Enactment Monitoring

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Given SPI Romania's single-minded implementation orientation, we monitor enactment activities that take place after SPI Committee endorsement of a Project Working Group proposal very closely. Although enactment activities are not under SPI Romania control, we believe that transparency helps create accountabilities for results under the modernization program.

Graph 1 shows the financial impact (RIA) of the proposals endorsed by the SPI Committee currently under enactment and enacted respectively.

 

Table 1

Enactment Monitoring

Project

SPI Committee Endorsement

Communication to Relevant Ministry

Present Status within Ministry

Last Follow-up Action

Expected/actual Enactment

Anti- Money Laundering Law Amendment

April 27, 2007

May 14, 2007

MoJ published a draft law proposal for public consultations

October 4, 2007

December 2007

Law on Checks Amendment

April 27, 2007

April 27, 2007

MEF sent it to NBR for endorsement

October 25, 2007

March 2008

Law on Drafts and Promissory Notes Amendment

April 27, 2007

June 13, 2007

MEF sent it to NBR for endorsement

 

October 25, 2007

January 2008

Law on Safety Amendments

December 20, 2006

June 12, 2007

MoIA Internal Endorsement Procedure

 

September 20, 2007

December 2007

Rural Lending

 

         

Implementation Status Stages: Sponsoring Ministry Review, Cabinet Review, Parliamentary Review, Final Approval

Table compiled by the SPI Secretariat in collaboration with the General Department for Treasury and Public Debt, Ministry of Economy and Finance.

Table 2

Self-Regulatory Actions Monitoring

Project

SPI Committee endorsement

Communication to Relevant Stakeholder

Implementation Status

Last Follow-up Action

Expected Implementation

Ombudsman

April 27, 2007

June 13, 2007

Preparation of Implementation Documents

September 12, 2007

November 2007

Positive information sharing

December 20, 2006

January 16, 2007

Implemented

October 24, 2007

November 2007

Implementation Status Stages: Preparation of Implementation Documents, Implementation Documents Under Approval,Implemented

Table compiled by the SPI Secretariat in collaboration with the Association of Romanian Banks.