The Commission launched the first step in the infringement proceedings on 20 April 2007 against 23 Member States with respect to MiFID and against 24 Member States with respect to the implementing Directive by sending out letters of formal notice, which required Member States to give reasons for the delay in transposition.
Komisjon algatas 20. aprillil 2007 rikkumismenetluste esimese etapi 23 liikmesriigi vastu seoses finantsinstrumentide turgude direktiiviga ning 24 liikmesriigi vastu seoses selle rakendusdirektiiviga, saates neile ametlikud kirjad, milles paluti selgitada ülevõtmise hilinemist.