REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the application of Title III (Internal Borders) of Regulation (EC) No 562/2006 establishing a Community Code on the rules governing the movement of persons across borders (Schengen Borders Code) /* COM/2010/0554 final */

(30) The temporary reintroduction of border control at certain internal borders under a specific Union-level procedure could also be justified in the case of exceptional circumstances and as a measure of last resort where the overall functioning of the area without internal border control is put at risk as a result of persistent serious deficiencies relating to external border control identified in the context of a rigorous evaluation process in accordance with Articles 14 and 15 of Regulation (EU) No 1053/2013, where those circumstances would constitute a serious threat to public policy or internal security in that area or in parts ther ...[+++]eof.

An open internal market in securities settlement should allow any investor in the Union to invest in all Union securities with the same ease and using the same processes as for domestic securities.

(5) An open internal market in securities needs to provide complete reachability, meaning that any investor can invest in all Union securities with the same ease and by using the same familiar processes as for domestic securities.

(37b) While the provisions of this Regulation require some harmonisation of securities law they should not be considered sufficient for creating a fully coherent legal basis for securities settlement and the completion of the internal market in post trade services across the Union.

1. Notes that the responsibility of the Committee on the Internal Market and Consumer Protection in the budget procedure covers titles 12 (Internal market), 14 (Taxation and customs union) and 17 (Health and consumer protection);