6. Without prejudice to the powers of the Commission under Article 258 TFEU, where a competent authority does not comply with the formal opinion referred to in paragraph 4 within the period of time specified therein, and where it is necessary to remedy in a timely manner such non compliance in order to maintain or restore neutral conditions of competition in the market or ensure the orderly functioning and integrity of the financial system, the Authority may, where the relevant requirements of the acts referred to in Article 1(2) are ...[+++]directly applicable to financial market participants, adopt an individual decision addressed to a financial market participant requiring the necessary action to comply with its obligations under Union law including the cessation of any practice.

9. Deeply regrets the fact that so many and such heavy losses have occurred during recent natural disasters in certain Member States and considers it necessary, in consequence, to examine immediately the adequacy of prevention and preparedness measures in order to ensure that the necessary lessons are drawn with a view to preventing and limiting the devastating effects of similar disasters in Member States in the future; in this regard, urges the Commission to ask Member States to supply details of their operational programmes in place for dealing with natural disasters, with a view to exchanging experience and drawing conclusions on im ...[+++]mediate measures, coordination of administrative and operational bodies, and availability of the necessary human and material resources;

It need not necessarily be as quick as in the take-over of Dutch and Belgian banks within 24 hours, while the same process requires 24 months for German banks, but I would still ask that this checking process be carried out rapidly and purposefully.

Technical and scientific progress may make necessary the rapid adaptation of some of the requirements laid down in Annex I. In order to facilitate the introduction of the measures required for this purpose, a procedure should be laid down establishing close cooperation between the Member States and the Commission.

Looking ahead to the next steps, the Commission is willing to contribute anything that will help reach a settlement rapidly and to prepare the measures needed for the speedy adoption of Community law in the northern part of the island.

8. Urges the Commission and the Council to join the European Parliament in its efforts to speed up the necessary comprehensive and far-reaching reform of European Food Policy as discussed in the context of the deliberations on the Commission's Green Paper on 'The General Principles of Food Law in the European Union' (COM(97)0176); calls on the Commission and Council to put forward and adopt the necessary legislative proposals without further delay;