Judgment_paragraph 235 · Finanziaria d'investimento Fininvest SpA (Fininvest) and Silvio Berlusconi v European Central Bank (T-913/16)

235In addition, the second subparagraph of Article 22(2) of Directive 2013/36 provides that the assessment procedure must be completed within 60 working days. That provision was already to be found in Directive 2007/44/EC of the European Parliament and of the Council of 5 September 2007 amending Council Directive 92/49/EEC and Directives 2002/83/EC, 2004/39/CE, 2005/68/EC and 2006/48/EC as regards procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase of holdings in the financial sector (OJ 2007 L 247, p. 1), recital 7 of which explained that the imposition of an assessment period of no more than 60 days was justified by the need to ensure the clarity and predictability of the assessment procedure.

Finanziaria d'investimento Fininvest SpA (Fininvest) and Silvio Berlusconi v European Central Bank (T-913/16)

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