The European Parliament adopted last Thursday the Code of Conduct for MEPs. The code, which will come into force on January 1, 2012, defines the conflict of interests and stipulates the possibility to impose sanctions on MEPs, including the suspension or even the termination of their mandate. According to a release by MEP Monica Macovei, the code clearly stipulates that MEPs must not receive money or advantages in exchange for their vote or for their legislative and political activity within the European Parliament. Furthermore, according to the new regulations, MEPs are under obligation to file a statement of interests.
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