The Commission wishes to boost competition on the audit market by the obligation to change auditors regularly (“rotation rule”). A prohibition of non-audit services (e.g. tax advice) is to strengthen the independence of auditors. 

In its Restructuring Green Paper, the Commission calls upon all Member States to make use of instruments such as short-time working schemes, working time accounts and corporate work alliances during times of crisis, as they are suitable for safeguarding jobs. Moreover, it proposes reforms of the tax and benefit schemes in order to minimize the impact of the crisis on the labour market. In the case of company restructurings due to economic changes, the Commission requests an early involvement of “all relevant stakeholders” and a harmonisation of parts of the insolvency law. Thus the chances of future adjustment measures of restructuring processes are to be improved. Moreover, “amendments” of employment termination rules are to safeguard a high level of employment and social protection.

According to the Commission, there is not enough eco-innovation in the EU. Therefore, it wishes to speed up eco-innovation and to improve its marketing. To this end, the environmental legislation is to be revised and small and, in particular, medium-sized undertakings be subsidised.

The Commission wishes to promote the digital single market by setting new framework conditions and removing obstacles. To this end, it presents an action plan.

According to the “balanced approach” of the International Civil Aviation Organization (ICAO), noise abatement around airports is to be achieved by selecting the “most cost-effective range of measures”. The Commission’s Regulation Proposal serves to improve coherence both within the EU and also with ICAO requirements to introduce noise-related operating restrictions.

The Commission wishes to improve the transparency of financial market transactions, move derivatives trading to organised trading venues and strengthen supervision and competition. Moreover, it intends to strengthen investor protection. 

The Commission wishes to improve the transparency of financial market transactions, move derivatives trading to organised trading venues and strengthen supervision and competition. Moreover, it intends to strengthen investor protection. 

The amendments mainly focus on two areas. Firstly, the introduction of the European Professional Card validating the professional qualifications of an employee at the European level. Secondly, the existing common platforms are to be replaced by “common training principles for professions which are regulated in at least two thirds of the Member States and which are not subject to minimum training requirements. For such professions common training principles and exams are to be introduced. Trainees having passed such exams are automatically authorised to pursue the tested profession in every Member State.

The Commission intends to intensify the surveillance of national EU budget policy and to develop the deficit procedure. Moreover, euro states are to be obliged to transpose European budget requirements stipulated under the Stability and Growth Pact into national law. Moreover, national budgets must be based on independent macroeconomic forecasts in future.

The EU Heads of State and Government (apart from Great Britain and the Czech Republic) entered into an agreement to improve the budgetary discipline of the Contracting Parties. The Contracting Parties undertake to transpose a debt brake into their national legal systems and to facilitate the imposition of sanctions in the deficit procedure.