ACCTG 1 Lecture Notes - Lecture 17: Environmental Policy, Titanium Dioxide, Erasmus Programme

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Two main types of legislation: regulations and directives. Key questions: whether eu can act (conferral, subsidiarity, how it should act (subsidiarity, proportionality, how it acts in practice (legislative procedures) Key principle of conferral: the fact that eu has limited competences (transferred) is what mostly distinguishes it from. Under the principle of conferral, the union shall act only within the limits of the competences conferred upon it by the ms in the treaties to attain the objectives set out therein. Competences not conferred upon the union in the treaties remain with the ms. Eu has limited competences: only those conferred by ms. Broad (teleological) interpretation of competences: the court of justice decides whether the act adopted is in the competences of the eu? (from the eu perspective) See e. g. working time directive case - broad, expansive interpretation regulates the series of questions relating to the working time: uk action for annulments, they don"t think eu had the legal basis;

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