the consequence of, amongst other things, the Cell not benefitting from economies of scale that might otherwise have been achieved. Whilst the Manager may consider utilising the national private placement rules in EU member states when marketing the Cell for as long as they remain available, AIFMD may provide an option for the Manager to actively market Participating Shares within the EU to professional investors by applying for a passport. On 30 July 2015 the European Securities and Markets Authority (“ESMA”) announced the result of their assessment of Guernsey, along with Jersey and four other jurisdictions, as to its suitability to actively market Participating Shares within the EU through the EU passporting regime. The conclusion of ESMA’s assessment being that no obstacles exist to the extension of the passport to Guernsey; that opinion and advice has been sent to the European Parliament and Council for their consideration on whether to activate the relevant provision within AIFMD to extend the passporting regime through a Delegated Act. Should the Manager decide to obtain such a passport, when this becomes available, its ability to obtain such a passport will be subject to certain conditions. There is a risk that the Manager may not be able to fulfil the conditions required in order to obtain the relevant passport. In addition, in meeting conditions applicable under the AIFM Directive in order either to rely on the existing national private placement rules or to qualify f...
The European Parliament and the Council shall take decisions on transfers of appropriations as provided for in paragraphs 3 to 6, except as otherwise provided in Title I of Part Two.
The European Parliament and the Council shall, acting in accordance with the ordinary legislative procedure and after consulting the Economic and Social Committee, issue directives or make regu lations setting out the measures required to bring about freedom of movement for workers, as defined in Article 45, in particular:
(a) by ensuring close cooperation between national employment services;
(b) by abolishing those administrative procedures and practices and those qualifying periods in respect of eligibility for available employment, whether resulting from national legislation or from agreements previously concluded between Member States, the maintenance of which would form an obstacle to liberalisation of the movement of workers;
(c) by abolishing all such qualifying periods and other restrictions provided for either under national legislation or under agreements previously concluded between Member States as imposed on workers of other Member States conditions regarding the free choice of employment other than those imposed on workers of the State concerned;
(d) by setting up appropriate machinery to bring offers of employment into touch with applications for employment and to facilitate the achievement of a balance between supply and demand in the employment market in such a way as to avoid serious threats to the standard of living and level of employment in the various regions and industries.
The European Parliament in its resolution of 12 April 2016 called for an ambitious and targeted review of the Directive, including on the scope.
