43

result(s)

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Publication type
Policy area
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Date

Updating the Crypto Assets Regulation and establishing a pilot regime for distributed ledger technology

03-03-2021

The markets in crypto assets (MiCA) proposal intends to adapt to the latest technological trends in the FinTech sector. The briefing analyses the strengths and weaknesses of the impact assessment (IA) accompanying the MiCA and DLT proposals. The IA is quite technical and difficult to read for a non-expert. The policy options were compared against the criteria of effectiveness, efficiency and coherence, but not against proportionality, which is required by the better regulation guidelines. The preferred ...

The markets in crypto assets (MiCA) proposal intends to adapt to the latest technological trends in the FinTech sector. The briefing analyses the strengths and weaknesses of the impact assessment (IA) accompanying the MiCA and DLT proposals. The IA is quite technical and difficult to read for a non-expert. The policy options were compared against the criteria of effectiveness, efficiency and coherence, but not against proportionality, which is required by the better regulation guidelines. The preferred option is a mix of various options, and one of the preferred options is transferred into another, new legislative proposal, i.e., on the DLT. The IA foresees cost reduction for business due to the use of DLT, which saves costs compared to the traditional trading activities, with new entrants facing one-off costs similar to multilateral trading facilities (MTFs).

The Portuguese Parliament and EU affairs

12-01-2021

According to the Portuguese Constitution adopted in 1976, Portugal is a semi-presidential Republic and a parliamentary democracy. It is a unitary state which also includes two autonomous regions (the Azores and Madeira archipelagos) with their own political and administrative statutes and self-governing institutions (Article 6 of the Constitution). The Constitution of the Third Republic created a single representative body: the Assembly of the Republic (Assembleia da República). The Assembly exercises ...

According to the Portuguese Constitution adopted in 1976, Portugal is a semi-presidential Republic and a parliamentary democracy. It is a unitary state which also includes two autonomous regions (the Azores and Madeira archipelagos) with their own political and administrative statutes and self-governing institutions (Article 6 of the Constitution). The Constitution of the Third Republic created a single representative body: the Assembly of the Republic (Assembleia da República). The Assembly exercises national sovereign power alongside the President of the Republic, the Government and the courts. Its primary function is to represent all Portuguese citizens, and as such it acts as the main legislator and is the body to which the executive is accountable. The Assembly and the Government share legislative competence, but the Assembly also has exclusive responsibility to legislate on certain specific matters such as on elections and referendums, the working of the Constitutional Court, political associations and parties, and national symbols (see Article 164 of the Constitution for the full list). This briefing is part of an EPRS series on national parliaments (NPs) and EU affairs. It aims to provide an overview of the way the NPs of EU Member States are structured and how they process, scrutinise and engage with EU legislation. It also provides information on relevant NP publications.

Subsidiarity: Mechanisms for monitoring compliance

12-07-2018

The principle of subsidiarity requires decisions to be taken at the lowest practical level of government without, however, jeopardising mutually beneficial cooperation at the supranational level. Recent decades have seen efforts to strengthen the subsidiarity principle in EU law, including the introduction of the well-known early warning mechanism (EWM) for national parliaments. At the same time, the principle of subsidiarity remains a contested notion. This has important implications for the regulatory ...

The principle of subsidiarity requires decisions to be taken at the lowest practical level of government without, however, jeopardising mutually beneficial cooperation at the supranational level. Recent decades have seen efforts to strengthen the subsidiarity principle in EU law, including the introduction of the well-known early warning mechanism (EWM) for national parliaments. At the same time, the principle of subsidiarity remains a contested notion. This has important implications for the regulatory, political and judicial bodies monitoring compliance with the principle. In this context, commentators have called for a better (and shared) understanding of the principle and have formulated a number of suggestions as to how to monitor compliance with the principle more effectively.

The principle of subsidiarity

01-10-2017

In areas in which the European Union does not have exclusive competence, the principle of subsidiarity, laid down in the Treaty on European Union, defines the circumstances in which it is preferable for action to be taken by the Union, rather than the Member States.

In areas in which the European Union does not have exclusive competence, the principle of subsidiarity, laid down in the Treaty on European Union, defines the circumstances in which it is preferable for action to be taken by the Union, rather than the Member States.

European Parliament: relations with the national parliaments

01-10-2017

Moves towards closer European integration have altered the role of the national parliaments. A number of instruments for cooperation between the European Parliament and the national parliaments have been introduced with a view to guaranteeing effective democratic scrutiny of European legislation at all levels. This trend has been reinforced by provisions introduced by the Lisbon Treaty.

Moves towards closer European integration have altered the role of the national parliaments. A number of instruments for cooperation between the European Parliament and the national parliaments have been introduced with a view to guaranteeing effective democratic scrutiny of European legislation at all levels. This trend has been reinforced by provisions introduced by the Lisbon Treaty.

The Committee of the Regions

01-10-2017

The Committee of the Regions is made up of 350 members representing the regional and local authorities of the 28 Member States of the European Union. It issues opinions sought on the basis of mandatory (as required by the Treaties) and voluntary consultation and, where appropriate, own-initiative opinions. Its members are not bound by any mandatory instructions. They are independent in the performance of their duties, in the European Union’s general interest.

The Committee of the Regions is made up of 350 members representing the regional and local authorities of the 28 Member States of the European Union. It issues opinions sought on the basis of mandatory (as required by the Treaties) and voluntary consultation and, where appropriate, own-initiative opinions. Its members are not bound by any mandatory instructions. They are independent in the performance of their duties, in the European Union’s general interest.

Revision of the 'Eurovignette' directive

26-09-2017

The IA contains a wealth of information, data and research, both internal and external, but some parts of the complex analysis lack clarity and coherence. The extensive quantitative estimations are not always comparable in structure and thus difficult to relate to each other. The potential contribution of the options to the reduction of CO2 emissions and to the REFIT exercise remains vague, as well as their impact on SMEs. The IA concludes that higher revenues, better road quality and considerable ...

The IA contains a wealth of information, data and research, both internal and external, but some parts of the complex analysis lack clarity and coherence. The extensive quantitative estimations are not always comparable in structure and thus difficult to relate to each other. The potential contribution of the options to the reduction of CO2 emissions and to the REFIT exercise remains vague, as well as their impact on SMEs. The IA concludes that higher revenues, better road quality and considerable environmental and social benefits would compensate for the regulatory and compliance costs of the initiatives. At the same time, it acknowledges that under all options the impacts of the proposals are uncertain because the introduction of tolls remains voluntary and subject to national policy orientations.

The Common Agricultural Policy (CAP) and the Treaty

01-06-2017

Following the entry into force of the Treaty of Rome, Member States’ agricultural policies were replaced by intervention mechanisms at Community level. The foundations of the common agricultural policy (CAP) have remained unchanged since the Treaty of Rome, with the exception of rules relating to the decision-making procedure. The Lisbon Treaty recognised codecision as the ‘ordinary legislative procedure’ for the CAP, in place of the consultation procedure.

Following the entry into force of the Treaty of Rome, Member States’ agricultural policies were replaced by intervention mechanisms at Community level. The foundations of the common agricultural policy (CAP) have remained unchanged since the Treaty of Rome, with the exception of rules relating to the decision-making procedure. The Lisbon Treaty recognised codecision as the ‘ordinary legislative procedure’ for the CAP, in place of the consultation procedure.

The European services e-card

05-05-2017

The overall impression is that the IA provides a thorough analysis of the current problems encountered. The IA indicates the likely costs and benefits of the proposed options, which are grouped into four packages. The Commission makes clear that, where possible, quantitative estimations were provided of the impacts of reducing administrative burden and/or regulatory obstacles, but underscores that there are nevertheless many other factors which influence the levels of cross-border trade and investment ...

The overall impression is that the IA provides a thorough analysis of the current problems encountered. The IA indicates the likely costs and benefits of the proposed options, which are grouped into four packages. The Commission makes clear that, where possible, quantitative estimations were provided of the impacts of reducing administrative burden and/or regulatory obstacles, but underscores that there are nevertheless many other factors which influence the levels of cross-border trade and investment in services. While stakeholder consultation was broad, stakeholder support for most options is not readily apparent from the IA.

Subsidiarity as a Means to Enhance Cooperation between EU Institutions and National Parliaments

08-03-2017

The Treaty of Lisbon has entrusted national parliaments with the responsibility to monitor the respect of the principle of subsidiarity in new EU legislative proposals adopted in areas of non-exclusive EU competence (so-called Early Warning System). The Commission has been the primary interlocutor of parliaments in this framework, although Parliament also receives and follows-up on national parliaments’ reasoned opinions. Despite positive developments visible both at EU and national level, important ...

The Treaty of Lisbon has entrusted national parliaments with the responsibility to monitor the respect of the principle of subsidiarity in new EU legislative proposals adopted in areas of non-exclusive EU competence (so-called Early Warning System). The Commission has been the primary interlocutor of parliaments in this framework, although Parliament also receives and follows-up on national parliaments’ reasoned opinions. Despite positive developments visible both at EU and national level, important challenges remain, in particular in relation to the limited scope offered by the Early Warning System for more political engagement.

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