European Union

ESMA updates list of trading venues temporarily exempted from open access under MiFIR

Tuesday, July 7, 2020 - 1:04pm

07 July 2020

Key Points: 
  • 07 July 2020

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has updated today the list of trading venues which have a temporary exemption from the open access provisions under the Markets in Financial Instruments Regulation (MiFIR).

  • The updated list includes an extension of the exemption for five venues until 4 January 2023.
  • For trading venues where the annual notional amount of ETDs traded on the venue falls below a threshold of EUR 1,000,000 million, the exemption must be approved by ESMA.
  • In 2018, ESMA published for the first time the list of trading venues benefiting from the exemption, after having approved the access opt-out for five EU trading venues.

Bulgaria: Investment Plan for Europe - EIAH to provide support for the development of a new specialised children’s hospital

Tuesday, July 7, 2020 - 12:04am

The European Investment Bank (EIB), funded by the European Investment Advisory Hub (EIAH), will provide support to the Municipality of Burgas, Bulgaria, to facilitate project preparation for the construction of the first childrens hospital in the country.

Key Points: 
  • The European Investment Bank (EIB), funded by the European Investment Advisory Hub (EIAH), will provide support to the Municipality of Burgas, Bulgaria, to facilitate project preparation for the construction of the first childrens hospital in the country.
  • The new hospital will address the healthcare needs of children and adolescents in the city of Burgas, one of the fastest growing cities in Bulgaria.
  • EIB Vice-President Lilyana Pavlova, who oversees EIB Advisory Services, said: Advisory support from the EU bank will be key to unlocking investments in the healthcare sector in Bulgaria.
  • European Commissioner for the Economy, Paolo Gentiloni, said: The European Investment Advisory Hub is a fundamental component of the Investment Plan for Europe.
  • With support provided by the Advisory Hub, soon the Municipality of Burgas will boast the first childrens hospital in Bulgaria, which is something to celebrate.
  • Background information The European Investment Advisory Hub (EIAH) is a partnership between theEuropean Investment Bank Groupand theEuropean Commissionunder theInvestment Plan for Europe.
  • Its advisers work directly with project promoters to prepare a tailor-made advisory package to support investment projects.

Press release - Just transition in EU regions: support to people, economy and environment

Tuesday, July 7, 2020 - 12:04am

First vote on the new Just Transition Fund, first proposal from the Green Deal

Key Points: 
  • First vote on the new Just Transition Fund, first proposal from the Green Deal
    The EU must transition towards a climate-neutral economy without letting disparities between regions grow any further, say regional development MEPs.
  • On Monday 6 July, the Regional Development Committee approved the establishment of the Just Transition Fund (JTF) with 27 votes in favour, 7 against and 8 abstentions.
  • This amount would be supplemented with an additional EUR 32 803 000 000 in current prices, as proposed under the EU Recovery Instrument.
  • With an increased budget, we will be able to effectively support the regions that need it the most, but, above all, strongly support our citizens.

Brexit update from Environment Secretary

Tuesday, July 7, 2020 - 12:02am

The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.

Key Points: 
  • The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.
  • Rt Hon George Eustice MP, Secretary of State for Environment, Food and Rural Affairs
    The Committee has been examining a number of Defras policy areas that either need to be resolved in the UK-EU future relationship negotiations, or need to be implemented before the end of the Brexit transition period.
  • Members will be asking the Secretary of State about:
    Possible ways forward for the fisheries negotiations, particularly in relation to quota allocations

Brexit update from Environment Secretary

Tuesday, July 7, 2020 - 12:01am

The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.

Key Points: 
  • The EU Environment Sub-Committee questions Defras Secretary of State George Eustice on his Departments preparations for the end of the transition period and priorities for the UK-EU future relationship negotiations.
  • Rt Hon George Eustice MP, Secretary of State for Environment, Food and Rural Affairs
    The Committee has been examining a number of Defras policy areas that either need to be resolved in the UK-EU future relationship negotiations, or need to be implemented before the end of the Brexit transition period.
  • Members will be asking the Secretary of State about:
    Possible ways forward for the fisheries negotiations, particularly in relation to quota allocations

Germany: EIB and European Commission provide CureVac with a €75 million financing for vaccine development and expansion of manufacturing

Monday, July 6, 2020 - 4:03pm

The EIB financing will be provided in three 25 million tranches upon completion of pre-defined milestones.

Key Points: 
  • The EIB financing will be provided in three 25 million tranches upon completion of pre-defined milestones.
  • But in times like ours it becomes clear just how important they are to keep societies running globally.
  • This is an added value of Europe, and the EIB does everything it can to maximise this value for the sake of people.
  • Recently we have presented our vaccines strategy to accelerate the development, manufacturing and deployment of vaccines against the novel coronavirus.
  • Pierre Kemula, Chief Financial Officer of CureVac, added: We are very pleased with the EIB financing.
  • The IDFF is an example of successful collaboration between the European Commission and the EIB in the face of a health crisis.
  • The joint European Commission and EIB Group initiative falls under Horizon2020, the 2014-2020 EU research and innovation programme.
  • IDFF enables the EIB to provide between 7.5 million and 75 million of funding to innovative players active in developing vaccines, drugs, medical and diagnostic devices and research infrastructure for combatting infectious diseases.

Ascendis Pharma A/S Receives Positive Opinion from the Paediatric Committee of the European Medicines Agency on the Agreement of a Paediatric Investigation Plan

Monday, July 6, 2020 - 2:25pm

As planned, we will move forward with our marketing application submission in Europe this quarter, said Dana Pizzuti, M.D., Ascendis Pharmas Senior Vice President of Development Operations.

Key Points: 
  • As planned, we will move forward with our marketing application submission in Europe this quarter, said Dana Pizzuti, M.D., Ascendis Pharmas Senior Vice President of Development Operations.
  • The Paediatric Committee (PDCO) is the European Medicines Agency's (EMA) scientific committee responsible for activities on medicines for children and to support the development of such medicines in the European Union by providing scientific expertise and defining paediatric needs.
  • A paediatric investigation plan (PIP) is a development plan aimed at ensuring that the necessary data are obtained through studies in children, to support the authorisation of a medicine for children.
  • Ascendis, Ascendis Pharma, the Ascendis Pharma logo, the company logo and TransCon are trademarks owned by the Ascendis Pharma group.

DGAP-News: CureVac AG: EIB and European Commission provide CureVac with a €75 million financing for vaccine development and expansion of manufacturing

Monday, July 6, 2020 - 9:00am

The EIB financing will be provided in three 25 million tranches upon completion of pre-defined milestones.

Key Points: 
  • The EIB financing will be provided in three 25 million tranches upon completion of pre-defined milestones.
  • Recently we have presented our vaccines strategy to accelerate the development, manufacturing and deployment of vaccines against the novel coronavirus.
  • The IDFF is an example of successful collaboration between the European Commission and the EIB in the face of a health crisis.
  • The company applies its technologies for the development of cancer therapies, antibody therapies, the treatment of rare diseases, and prophylactic vaccines.

Media advisory - Press briefings ahead of the Eurogroup and Ecofin video conferences of 9 and 10 July 2020

Saturday, July 4, 2020 - 8:00am

The press briefings ahead of the Eurogroup of 9 July 2020 and the video conference of economic and finance ministers of 10 July 2020 will take place on Tuesday, 7 July 2020:

Key Points: 
  • The press briefings ahead of the Eurogroup of 9 July 2020 and the video conference of economic and finance ministers of 10 July 2020 will take place on Tuesday, 7 July 2020:

    These briefings will be virtual and "off the record".

  • In order to ask questions remotely, EU accredited journalists can register usingthis link.
  • Journalists who already registered for previous Eurogroup/ECOFIN press conferences do not need to register again.
  • For more information, visit the video conference pages:

    Eurogroup of 9 July 2020

    Video conferences of economics and finance ministers of 10 July 2020

Innovation for the benefit of consumers: Opening remarks by Gabriel Bernardino at the European Forum for Innovation Facilitators (EFIF)

Saturday, July 4, 2020 - 12:06am

While there is growing acceptance of and appetite for innovation in financial services, it is essential that innovation always benefits consumers.

Key Points: 
  • While there is growing acceptance of and appetite for innovation in financial services, it is essential that innovation always benefits consumers.
  • This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) gave to participants in his opening remarks at todays meeting of the European Forum for Innovation Facilitators (EFIF).
  • This is the first event of the forum since EIOPA took over as chair on 1 May 2020.
  • More information is available on the EFIF webpage, where a summary of this conference will be published in due course.