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Commission Report (2002): Czech Republic
Legislative alignment in the area of data protection requires some further
adjustment. Information society legislation is largely aligned, with the
exception of the e-commerce directive. Further steps are needed to align
insurance legislation. Supervision of financial services continues to be
reinforced, in particular through legislative developments, for instance the
June 2002 amendment to the Securities Commission Act strengthening the
Regulator`s powers in line with the Action Plan. However, steps are still
needed to establish the independence of the Insurance Regulator and ensure
the financial independence of the Securities Commission. The Action Plan
states that the plans to establish a fully independent Insurance Regulator
are still under discussion. These should be conducted and acted upon to
ensure that the target of establishing an independent supervisory body by
2004 is met. The Office for Personal Data Protection is proving to be an
effective body although it is understaffed. The Action Plan details staffing
requirements for data protection, currently only 70 of the envisaged 90 posts
have been filled. The Accession Partnership priorities for the freedom to
provide services have been partially met. Implementation of the measures
under the Action Plan is mostly on track.
© European Commission
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