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Europe Daily Bulletin No. 8381

18 January 2003
Contents Publication in full By article 24 / 42
GENERAL NEWS / (eu) eu/usa/economic governance
European accountancy experts consider rules proposed for application of Sarbanes-Oxley Act for independent auditing as excessive

Brussels, 17/01/2003 (Agence Europe) - In its comments to be addressed this week to the Federation of European Accountants (FEA) strongly criticised the rules proposed by the Security and Exchange Commission (SEC) the US Exchange Commission for implementing the controversial "Sarbanes-Oxley Act", which last year the USA set up to ensure the independence of its auditors and restore investor confidence in the stock market. In a letter to Jonathan Katz, Secretary of SEC, the FEA explain that...

Contents

THE DAY IN POLITICS
(EU) EU/CONVENTION: Convention spokesperson indicates that drafting of first articles begun by Praesidium constitutes clarification exercise that will not bring changes to distribution of EU and Member State competence nor rigid list of competencies
(EU) EU/GREEK PRESIDENCY/NATO/IRAQ:
(EU) EU/CONVENTION/FRANCE-GERMANY: Further reactions, mostly negative, to Franco-German institutional proposals - Absolute majority of EP in favour of Parliament electing Commission President
(EU) EU/ENLARGEMENT: Simultaneous referenda in Slovenia on 23 March on EU and NATO accession - 67% of Norwegians would like to join the EU
(EU) EU/CONVENTION/STUDENTS: student Convention in Paris, with VGE, Pierre Raffarin, Dominique de Villepin, Michel Barnier, Ana Palacio, Danuta Hübner, Peter Balasz
(EU) EU/CONVENTION/YOUTH: 210 italian youngsters support federal constitution- Mr FINI agrees to hold referenduM -Mr Spini asks young people to give opinion on name for future Europe
(EU) EE/INSTITUTIONS/REGIONS: president of Committee of the regions welcomes support of Napolitano report for enhancing regions' role in europe
(EU) EP/NORTH KOREA: Invitation to respect NPT
(EU) EP/CHECHNYA: Russia urged to resume negotiations on renewal of OSCE mandate
(EU) EP/EQUATORIAL-GUINEA:
(EU) EU/BALKANS/ESDP:
(EU) EU/BALKANS/GREEK PRESIDENCY:
GENERAL NEWS
(EU) EU/ECOFIN COUNCIL: Tuesday's meeting to focus on savings tax and German, French and Italian finance
(EU) EU/TRANSPORT: European Commission wants to improve and enhance provisions concerning minimum level of training for seafarers
(EU) EU/AGRICULTURE: Franz Fischler confirms next week's presentation of updated project for CAP reform to be examined by Fifteen during Agriculture Council on 27 and 28 January
(EU) EU/COMPETITION: News Corp plans concessions for obtaining go-ahead to merger between its subsidiary Stream and Telepiu
(EU) EU/COMPETITION/DEFENCE: Acquisition of Qinetiq by Carlyle is cleared
(EU) EU/COMPETITION: State Street Corporation is authorised to acquire GSS
(EU) EU/EXCISE: Commission calls on France to comply with Court's ruling condemning differential taxation of dark and Virginia-type tobacco
(EU) EU/CIVIL LAW: Commission intends to modernise and transform "Rome I" Convention into Community instrument in contractual obligations
(EU) EU/CULTURE:
(EU) EU/AUDIO-VISUAL:
(EU) EU/COMPETITION: Schneider introduces compensation measures against Commission
(EU) EU/USA/ECONOMIC GOVERNANCE: European accountancy experts consider rules proposed for application of Sarbanes-Oxley Act for independent auditing as excessive
(EU) EU/BANGLADESH: Commission sets framework and priorities for co-operation with the country, to the tune of 411.5 million euro over three years
(EU) EU/EIB: Loan to improve treatment of drinking water and environmental protection in Morocco
(EU) EU/INDIA/WTO: Indian appeal over European surtaxes on the import of bed linen
(EU) EU/ENTERPRISE: Commission holds seminar on Entrepreneurship and Small and Medium-Sized Enterprises after adoption of SME package
(EU) EU/TAXATION: Commission pursues VAT - infringement procedures against Belgium, France and Spain
(EU) EU/COMPETITION:
(EU) EP/NORTHERN DIMENSION: Parliament wants more social and environmental considerations in Community Northern policy
(EU) EP/ECONOMY: EP Calls for directive on compensation and delivery versus payment mechanisms in EU
(EU) EP/HEALTH:
(EU) EP/EBRD: Support for European Bank's reconstruction and development activities
(EU) EP/INTERNAL MARKET:
(EU) EU/ASYLUM/EURODAC:
(EU) EP/FISHERIES: Parliament requests more support for fish farms - against introduction of genetically modified fish in EU
(EU) EP/FISHERIES:
(EU) COURT OF THE FIRST INSTANCE: Basque organisation, SEGI, protests against being put on list of terrorist associations
(EU) EU/EDUCATION: EUR 4.7 million for preparing Turkey's participation in EUR 4.7 million is provided by the European Union and the remainder by Turkey
TIMETABLE
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€ VALUE IN DIFFERENT CURRENCIES ON 17/01/2003: