The regulation is the first measure in a programme of mutual recognition of law and court decisions decided at the EU?s justice and home affairs summit in Finland two years ago.
And in an important amendment to the rule, the asset-freezing order would apply to all cases which are punishable by a custodial sentence of at least six months and not just drug trafficking, EU budget fraud, money-laundering, currency counterfeiting and corruption or trafficking of humans as had originally been planned.
There was also a move to bring the measure into force six months early, on 30 June 2002. The full parliament will vote on the issue in October after which it will have to be agreed with government ministers of the 15 member countries.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel