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Public financing of enterprises, which has been on the rise globally, can have a distortive effect on competitive markets. In response to this trend, in May 2021 the European Commission published a proposal for a regulation to tackle foreign subsidies with a distortive effect on the EU single market. It would enable the Commission to investigate subsidies granted by non-EU public authorities to companies operating on the single market, and to apply countervailing measures, should these subsidies ...

The 2009 Toy Safety Directive has been protecting children in the EU for more than 10 years, imposing some of the world's strictest requirements on toys, in particular concerning hazardous chemicals. As the European Commission prepares to update the directive, the European Parliament's Committee on the Internal Market and Consumer Protection has examined the directive's implementation and proposed ways to amend it. Parliament is expected to vote on the committee's own initiative report during its ...

This briefing provides an initial analysis of the strengths and weaknesses of the impact assessment (IA) accompanying the Commission proposal for a regulation on general product safety aimed at ensuring that EU consumers are protected from dangerous non-food products. The IA defines clearly the problems to be addressed and their analysis appears to be satisfactory but the description of how they would evolve without any EU intervention is limited. The IA does not compare the retained options in terms ...

General product safety regulation

Briefing 21-09-2021

On 30 June 2021, the Commission adopted a proposal for a general product safety regulation, which would replace the current General Product Safety Directive, as part of the regulatory fitness-check programme (REFIT). The proposal seeks to address the challenges of product safety of emerging technologies, including use of artificial intelligence (AI) and connected devices, and to establish clear obligations for online marketplaces, which consumers increasingly use for their online purchases. The proposal ...

Preserving the ability of banks to continue lending to companies, especially small and medium-sized enterprises, is key when it comes to softening the economic impact of the pandemic and easing recovery. The Commission believes that securitisation can contribute to this. It also considers that in order to increase the potential of securitisation the EU regulatory framework (Regulations (EU) 2017/2402 and (EU) 575/2013) must be updated, to cater for (i) on-balance-sheet synthetic securitisation and ...

The EU Toy Safety Directive

Briefing 29-04-2021

The Toy Safety Directive (TSD) aims to ensure a high level of health and safety with respect to toys for children under 14 years of age and to guarantee the free movement of toys in the EU by means of provisions for manufacturers, importers, distributors of toys sold in the EU and national market surveillance authorities. More than 10 years after its adoption in 2009, the European Commission is considering a revision of the directive in the context of the chemicals strategy for sustainability. Although ...

Investment firms play an important role in capital markets, facilitating savings and investment flows across the EU. However, the current EU rules are seen as fragmented, overly complex, inconsistently applied and often a poor fit for the actual risks taken by the various types of investment firms. The Commission proposed a new regulation on the prudential requirements of investment firms and a new directive on the prudential supervision of investment firms. These proposals update the framework for ...

Harmonised products represent 69 % of the overall value of industrial products in the internal market. However, a significant part of these products does not comply with harmonised EU rules. This has negative effects on the health and safety of consumers, and on fair competition between businesses. To remedy the situation, in 2017 the Commission proposed to strengthen market surveillance rules for non-food products harmonised by EU legislation. Parliament and Council reached a provisional agreement ...

Highlights of the April II plenary session (the last of the current legislature) included debates on the conclusions of the April 2019 European Council meeting on the withdrawal of the UK from the European Union, and the final debate in the series on the future of Europe with the Prime Minister of Latvia, Kisjanis Karins. Important debates also took place on the rule of law in Romania; failure to adopt an EU digital services tax; protecting the European elections against international cybersecurity ...

The paper provides a concise overview of the Dodd-Frank Act, the challenges of its implementation, and efforts to roll back the Act, in large part due to what are viewed to be vague and impractical provisions. This document was provided by Policy Department A at the request of the ECON Committee.