This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.
Paragraph 1, the first subparagraph of paragraph 3, and paragraphs 4 and 5 of Article 8 shall apply with effect from 6 months after the date on which the Commission adopts the relevant implementing acts referred to in paragraphs 2 and 6 of that Article.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Strasbourg, 25 October 2011.
For the European Parliament
The President
J. BUZEK
For the Council
The President
M. DOWGIELEWICZ
(1) OJ C 132, 3.5.2011, p. 108.
(2) Position of the European Parliament of 14 September 2011 (not yet published in the Official Journal) and Decision of the Council of 10 October 2011.
(3) OJ L 211, 14.8.2009, p. 15.
(4) OJ L 211, 14.8.2009, p. 36.
(5) OJ L 96, 12.4.2003, p. 16.
(6) OJ L 211, 14.8.2009, p. 1.
(7) OJ L 55, 28.2.2011, p. 13.
(8) OJ L 145, 30.4.2004, p. 1.
(9) OJ L 331, 15.12.2010, p. 84.
(10) OJ L 211, 14.8.2009, p. 55.
(11) OJ L 211, 14.8.2009, p. 94.
(12) OJ L 193, 18.7.1983, p. 1.
(13) OJ L 345, 23.12.2008, p. 75.
(14) OJ L 281, 23.11.1995, p. 31.
(15) OJ L 8, 12.1.2001, p. 1.
COMMISSION STATEMENT
The Commission considers that the thresholds for reporting transactions within the meaning of Article 8(2)(a) and information within the meaning of Article 8(6)(a) cannot be set through implementing acts.
Where appropriate the Commission will come forward with a legislative proposal to set such thresholds.
COUNCIL STATEMENT
The EU legislator has conferred on the Commission implementing powers in accordance with Article 291 TFEU in relation to measures foreseen in Article 8. That is legally binding for the Commission despite the declaration it made in respect to Article 8(2)(a) and Article 8(6)(a).