528

Resulta(a)t(en)

Woord(en)
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Datum

Amending capital requirements: The 'CRD-V package'

21-09-2018

In June 2018, the Parliament's Economic & Monetary Affairs Committee (ECON) voted its report on the legislative proposals amending the current Capital Requirements Directive and Regulation (the 'CRD-IV package') which set the prudential framework for financial institutions operating in the EU. The Council (Ecofin) achieved agreement on its position on the initiative in May. The proposed amendments to the package, now being discussed by the two institutions in trilogue, implement the most recent international ...

In June 2018, the Parliament's Economic & Monetary Affairs Committee (ECON) voted its report on the legislative proposals amending the current Capital Requirements Directive and Regulation (the 'CRD-IV package') which set the prudential framework for financial institutions operating in the EU. The Council (Ecofin) achieved agreement on its position on the initiative in May. The proposed amendments to the package, now being discussed by the two institutions in trilogue, implement the most recent international regulatory standards for banks, set by the Basel Committee on Banking Supervision ('Basel III framework'). They also address some regulatory shortcomings and aim to contribute to sustainable bank financing of the economy.

Review of the European Market Infrastructure Regulation (EMIR): Updated rules on supervision of central counterparties (CCPs)

20-09-2018

The increasing importance of central counterparties (CCPs) and challenges such as the United Kingdom's withdrawal from the EU call for a more comprehensive supervision of CCPs in EU and non-EU countries to secure financial market infrastructure and build confidence. In June 2017, the Commission proposed amendments to Regulation (EU) No 1095/2010 (ESMA – European Securities and Markets Authority) and Regulation (EU) No 648/2012 (EMIR – European Market Infrastructure), to strengthen the regulatory ...

The increasing importance of central counterparties (CCPs) and challenges such as the United Kingdom's withdrawal from the EU call for a more comprehensive supervision of CCPs in EU and non-EU countries to secure financial market infrastructure and build confidence. In June 2017, the Commission proposed amendments to Regulation (EU) No 1095/2010 (ESMA – European Securities and Markets Authority) and Regulation (EU) No 648/2012 (EMIR – European Market Infrastructure), to strengthen the regulatory framework: EU CCPs would be supervised by national authorities in agreement with ESMA, and third-country CCPs subject to different requirements depending on whether (or not) they are systemically important. The European Parliament Economic and Monetary Affairs Committee (ECON) adopted its report in May 2018. Review in Council is ongoing.

European Maritime and Fisheries Fund 2021-2027

19-09-2018

As part of the next EU budget framework for the 2021-2027 period, the European Commission published its proposal for a regulation on the European Maritime and Fisheries Fund (EMFF) on 12 June 2018. The new fund will continue to support the EU common fisheries policy and the Union's maritime policy. The proposal aims to simplify the delivery of the fund compared to the very complex legal framework in use for the current EMFF. It therefore presents a more flexible architecture: this would allow Member ...

As part of the next EU budget framework for the 2021-2027 period, the European Commission published its proposal for a regulation on the European Maritime and Fisheries Fund (EMFF) on 12 June 2018. The new fund will continue to support the EU common fisheries policy and the Union's maritime policy. The proposal aims to simplify the delivery of the fund compared to the very complex legal framework in use for the current EMFF. It therefore presents a more flexible architecture: this would allow Member States to use the funds where they see the greatest need, instead of being bound to a list of pre-defined measures and eligibility rules. Small-scale coastal fisheries and outermost regions would receive an increased preferential treatment. It further proposes increased support for international ocean governance and stronger synergies with other EU policies. The fund is also expected to contribute to the development of the blue economy and support the EU's climate objectives.

Road infrastructure safety management

19-09-2018

On 17 May 2018, the Commission adopted the proposal for a directive amending Directive 2008/96/EC on road infrastructure safety management. It is part of the third and last 'Europe on the Move' package that includes initiatives supporting the transition towards a safe, clean, automated and connected mobility for all. The revision, consistent with the goals laid down in the 2011 White Paper on Transport and in the Policy Orientations for Road Safety 2011-2020, was presented together with another legislative ...

On 17 May 2018, the Commission adopted the proposal for a directive amending Directive 2008/96/EC on road infrastructure safety management. It is part of the third and last 'Europe on the Move' package that includes initiatives supporting the transition towards a safe, clean, automated and connected mobility for all. The revision, consistent with the goals laid down in the 2011 White Paper on Transport and in the Policy Orientations for Road Safety 2011-2020, was presented together with another legislative proposal on vehicle and pedestrian safety and non-legislative initiatives to promote safe mobility. The general objective of the proposal, which seeks to address the shortcomings of the existing legislation, is to reduce both road fatalities and serious injuries by improving the safety performance of road infrastructure. It proposes key changes to strengthen road infrastructure safety management procedures and extends the scope of the directive beyond the trans-European transport network (TEN-T). First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

A new directive on work-life balance

14-09-2018

Despite significant progress for some social groups in the area of work-life balance, there has been a general trend of decline since 2011, and progress amongst Member States has been uneven. This proposed directive (complemented with non-legislative measures) should lead to the repeal of the existing Framework Agreement on Parental Leave, made binding by Council Directive 2010/18/EU (the Parental Leave Directive). The new directive contains proposals for paternity, parental and carers’ leave. Stakeholders ...

Despite significant progress for some social groups in the area of work-life balance, there has been a general trend of decline since 2011, and progress amongst Member States has been uneven. This proposed directive (complemented with non-legislative measures) should lead to the repeal of the existing Framework Agreement on Parental Leave, made binding by Council Directive 2010/18/EU (the Parental Leave Directive). The new directive contains proposals for paternity, parental and carers’ leave. Stakeholders have been divided over the level of ambition of the proposed measures. Both EU advisory committees have issued opinions and some national parliaments have expressed their reasoned and other opinions. The Council of the EU agreed a general approach in June 2018. During the September plenary session, the European Parliament confirmed the mandate for negotiations adopted by the Employment and Social Affairs Committee (EMPL), and trilogue negotiations have now started. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. Please note this document has been designed for on-line viewing.

New EU rules on labelling of tyres

14-09-2018

On 17 May 2018, the European Commission adopted a proposal for a new regulation on the labelling of tyres for the purposes of fuel efficiency, safety, and noise reduction. This would repeal and replace the 2009 Tyre Labelling Regulation (TLR), while maintaining and reinforcing most of its key provisions. The proposed regulation seeks to increase consumer awareness of the tyre label and improve market surveillance and enforcement of TLR provisions across the EU Member States. It would oblige suppliers ...

On 17 May 2018, the European Commission adopted a proposal for a new regulation on the labelling of tyres for the purposes of fuel efficiency, safety, and noise reduction. This would repeal and replace the 2009 Tyre Labelling Regulation (TLR), while maintaining and reinforcing most of its key provisions. The proposed regulation seeks to increase consumer awareness of the tyre label and improve market surveillance and enforcement of TLR provisions across the EU Member States. It would oblige suppliers to display the tyre label in all forms of purchase, including where the tyre is not physically shown in the store and where it is sold online or on a long-distance basis. Whereas the tyre label is currently only applicable to passenger and light-duty vehicles, in future it would also apply to heavy-duty vehicles. The new label would include visual information on tyre performance in snow or ice conditions, and could be adjusted by means of delegated acts to include information on mileage, abrasion or re-studded tyres. Some outdated label scales would be readjusted by means of delegated acts. From 2020, all tyre labels would be included in the product registration database being set up as part of the revised EU framework for energy efficiency labelling.

Building Competence in Commercial Law in the Member States

14-09-2018

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs, at the request of the European Parliament's Committee on Legal Affairs (JURI Committee), sheds light on cross-border commercial contracts and their operation in theory and practice. It describes the legal framework in which commercial contracts operate and analyses current commercial practice as regards choice of law and choice of forum. It concludes that the laws and the courts ...

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs, at the request of the European Parliament's Committee on Legal Affairs (JURI Committee), sheds light on cross-border commercial contracts and their operation in theory and practice. It describes the legal framework in which commercial contracts operate and analyses current commercial practice as regards choice of law and choice of forum. It concludes that the laws and the courts of some states are more popular than others and suggests to adopt a bundle of measures that will improve the settlement of international disputes in the EU. Among others, the study suggests to introduce an expedited procedure for cross-border commercial cases and to establish specialized courts or chambers for cross-border commercial matters in each Member State. In addition, the study suggests to establish a European Commercial Court.

Externe auteur

Prof. Dr. Giesela Ruhl

Sovereign bond-backed securities: Risk diversification and reduction

13-09-2018

As a part of the European regulatory responses to the financial and sovereign debt crises, the European Commission has proposed a regulation on sovereign bond-backed securities (SBBS), a new class of low-risk securities backed by a diversified pool of national government bonds. The proposal seeks to provide an enabling framework for a market-led development of SBBS, thus encouraging banks and investors to diversify their holdings of euro area bonds. The proposal is meant to address a weakness that ...

As a part of the European regulatory responses to the financial and sovereign debt crises, the European Commission has proposed a regulation on sovereign bond-backed securities (SBBS), a new class of low-risk securities backed by a diversified pool of national government bonds. The proposal seeks to provide an enabling framework for a market-led development of SBBS, thus encouraging banks and investors to diversify their holdings of euro area bonds. The proposal is meant to address a weakness that appeared during the aforementioned crises, when banks' high exposure to their sovereigns' own debt, coupled with deteriorating creditworthiness of those sovereigns, led to balance sheet strains for banks. This in turn put pressure on government budgets, thus creating mutual contagion and financial instability. The procedure is currently at the initial stage in the European Parliament and the Council. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Detailed technical measures for the definitive VAT system

13-09-2018

The common European value added tax (VAT) system was set up in 1967 and reformed to adapt it to the entry into force of the internal market in 1993. Therefore, the existing rules governing intra Community trade, which were intended to be transitory, are 25 years old. VAT is an important source of revenue for both national governments and the EU budget, but the current system is ill-adapted to the challenges of a modern economy. It presents such problems as vulnerability to fraud, high compliance ...

The common European value added tax (VAT) system was set up in 1967 and reformed to adapt it to the entry into force of the internal market in 1993. Therefore, the existing rules governing intra Community trade, which were intended to be transitory, are 25 years old. VAT is an important source of revenue for both national governments and the EU budget, but the current system is ill-adapted to the challenges of a modern economy. It presents such problems as vulnerability to fraud, high compliance costs for businesses, and a heavy administrative burden for national authorities. As part of the action plan on VAT, the European Commission adopted a new proposal in May 2018. This proposal would amend the VAT Directive (Directive 2006/112/EC) to introduce the detailed technical measures of the definitive VAT system for the intra-EU business to business (B2B) trade of goods. It is part of the action plan on VAT and follows another proposal that sets out the basic features of the reform of the common EU VAT system. Some aspects of the previous proposal were taken out of the negotiations to be examined with this one.

Rules for EU institutions' processing of personal data

12-09-2018

In the context of the comprehensive reform of the EU's legal framework for data protection, the Commission tabled a proposal in January 2017 for a 'regulation on the protection of individuals with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and the free movement of such data' and repealing the existing one (Regulation No 45/2001). The aim is to align it to the 2016 General Data Protection Regulation (GDPR) that has been fully applicable since ...

In the context of the comprehensive reform of the EU's legal framework for data protection, the Commission tabled a proposal in January 2017 for a 'regulation on the protection of individuals with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and the free movement of such data' and repealing the existing one (Regulation No 45/2001). The aim is to align it to the 2016 General Data Protection Regulation (GDPR) that has been fully applicable since 25 May 2018. Interinstitutional trilogue meetings, in which debate focused on also applying the regulation to operational data of EU bodies carrying out law enforcement activities, brought an agreement between the co-legislators in May. The compromise text is due to be voted by the Parliament in the September plenary session. Third edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Toekomstige activiteiten

24-09-2018
Brexit and industry and space policy
Workshop -
ITRE
24-09-2018
Third meeting of the Joint Parliamentary Scrutiny Group (JPSG) on Europol
Diverse activiteiten -
LIBE
24-09-2018
Education in the digital era
Hoorzitting -
CULT

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