Brussels,

Monitoring of banking and finance directives

Adopting EU Directives into National Law

The EU's financial reform includes numerous directives that must be transposed into national law by member states. Countries are required to communicate the measures adopted to the European Commission. The Commission ensures these transpositions are correct and complete, taking action if necessary. Learn more about the Commission’s monitoring and enforcement.

Support and Monitoring

The Commission supports EU countries in the transposition process and monitors the adoption of necessary national measures. An overview of the transposition status for various financial directives is provided below.

Transposition Status

• Full Transposition Status (100%): Granted when all EU countries have notified complete transposition measures. Infringement proceedings may be initiated for late communication or incomplete/incorrect transposition.
• Partial Transposition Status: Occurs when not all Member States have notified transposition measures or when infringement proceedings are still open.

Examples of Directives

• Partial Transposition Status:
  • Amended MiFID II - Amended Markets in Financial Instruments Directive II (2019/2034/EU amended by Regulation 2022/858/EU)
  • Country by Country Reporting Directive (2021/2101/EU)
  • Credit Servicers and Credit Purchasers Directive (2021/2167/EU)
  • Disclosure of Income Tax Directive (2021/2101/EU)
  • Motor Insurance Directive (2021/2118/EU)
  • Motor Insurance Directive (2021/2118/EU) concerning the designation of a competent authority
• Full Transposition Status: The following directives have been fully transposed by all Member States, with no open infringement proceedings:
  • Accounting Directive (2013/34/EU)
  • Accounting Directive (Accession of Croatia) (2014/102/EU)
  • AIFMD-Alternative Investment Fund Managers Directive (2011/61/EU)
  • AMLD IV-Anti-Money Laundering Directive IV (2015/849/EU)
  • AMLD V-Anti-Money Laundering Directive V (2018/843/EU)Audit Directive (2014/56/EU)
  • BRRD-Bank Recovery and Resolution Directive (2014/59/EU)
  • BRRD amending Directive - Banking Creditors’ Hierarchy Directive, amending the Bank recovery and resolution Directive (2017/2399/EU)
  • BRRD II - Bank Recovery and Resolution Directive II (2019/879/EU)
  • Capital Market Recovery Directive (2021/338/EU)
  • Covered Bonds Supervision Directive (2019/2162/EU)
  • CRD IV - Capital Requirements Directive (2013/36/EU)
  • CRD V - Capital Requirements Directive (2019/878/EU) – concerning credit institutions
  • CRD V - Capital Requirements Directive (2019/878/EU) – concerning investment firms
  • Crowdfunding Service Providers Directive (2020/1504/EU)
  • Credit ratings - Over-Reliance on Credit Ratings Directive (2013/14/EU)
  • Cross-Border Distribution of Investment Funds Directive (2019/1160/EU)
  • DGSD - Deposit Guarantee Schemes Directive (2014/49/EU)
  • ESAs Review Directive - Amending Solvency II (2019/2177/EU)
  • ESAs Review Directive - Amending Solvency II, MiFID II and AMLD IV (2019/2177/EU)
  • FICOD - Financial Conglomerates Directive (2011/89/EU
  • )IDD - Insurance Distribution Directive (2016/97/EU)
  • IFD - Prudential Supervision of Investment Firms Directive (2019/2034/EU)
  • IORP 2 - Occupational Retirement Provisions Directive
  • KID in UCITS Directive (2021/2261/EU)
  • Market abuse - Implementing Directive of Market Abuse Regulation (2015/2392/EU)
  • MIFID II - Markets in Financial Instruments Directive II (2014/65/EU)
  • Mortgage Credit Directive (2014/17/EU)
  • NFRD - Non-Financial Reporting Directive (2014/95/EU)
  • Omnibus I Directive (2010/78/EU)
  • Omnibus II Directive (2014/51/EU)
  • PAD - Payment Accounts Directive (2014/92/EU)
  • PSD 2 - Payment Services Directive (2015/2366/EU)
  • Solvency II Directive (2009/138/EC)
  • Transparency Directive (2013/50/EU)
  • UCITS Directive (2014/91/EU)
  • UCITS Implementing Directive (2010/44/EU)

Transposition Status Bars

The progress of transposition measures is regularly updated on specific pages, showing how well EU Member States have adopted the necessary measures by the regulatory deadline.