The experience with the temporary mechanisms demonstrates that Commission involvement is not only possible, but essential.

The Commission’s intentions in drawing up plans to encourage Member States to introduce an EU minimum wage policy and set retirement mechanisms are going against the Treaties.

56. Stresses that the application of the clause as it currently stands in Free Trade Agreements (FTAs) due to come before Parliament in the near future provides an opportunity for Parliament itself to explore the potential for setting human rights benchmarks in advance of ratification, in order to achieve concrete and verifiable progress in respect for human rights; reiterates its call on the Commission to draft a new ‘model clause’ referring to the parties' international obligations, comprising a procedure for consultation and specifying political and legal mechanisms to be use ...[+++]d in the event of a request for cooperation to be suspended on the grounds of repeated or systemic human rights violations in breach of international law; takes the view that the enforcement mechanism of the human rights and democracy clause, as requested by Parliament, is the only way to ensure the genuine implementation of such clauses and should be considered as a preventive and alerting mechanism, setting up a dialogue between the EU and the partner country, and to be followed up with a monitoring mechanism; recommends that a clear and gradual system of sanctions be developed, without prejudice to possible final suspension; insists strongly on the need for Parliament to be a joint decision-maker with the Commission and the Council in this respect;

55. Stresses that the application of the clause as it currently stands in Free Trade Agreements (FTAs) due to come before Parliament in the near future provides an opportunity for Parliament itself to explore the potential for setting human rights benchmarks in advance of ratification, in order to achieve concrete and verifiable progress in respect for human rights; reiterates its call on the Commission to draft a new ‘model clause’ referring to the parties’ international obligations, comprising a procedure for consultation and specifying political and legal mechanisms to be use ...[+++]d in the event of a request for cooperation to be suspended on the grounds of repeated or systemic human rights violations in breach of international law; takes the view that the enforcement mechanism of the human rights and democracy clause, as requested by Parliament, is the only way to ensure the genuine implementation of such clauses and should be considered as a preventive and alerting mechanism, setting up a dialogue between the EU and the partner country, and to be followed up with a monitoring mechanism; recommends that a clear and gradual system of sanctions be developed, without prejudice to possible final suspension; insists strongly on the need for Parliament to be a joint decision-maker with the Commission and the Council in this respect;

Directive 2004/109/EC obliges the competent authorities of the Member States to draw up guidelines with a view to further facilitate public access to information to be disclosed under Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) , Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered tot he public or admitted to trading and amending directive 2001/34/EC and Directive 2004/109/EC of the European Parliament and of the Council and to create a single electronic network (hereinafter ‘the electronic network’) or a platform of electronic networks across Membe ...[+++]r States linking the different mechanisms appointed at national level for the storage of such information (hereinafter ‘the storage mechanisms’).

This mechanism demonstrated its efficiency and there is no need for further legal provisions in this regard.