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The crypto-asset sector, while still relatively new, has already changed the world of payments and investment forever. The fast-changing, mobile nature of the sector and its growing market prominence poses challenges, however, for tax authorities, which are not always able to track the capital gains made from trading crypto-assets. On 8 December 2022, the European Commission proposed to set up a reporting framework which would require crypto-asset service providers to report transactions made by ...

The proposal to revise the market stability reserve (MSR) for the EU emissions trading system (ETS) consists of prolonging its current parameters. Under the current rules, the intake rate of allowances to the MSR and the minimum allowances placed in the reserve have been doubled until the end of 2023, to allow for a quick removal of surplus EU ETS allowances. The proposal is aimed at maintaining the current doubled intake rate (24 %) and minimum number of allowances placed in the reserve (200 million ...

Stratospheric ozone absorbs ultraviolet radiation from the sun and reduces the overall amount of radiation reaching the Earth's surface. Ozone-depleting substances (ODS) are human-made chemicals that, once emitted, reach the upper atmosphere and destroy the protective ozone layer, causing what is known as the ozone hole. They have significant adverse impacts on human health and the environment and are also greenhouse gases with high global warming potential. Regulation (EC) No 1005/2009 on substances ...

The 2014 Regulation on electronic identification and trust services for electronic transactions in the internal market (eIDAS Regulation or eIDAS) was the first digital identity legislation to provide the basis for cross-border electronic identification, authentication and website certification throughout the EU. Application of eIDAS has been mixed. However, the pandemic increased the need for such solutions to be put in place to access public and private services. On 3 June 2021, the Commission ...

Two European Union (EU) directives regulate the EU collective investment funds industry, the Directive relating to undertakings for collective investment in transferable securities (UCITS) and the Alternative Investment Funds Manager Directive (AIFMD). The UCITS, which covers mutual funds, lays down uniform rules, allowing them to be offered cross-border, while the AIFMD, which covers hedge funds and private equity, lays down the rules for authorising, supervising and overseeing the managers of such ...

Most goods require packaging at several stages of their product life. Today, the diversity of packaging items and materials is considerable. Between 2009 and 2020, the total mass of packaging waste generated in the EU rose by 20 %. The Packaging and Packaging Waste Directive (PPWD – Directive 94/62/EC) lays down measures to prevent the production of packaging waste, and to promote reuse of packaging and recycling and other forms of recovering packaging waste. It also sets out the requirements that ...

The IA provides a good overview of the problems relating to packaging and packaging waste, and the possible impacts of the various measures proposed to address the problems. In its assessment, which is both qualitative and quantitative, the IA relies on a wealth of data sources and modelling. However, it does not clearly indicate the IA supporting studies and their full references; this would have improved transparency. The IA presents three policy options, which are partially incremental and cannot ...

During the second part-session of March 2023, the European Parliament is expected to vote on the political agreement on the proposed regulation on general product safety reached in trilogue negotiations on 28 November 2022. This new regulation will replace the current General Product Safety Directive. It addresses the product safety challenges of emerging technologies, including the use of artificial intelligence (AI) and connected devices, and establishes clear obligations for online marketplaces ...

The current Machinery Directive (Directive 2006/42/EC) was designed to allow the free movement of machinery within the internal market, while ensuring a high level of user health and safety. To reduce the occurrence of accidents, it promotes the inherently safe design and construction of machinery, and proper installation and maintenance. On 21 April 2021, the Commission put forward a proposal for a regulation on machinery products, as part of a wider 'artificial intelligence package'. The need for ...

As part of the 'Fit for 55' package, the Commission proposed a revision to the EU's emissions trading system (ETS) as regards carbon dioxide emissions from aviation. The proposal seeks to ensure that the sector contributes to the EU's climate targets through increased auctioning of allowances, with an end to free allowances from 2027, and by applying the linear reduction of aviation allowances. The proposal would also integrate, into the revised ETS, the International Civil Aviation Organization's ...