COUNCIL DIRECTIVE of 28 June 1973 on the abolition of restrictions on freedom of establishment and freedom to provide services in respect of self-employed activities of banks and other financial institutions (73/183/EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 54 (2) and (3), Article 61 (2) and Article 63 (2) and (3) thereof;
Having regard to the General Programme for the abolition of restrictions on freedom of establishment (1), and in particular Title IV A thereof;
Having regard to the General Programme for the abolition of restrictions on freedom to provide services (2), and in particular Title V C 2 (b) thereof;
Having regard to the proposal from the Commission;
Having regard to the Opinion of the European Parliament (3);
Having regard to the Opinion of the Economic and Social Committee (4);
Having regard to the Opinion of the Monetary Committee;
Whereas, as regards banks and other financial institutions, the General Programmes provide for the abolition, before the end of the second year of the second stage, of restrictions on freedom of establishment and freedom to provide services not linked with capital movements and the abolition, at the same rate as the liberalization of capital movements, of restrictions on banking services linked with such capital movements;
Whereas, as regards services linked with capital movements, a series of closely specified activities should be liberalized in an initial stage, having regard to the Opinion of the Monetary Committee ; whereas the list of such activities will be supplemented, particularly on the basis of progress in liberalizing capital movements;
HAS ADOPTED THIS DIRECTIVE: