New ethics rules in the European Parliament are not strict enough to ensure complete transparency on MEPs' outside interests, and therefore prevent potential conflicts of interest, shows the first analysis of declarations made under the code of conduct. 
The research conducted by Friends of the Earth Europe, and released today, reveals weaknesses in the new declaration system introduced in January in response to last year's 'cash for law' scandal. 
The questionable accuracy of the data provided by some MEPs, and the failure of some MEPs to treat the declaration seriously, means full transparency cannot yet be assured.
Friends of the Earth Europe, together with partners from the Alliance for Lobbying Transparency and Ethics Regulation (ALTER-EU), are recommending clear implementation rules to prevent fresh scandals .
Paul de Clerck of Friends of the Earth Europe, said: "We are encouraged to see that almost all MEPs have filled in their declaration, which suggests widespread awareness on the need for the European Parliament to improve its records on transparency and ethics. However, one in four MEPs claim to have had no occupation before entering the Parliament and this raises serious questions about the accuracy of the data provided and highlights the need for stricter monitoring of the declarations. Given the significant number of MEPs declaring outside interests, a review by President Schulz of the risks of potential conflicts of interest is very much needed."
Analysis of the declarations of interest of the 754 sitting MEPs found:
To improve the accessibility and accuracy of the information submitted by MEPs, Friends of the Earth Europe recommends:
The 'Code of conduct for Members of the European Parliament with respect to financial interests and conflicts of interest' entered into force on January 1, 2012. In accordance with the new guidelines all MEPs' declarations of interest had to be up to date by March 30.
 The full analysis 'Transparency in the European Parliament - Analysis of the Declarations of Financial Interest of Members of the European Parliament' is available here.
 At the time of the publication of the report, the two remaining MEPs have also uploaded their DoFI.