European Union directives

Highlights - Presentation of the Regulation on Machinery products - Committee on the Internal Market and Consumer Protection

Retrieved on: 
Tuesday, May 25, 2021
European Union directives, Machinery Directive

On 27 May, IMCO will hear a presentation by the Commission of the Regulation on machinery products, which was put forward by the Commission together with the Artificial Intelligence Act on 21 April 2021.

Key Points: 
  • On 27 May, IMCO will hear a presentation by the Commission of the Regulation on machinery products, which was put forward by the Commission together with the Artificial Intelligence Act on 21 April 2021.
  • The new Machinery Regulation replaces the current Machinery Directive, which defines health and safety requirements for machinery.
  • Machinery products cover an extensive range of consumer and professional products, from robots to lawnmowers, 3D printers, construction machines and industrial production lines.
  • This new Machinery Regulation will ensure that the new generation of machinery guarantees the safety of users and consumers, and encourages innovation.

Call for evidence on Digital Finance

Retrieved on: 
Tuesday, May 25, 2021
Financial services, Money, Finance, Banking, Financial inclusion, Microfinance, Economy of the European Union, European Union directives, European Union

These changes bring a host of opportunities, including the prospect of better financial services for businesses and consumers and greater financial inclusion.

Key Points: 
  • These changes bring a host of opportunities, including the prospect of better financial services for businesses and consumers and greater financial inclusion.
  • In September 2020, the European Commission (EC) published a digital finance packagewith the aim to embrace digital finance in the EU.
  • Next Steps

    ESMA will consider the information received through this call for evidence when drafting its response to the EC.

  • The technical advice received from the ESAs will not prejudge the EC's decisions in any way.

ESMA appoints Derville Rowland to chair the Investment Management Standing Committee

Retrieved on: 
Friday, May 21, 2021
European Union directives, Economy, European Union law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Union, Portuguese Securities Market Commission, Directive 2011/61/EU, Articles

21 May 2021

Key Points: 
  • 21 May 2021

    Board of Supervisors

    Corporate Information

    Fund Management

    The Board of Supervisors of the European Securities and Markets Authority (ESMA) has published today a statementon theappointment ofDerville Rowland, Director General (Financial Conduct) of the Central Bank of Ireland (CBI), as the new chair of its Investment Management Standing Committee (IMSC).

  • Ms. Rowland replaces Ms. Gabriela Figueiredo Dias, Chair of the Comisso do Mercado de Valores Mobilirios (CMVM) of Portugal, as chair of the standing committee, and will begin her term on 1 July 2021.
  • The mandate of the IMSC includes work on issues relating to collective investment management, covering both harmonised and non-harmonised investment funds.
  • It also develop technical standards, preparing advice to the EC, or developing guidelines and recommendations relating to UCITS and AIFMD.

ESMA appoints Derville Rowland to chair the Investment Management Standing Committee

Retrieved on: 
Friday, May 21, 2021
European Union directives, Economy, European Union law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Union, Portuguese Securities Market Commission, Directive 2011/61/EU, Articles

21 May 2021

Key Points: 
  • 21 May 2021

    Board of Supervisors

    Corporate Information

    Fund Management

    The Board of Supervisors of the European Securities and Markets Authority (ESMA) has published today a statementon theappointment ofDerville Rowland, Director General (Financial Conduct) of the Central Bank of Ireland (CBI), as the new chair of its Investment Management Standing Committee (IMSC).

  • Ms. Rowland replaces Ms. Gabriela Figueiredo Dias, Chair of the Comisso do Mercado de Valores Mobilirios (CMVM) of Portugal, as chair of the standing committee, and will begin her term on 1 July 2021.
  • The mandate of the IMSC includes work on issues relating to collective investment management, covering both harmonised and non-harmonised investment funds.
  • It also develop technical standards, preparing advice to the EC, or developing guidelines and recommendations relating to UCITS and AIFMD.

Two Day Online Seminar: REACH and RoHS Compliance - Protecting Revenues with Advanced Compliance, July 14-15, 2021 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 12, 2021
Technology, Chemicals, Plastics, Semiconductor, Manufacturing, European Union directives, Environment, Natural environment, Nature, European Union, Mercury, Restriction of Hazardous Substances Directive, Waste Electrical and Electronic Equipment Directive, Regulatory compliance

b'Improving data collection by using Jig 101, IEC 62474, IPC 1752\nREACH, RoHS, and WEEE all present compliance challenges for companies looking to act in accordance with the laws and directives.

Key Points: 
  • b'Improving data collection by using Jig 101, IEC 62474, IPC 1752\nREACH, RoHS, and WEEE all present compliance challenges for companies looking to act in accordance with the laws and directives.
  • This seminar will review the basic fundamentals of each regulation and provide a step by step process for building internal compliance programs.\nIndustry standards, third party software, and manual data collection methods will be discussed and a review of part sourcing from distributors, forecasting end of life parts, and managing the bill of material will be included.\nAttendees will be able to identify risks in their products and supply chains by understanding the impact each regulation has on business and by understanding how and when they need to comply.
  • Students will walk away with a template for the 10 steps to building solid compliance programs.\n'

Combating child abuse online – informal deal with European Parliament on temporary rules

Retrieved on: 
Saturday, May 1, 2021
Information privacy, European Union directives, Privacy law, Articles, Privacy, eMail, Spamming, Sex crimes, European Electronic Communications Code, Privacy and Electronic Communications Directive, General Data Protection Regulation, Child sexual abuse

In December 2020, the comprehensive European Electronic Communications Code (EECC) entered into application, bringing with it a new definition of electronic communications services.

Key Points: 
  • In December 2020, the comprehensive European Electronic Communications Code (EECC) entered into application, bringing with it a new definition of electronic communications services.
  • Some NI-ICS providers have been using specific technologies to detect child sexual abuse material on their services in order to remove and report it to law enforcement authorities for criminal prosecution.
  • In contrast to the GDPR, the ePrivacy directive does not contain a legal basis for the voluntary processing of content or traffic data for the purpose of detecting child sexual abuse.
  • The Commission has announced that it will propose overarching legislation to tackle child sexual abuse online by the second quarter of 2021.

EBA reviews final Q&As against revised legislation

Retrieved on: 
Wednesday, March 31, 2021
European Union, Capital requirement, Financial services, Bank regulation, Banking, Eurozone, European Union directives, Capital Requirements Directives, European Banking Authority, Capital Requirements Regulation, CRR, Directive

31 March 2021

Key Points: 
  • 31 March 2021

    The European Banking Authority (EBA) reviewed the Q&As published in its Single Rulebook Q&A tool [embed link to tool] against the revised Capital Requirements Regulation (CRR), Capital Requirements Directive (CRD) and Bank Recovery and Resolution Directive (BRRD).

  • The published Q&As were updated in line with the revised legal acts, and the outcome has been reflected in the Q&A tool.
  • The review covered Q&As published in relation to the aforementioned legal acts that address policy issues.
  • Supervisory reporting related Q&As were not covered with the exception of questions related to the revised ITS on Supervisory Benchmarking.

ESMA updates UCITS Q&As

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Finance, Money, European Union directives, European Union law, European Union, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Securities and Markets Authority, Investment fund, Esma

30 March 2021

Key Points: 
  • 30 March 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today updated its Questions and Answers on the application of the Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive).

  • ESMA has added two new Q&As on the ESMAs guidelines on performance fees in UCITS and certain types of AIFs (the guidelines).
  • The Q&As provides clarification on the crystallisation of the performance fees and on the timeline of the application of the performance reference period.
  • The purpose of this Q&A document is to promote common supervisory approaches and practices in the application of the guidelines.

ESMA updates UCITS Q&As

Retrieved on: 
Tuesday, March 30, 2021
Feminine given names, Finance, Money, European Union directives, European Union law, European Union, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Securities and Markets Authority, Investment fund, Esma

30 March 2021

Key Points: 
  • 30 March 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today updated its Questions and Answers on the application of the Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive).

  • ESMA has added two new Q&As on the ESMAs guidelines on performance fees in UCITS and certain types of AIFs (the guidelines).
  • The Q&As provides clarification on the crystallisation of the performance fees and on the timeline of the application of the performance reference period.
  • The purpose of this Q&A document is to promote common supervisory approaches and practices in the application of the guidelines.

ESMA assesses the compliance with UCITS liquidity rules and highlights areas for vigilance

Retrieved on: 
Thursday, March 25, 2021
European Union directives, European Union law, Investment, Undertakings for Collective Investment in Transferable Securities Directive

The CSA showed that the overall level of compliance with the applicable rules is satisfactory in most cases, but there is scope for improvement in liquidity management for some UCITS analysed.

Key Points: 
  • The CSA showed that the overall level of compliance with the applicable rules is satisfactory in most cases, but there is scope for improvement in liquidity management for some UCITS analysed.
  • The exercise also highlighted areas where ESMA will work to further promote convergence across National Competent Authorities (NCAs).
  • Its purpose was for all NCAs to conduct coordinated supervisory activities to assess whether UCITS managers comply with their LRM obligations.
  • Compliance with the UCITS LRM provisions contributes to ensuring investor protection, financial stability and the orderly functioning of financial markets.