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The Markets in Financial Instruments Directive (MiFID) and the Markets in Financial Instruments Regulation (MiFIR) are the principal texts regulating investment services and financial markets activities in the EU. Following a European Commission proposal to amend the MiFID and the MiFIR. a provisional trilogue agreement was reached on 29 June 2023, and the final act was published in March 2024. The new rules establish an EU-wide consolidated tape for EU financial markets, as well as making changes ...

The European Green Deal envisages a review of measures addressing pollution from large industrial installations, with a view to aligning existing legislation with the EU's zero pollution ambition, and energy, climate and circular economy policy goals. On 5 April 2022, the European Commission tabled a proposal to revise the Industrial Emissions Directive, the main European Union instrument regulating pollutant emissions from industry, together with a proposal to revise the Regulation establishing ...

The impact assessment (IA) provides a useful information package supporting the 'CountEmissionsEU' proposal. It presents a substantiated problem definition and illustrates the scale of the problems. The analysis relies on an external IA supporting study, stakeholder consultation and independent research. The IA assesses the economic, social and environmental impacts of all six policy options. It openly explains the assessment's limitations, in particular the fact that empirical evidence to underpin ...

On 24 May 2023, the European Commission put forward a package of two proposals to amend existing directives and a regulation with a view to fostering retail investor information transparency and ensuring that investment decisions are best for investors. The objective is to enhance trust and confidence, thereby increasing retail investor participation in financing the economy. The package is mostly concerned with clarity in communication and the prevention of misleading marketing. It also seeks to ...

In December 2022, the Commission presented two proposals to revise the rules on the collection and transfer of advance passenger information (API) data – data collected by air carriers at check-in and sent to border control authorities in the country of destination prior to a flight's take-off. The current directive on the collection and transfer of API data will be replaced by two regulations: one on the collection and transfer of API data for border management purposes, and another on the collection ...

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the LIBE Committee, aims to analyse the European Commission’s proposals to reform the legal framework on the processing of Advance Passenger Information (API) data. The analysis takes stock of the current legal framework regarding the processing of travellers’ data. Then, it provides an outline of the Commission’s proposals, followed by an assessment of the fundamental ...

The IA examines the nature and scale of the problems sufficiently (the fact that not every person crossing the Schengen external borders is pre-checked with API data and that there are security gaps in the processing of air passenger data for law enforcement purposes). The IA provides a comprehensive description of the options. The sub-options under each of the intervention areas identified are limited and mostly cumulative; the range of alternative options therefore appears limited. The assessment ...

On 23 February 2022, the European Commission unveiled a proposal for an EU regulation – the data act – laying down harmonised rules on fair access to and use of data. The aim is to remove barriers to consumers and businesses' access to data, in a context in which the volume of data generated by humans and machines is increasing exponentially and becoming a critical factor for innovation by businesses (e.g. algorithm training) and by public authorities (e.g. shaping of smart cities). The proposed ...

En abril de 2021, la Comisión Europea propuso una Directiva sobre información corporativa en materia de sostenibilidad. La Directiva establece nuevas normas relativas a la divulgación de información en materia de sostenibilidad en la Unión Europea, sobre la base de la modificación y ampliación del ámbito de aplicación de la divulgación de información y el aumento de la normalización en el marco de la actual Directiva relativa a la divulgación de información no financiera. Está previsto que un acuerdo ...

This briefing provides an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above-mentioned proposal for a revision of the Industrial Emissions Directive (IED), and the proposal for a revision of the European Pollutant Release and Transfer Register (E-PRTR) Regulation, submitted on 5 April 2022 and referred to the Environment, Public Health and Food Safety (ENVI) Committee of the European Parliament. With the adoption of the European ...