To ask the Chancellor of the Exchequer pursuant to the answer of 15 March 2007, Official Report, column 474W, on financial services: EC law, which other European Union member states have transposed the Markets in Financial Instruments Directive since 31 January; and when the Government expects those states which have not yet transposed the Directive to do so. (130211)

The Commission has asked all member states to confirm when they will complete transposition of the two MiFID directives and this information is available at

http://ec.europa.eu/internal_market/securities/isd/mifid_implementation_en_htm.

According to the responses provided so far to the Commission on the above website, as of November 2004 the UK, Ireland and Rumania had reported that they had fully transposed both MiFID directives. Lithuania reported it had transposed the level 1 MiFID directive. And by the end of the summer, the majority of countries plan to have completed transposition.