The Council presidency and European Parliament representatives reached a provisional political agreement on a regulation on nature restoration. The proposal aims to put measures in place to restore at least 20% of the EU’s land and sea areas by 2030, and all ecosystems in need of restoration by 2050. It sets specific, legally binding targets […]
The Commission proposes new rules to ensure stronger enforcement of the GDPR
The Commission proposes a new law to streamline cooperation between data protection authorities (DPAs) when enforcing the General Data Protection Regulation in cross-border cases. The new regulation will set up concrete procedural rules for the authorities when applying the GDPR in cases which affect individuals located in more than one Member State. For example, it will introduce an […]
La Comisión Europea propone una nueva normativa para proteger a los inversores minoristas en la UE
The Commission has adopted a Retail Investment Package that places the consumers’ interests at the centre of retail investing. The aim is to empower retail investors (i.e. “consumer” investors) to make investment decisions that are aligned with their needs and preferences, ensuring that they are treated fairly and duly protected. This will enhance retail investors’ […]
Council adopts EU rules on crypto-assets market
The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework. Setting an EU level legal framework for this sector for the first time, the Council adopted a regulation on markets in crypto-assets (MiCA). MiCA will protect investors by increasing transparency and putting in place a comprehensive framework for issuers and service providers including compliance […]
Council adopts new rules on pay transparency
The Council has adopted new rules to combat pay discrimination and help close the gender pay gap in the EU. Under the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value, and take action if their gender pay gap exceeds 5%. […]
European Parliament approves Europe’s first ever rules on crypto-assets
Parliament endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection. On Thursday, MEPs approved with 529 votes in favour to 29 against and 14 abstentions, the first piece of EU legislation for tracing transfers of crypto-assets like bitcoins and electronic money tokens. The text […]
European Council adopts regulation on CO2 emissions from new passenger cars and vans
‘Fit for 55’: The new rules aim to reduce emissions from road transport that has the highest share of emissions from transport – and provide the right push for the automotive industry to shift towards zero-emission mobility while ensuring continued innovation in the industry. The new rules set the following targets: 55% CO2 emission reductions for […]