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.