structure of the Modernisation Fund, experience with the optional exclusion of small emitters from the ETS in phase 3, fees for the Union registry and the general evaluation of the EU ETS. The Commission [...] achieved. The fact that the contribution the EU ETS has to make to the overall EU 2030 reduction target has already been set contributes to the fact that the overall impact was independent of the assessed [...] scrutiny to ensure the proposal strikes the right balance (see also section on the collection and use of expertise). While the majority of installations under the EU ETS are in the energy-intensive
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on the prospects of the issuer and on significant changes to its financial position since the last financial year, and - essential information on the shares, the reasons of the issuance and the impact [...] Prospectus Regulation] - affects the assessment of the securities and - is recognised between the prospectus’ approval date and the closing of the offer period or the trading start. As a consequence [...] so within one working day after the publication of the supplement. [Art. 1 (7)] Statement on Subsidiarity by the Commission The objectives of the amendment to the Prospectus Regulation cannot be
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ASSESSMENT Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Renewable [...] COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Renewable energy: a major player in the European energy [...] on the decline. With more than half of the energy consumed in the EU coming from third countries, the EU is already the world's largest energy importer. Today, the EU imports more than 80% of the oil
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e). ► New provisions regarding the prospectus – The Commission must increasingly adapt its detailed rules on the minimum requirements of the prospectus to the “size and track record” of the issuer [...] to the Prospectus Directive to be amended (2003/71/EC) unless otherwise stated herein. ► Context The Prospectus Directive stipulates the framework conditions for the offer to the public and the listing [...] vanroosebeke@cep.eu 2 – The issuer’s obligation to keep the prospectus up-to-date by properly “supplementing” it, ceases upon the final closing of the offer to the public or at the point when trading begins
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into one new Directive. – The Directive comprehensively regulates the operation of telecoms networks and the supply of telecoms services. Particularly relevant are the provisions on - the "asymmetric" [...] contract and thus the freedom to choose one’s contractual partner and to determine the content of the contract, including prices, the legislator’s aim is to ensure, with the aid of the universal service [...] a Directive of the European Parliament and of the Council establishing the European Electronic Communications Code Brief Summary ► Background – The Commission wants to revise the EU regulatory framework
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Until now, the participating Member States have made the decision on whether to maintain or amend the bidding zone; in future this will be done by the Commission. ► New: the concrete rules on when and [...] - consolidate the rules on the cross-border trade in electricity in the EU, - press ahead with integrating renewables into the electricity markets and - simplify market access for new energy technologies [...] power flow (new Art. 13 (1)). – The bidding zones generally correspond to the territories of the Member States. One exception is currently the joint bidding zone of Germany and Austria. – The EU Energy
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key elements of the proposal – The Commission wants to support the lending capacity of banks and fund the economic recovery after the COVID- 19 crisis by - adapting the general rules on securitisations [...] are non-performing [new Art. 2 (24)] – will profit from three exemptions to the general rules on securitisations: - Until now, the lender, the originator or the sponsor of the SPE had to retain a material [...] collateral [new Art. 26e (7)]; - the number of credit events (e.g. default, bankruptcy) that trigger a payment by the investor to the originator [new Art. 26e (1)]; - the risk premium paid by the originator
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continue to be settled between the payee and the payer - i.e. within the contractual relationship where the dispute exists. The inclusion of the payment service provider within the provisions on network and [...] instruments, - to revise the existing rules on refunds in the case of direct debits and the rules on liability in the case of unauthorised payments and - to introduce stricter security requirements for [...] is still the case that payment service providers must prove that they have checked the identity of the payer and that the payment has been properly processed and entered into the accounts. The same applies
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- i.e. not from the NSAs - to review “some or all” of the activities of the NSAs. Until now, a “comparative analysis” was required. As a new measure, the degree of independence of the authorities will [...] leading to over-regulation. The mandate formulated by the European legislator in the respective Directive or Regulation should be the decisive factor for the design of the legally binding technical standards [...] Council and the Parliament do not object (barrier to exercising the mandate, cf. cepStudy). The Single Supervision Mechanism (SSM), as the first pillar of the banking union, introduces into the eurozone,
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cepPolicyBrief)]. The consumer protection provisions of the IMD-2-Directive reflect the provided provisions. In its position on the MiFID-II Directive, the European Parliament called for the rules on investor [...] d-g, (3)) the following: - the nature of the remuneration received: either fee, commission or a combination of both - the full amount of the remuneration or, if this is impossible, the basis of calculation [...] out in the Directive”, it must communicate this to the competent authority of the home Member State, which shall take the “appropriate measures”. If it fails to do so, the competent authority of the host
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