Introductory text

United Kingdom

Commission Decision

of 16 May 2006

setting up an expert group on customer mobility in relation to bank accounts

(2006/355/EC)

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Whereas:

(1)

Article 3 of the Treaty establishing the European Community assigned the European Community the task of ensuring the creation of an internal market characterised by the abolition, as between Member States, of obstacles to the free movement of goods, persons, services and capital.

(2)

The Commission wishes to identify any legal, regulatory, administrative and other obstacles to customer mobility in relation to bank accounts, and to be advised on how to address these obstacles.

(3)

The White Paper on the Financial Services Policy 2005-2010^f1 provides for the setting up of an expert group on customer mobility in relation to bank accounts.

(4)

The group must be made up of individuals having expertise in the area of customer mobility in relation to bank accounts.

(5)

The expert group on customer mobility in relation to bank accounts therefore has to be set up and its terms of reference and structures detailed,

HAS DECIDED AS FOLLOWS:

Annotations

Footnotes

f1: COM(2005) 629 final.