European Union directives

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.

Two Day REACH and RoHS Compliance Seminar: Gain a Deeper Understanding - March 18-19, 2021 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 16, 2021
Education, Training, Other Manufacturing, Manufacturing, Natural environment, Environment, European Union directives, European Union, Mercury, Restriction of Hazardous Substances Directive, Nature

The "REACH and RoHS Compliance: Gain a Deeper Understanding" conference has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "REACH and RoHS Compliance: Gain a Deeper Understanding" conference has been added to ResearchAndMarkets.com's offering.
  • This 2-day virtual seminar will go into the specifics of the REACH and RoHS regulations, provide case studies, and share lessons learned so your organization can benefit from the mistakes of others.
  • REACH and RoHS have been referred to as ".one of the most complex regulations in the history of the EU."
  • Understanding your organization's liability under RoHS and REACH.

Press release - Better cooperation between national authorities on taxation of digital trading

Retrieved on: 
Thursday, March 11, 2021
Sven Giegold, European Union directives

Tax authorities would also be obliged share this information with each other.

Key Points: 
  • Tax authorities would also be obliged share this information with each other.
  • It was adopted by 568 votes in favour, 63 votes against, and 64 abstentions.
  • Quote of the rapporteur, Sven Giegold (Greens, DE)

    Extending the directive to cover digital platforms will close one loophole, but others remain wide open.

  • The EU Commission must take its responsibility in a time of public deficit seriously and propose a strong review of the directive.

The EBA consults on guidance on how to grant authorisation as credit institution

Retrieved on: 
Wednesday, March 10, 2021
European Union, Eurozone, Financial services, European Union directives, Economy of Europe, European Banking Authority, La Défense, Capital Requirements Directives, Capital requirement

10 March 2021

Key Points: 
  • 10 March 2021

    The European Banking Authority (EBA) published today a Consultation Paper on its Guidelines on a common assessment methodology for granting authorisation as a credit institution.

  • The draft Guidelines are addressed to all competent authorities across the EU in charge of granting authorisation as a credit institution, and cover the authorisation requirements set out in the Capital Requirements Directive (CRD).
  • The draft Guidelines complement the Regulatory Technical Standards (RTS) on authorization of credit institutions and contribute to the convergence of supervisory practices around market access for credit institutions across the single market.
  • Consultation process

    Responses to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page.

Vishay Intertechnology’s NTCALUG Family of NTC Lug Thermistors Now Offers a 100 % Lead (Pb)-Free Construction

Retrieved on: 
Monday, March 8, 2021
Physical sciences, Chemistry, Natural environment, Sensors, Thermometers, Environment, European Union directives, Heating, ventilation, and air conditioning, Thermistor, Restriction of Hazardous Substances Directive, VSH, Vishay Intertechnology

MALVERN, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its popular NTCALUG family of NTC lug thermistors is now available in a 100 % lead (Pb)-free construction, making them the industrys first such devices to offer full RoHS compliance with no exemptions.

Key Points: 
  • MALVERN, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its popular NTCALUG family of NTC lug thermistors is now available in a 100 % lead (Pb)-free construction, making them the industrys first such devices to offer full RoHS compliance with no exemptions.
  • Manufactured with a 100 % lead (Pb)-free ceramic die, NTCALUG family thermistors contribute to a cleaner environment by eliminating all hazardous substances that could potentially cause issues during recycling and disposal.
  • The NTCALUG family includes a variety of devices that deliver accurate temperature sensing in automotive, consumer, and industrial applications.
  • Standard lug thermistors are capable of continuous operation to +150 C and long term reliability of 5,000 hours (dry heat).

EU Waste-Related Marking Requirements for Heated Tobacco Products - Transposition of SUP Directive - ResearchAndMarkets.com

Retrieved on: 
Friday, March 5, 2021
Retail, Chemicals, Plastics, Environment, Manufacturing, Tobacco, Other Manufacturing, European Union law, European Union directives, Transposition, Polyvinyl chloride, End of Life Vehicles Directive, Directive 2011/61/EU

The "Regulatory Report: EU Waste-Related Marking Requirements for Heated Tobacco Products" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Regulatory Report: EU Waste-Related Marking Requirements for Heated Tobacco Products" report has been added to ResearchAndMarkets.com's offering.
  • The EU Single-Use Plastics Directive (SUP Directive) was approved on 5th June 2019 and aims to limit the impact of plastic in the environment.
  • Despite a transposition deadline of 3rd July 2021, just one EU member state - Greece - has fully transposed the directive into its national regulatory framework.
  • Tobacco products, specifically their filters, are tackled by the SUP Directive, which highlights that they are the second most found single-use plastic item on beaches in the EU.

Council approves greater corporate transparency for big multinationals

Retrieved on: 
Thursday, March 4, 2021
European Union directives, European Union, Public law, Directive 2014/65/EU, LuxLeaks

The EU is taking measures to enhance corporate transparency of big multinational companies.

Key Points: 
  • The EU is taking measures to enhance corporate transparency of big multinational companies.
  • Banks are exempted from the present directive as they are obliged to disclose similar information under another directive.
  • Background

    The proposed directive, tabled in April 2016, is part of the Commission action plan on a fairer corporate tax system.

  • The European Parliament adopted its position at first reading on 27 March 2019.

ESMA publishes first Q&As on crowdfunding

Retrieved on: 
Friday, February 26, 2021
Articles, Economy, Money, Financial regulation, European Union directives, Directive 2014/65/EU, European Union, Systemic risk, Crowdfunding, Questions and answers, Q+A

25 February 2021

Key Points: 
  • 25 February 2021

    MiFID - Investor Protection

    The purpose of this Q&A document is to promote a convergent application of the provisions of Regulation (EU) 2020/1503 on European crowdfunding service providers for business (ECSPR) and to provide responses to possible questions posed by the general public, market participants and competent authorities.

  • This first set of Q&As provides clarifications on the use of SPV under the ECSPR.
  • It addresses the following topics:

    Next steps

    ESMA will continue to develop its Q&A on crowdfunding topics under the ECSPR in the coming months, both adding questions and answers to the topics mentioned above and introducing new sections for other areas covered by the ECSPR not yet addressed in this Q&A.

ESMA publishes first Q&As on crowdfunding

Retrieved on: 
Thursday, February 25, 2021
Articles, Economy, Money, Financial regulation, European Union directives, Directive 2014/65/EU, European Union, Systemic risk, Crowdfunding, Questions and answers, Q+A

25 February 2021

Key Points: 
  • 25 February 2021

    MiFID - Investor Protection

    The purpose of this Q&A document is to promote a convergent application of the provisions of Regulation (EU) 2020/1503 on European crowdfunding service providers for business (ECSPR) and to provide responses to possible questions posed by the general public, market participants and competent authorities.

  • This first set of Q&As provides clarifications on the use of SPV under the ECSPR.
  • It addresses the following topics:

    Next steps

    ESMA will continue to develop its Q&A on crowdfunding topics under the ECSPR in the coming months, both adding questions and answers to the topics mentioned above and introducing new sections for other areas covered by the ECSPR not yet addressed in this Q&A.

First of Toyota's Latest Hydrogen-Fuel Vehicle "Mirai" Makes a Debut in Lancaster, California

Retrieved on: 
Monday, February 22, 2021
Payment systems, European Union, Financial services, European Union directives, European Commission, Payment Services Directive, Finance, Strong customer authentication, European Banking Authority, RTS, Lexus, Hydrogen vehicle

Heslin is currently working with the City of Lancaster to advance its plans to become the first Hydrogen City and expand the hydrogen electric vehicle market.

Key Points: 
  • Heslin is currently working with the City of Lancaster to advance its plans to become the first Hydrogen City and expand the hydrogen electric vehicle market.
  • Mayor R. Rex Parris stated "our current energy alternatives are not enough to reach our goals.
  • This latest model of Mirai, which means "future" in Japanese, is built on the rear-wheel drive GA-L platform of the larger Lexus LS sedan.
  • "Hydrogen is the next important fuel for the world and we'll be seeing a lot more of it soon.