43

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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.

Il principio di sussidiarietà

01-10-2017

Nel quadro delle competenze non esclusive dell'Unione, il principio di sussidiarietà, sancito dal trattato sull'Unione europea, definisce le condizioni in cui l'Unione ha una priorità di azione rispetto agli Stati membri.

Nel quadro delle competenze non esclusive dell'Unione, il principio di sussidiarietà, sancito dal trattato sull'Unione europea, definisce le condizioni in cui l'Unione ha una priorità di azione rispetto agli Stati membri.

Parlamento europeo: le relazioni con i parlamenti nazionali

01-10-2017

Con il progredire dell'integrazione europea il ruolo dei Parlamenti nazionali è cambiato. Sono stati creati diversi strumenti di cooperazione tra il Parlamento europeo e le assemblee nazionali, al fine di istituire un autentico controllo democratico della legislazione europea a tutti i livelli. Questa tendenza è stata rafforzata dalle disposizioni introdotte dal trattato di Lisbona.

Con il progredire dell'integrazione europea il ruolo dei Parlamenti nazionali è cambiato. Sono stati creati diversi strumenti di cooperazione tra il Parlamento europeo e le assemblee nazionali, al fine di istituire un autentico controllo democratico della legislazione europea a tutti i livelli. Questa tendenza è stata rafforzata dalle disposizioni introdotte dal trattato di Lisbona.

Il Comitato delle regioni

01-10-2017

Il Comitato delle regioni è composto da 350 membri che rappresentano gli enti regionali e locali dei 28 Stati membri dell'Unione europea. Formula pareri nei casi di consultazione obbligatoria fissati dai trattati, in caso di consultazione facoltativa e, se lo ritiene opportuno, di propria iniziativa. I suoi membri non sono vincolati da alcun mandato imperativo. Essi esercitano le loro funzioni in piena indipendenza, nell'interesse generale dell'Unione.

Il Comitato delle regioni è composto da 350 membri che rappresentano gli enti regionali e locali dei 28 Stati membri dell'Unione europea. Formula pareri nei casi di consultazione obbligatoria fissati dai trattati, in caso di consultazione facoltativa e, se lo ritiene opportuno, di propria iniziativa. I suoi membri non sono vincolati da alcun mandato imperativo. Essi esercitano le loro funzioni in piena indipendenza, nell'interesse generale dell'Unione.

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.

La politica agricola comune (PAC) e il trattato

01-06-2017

Dopo l'entrata in vigore del trattato di Roma, le politiche agricole degli Stati membri sono state sostituite da meccanismi d'intervento a livello comunitario. Sin dal trattato di Roma i fondamenti della politica agricola comune sono rimasti immutati, eccettuate le norme concernenti la procedura decisionale. Il trattato di Lisbona ha riconosciuto la codecisione quale «procedura legislativa ordinaria» della politica agricola comune (PAC) in sostituzione della procedura di consultazione.

Dopo l'entrata in vigore del trattato di Roma, le politiche agricole degli Stati membri sono state sostituite da meccanismi d'intervento a livello comunitario. Sin dal trattato di Roma i fondamenti della politica agricola comune sono rimasti immutati, eccettuate le norme concernenti la procedura decisionale. Il trattato di Lisbona ha riconosciuto la codecisione quale «procedura legislativa ordinaria» della politica agricola comune (PAC) in sostituzione della procedura di consultazione.

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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