2021 May

31 May: EBA and ESMA publish provisional list of instruments and funds for the smallest investment firms under the Investment Firms Regulation

(Source: ESMA)

The European Securities and Markets Authority (ESMA) together with the European Banking Authority (EBA), published today a provisional list of additional instruments and funds that competent authorities may allow to use as own funds for some of the smallest investment firms. 

The latter include only non-legal persons or joint‐stock companies, or those which meet the conditions for qualifying as small and non‐interconnected investment firms as defined in the Investment Firm Regulation (IFR). The list is provisional and intended to provide guidance to investment firms and competent authorities ahead of the application of the IFR requirements, as of 26 …

31 May: ESMA issues a negative opinion on an Accepted Market Practice on liquidity contracts proposed by the French AMF

(Source: ESMA)

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published a negative opinion on the intended Accepted Market Practice (AMP) notified by the French Autorité des Marchés Financiers (AMF).

ESMA considers that the new AMP, applicable as of 1 July 2021, replacing the current AMP on liquidity contracts, applicable since 1 January 2019, is not compatible with the Market Abuse Regulation (MAR) and the relevant Implementing Regulation, and it is also diverging from ESMA’s 2017 Opinion on Points for Convergence.

In its assessment, ESMA has identified several points of concerns. Those are the …

31 May: Speech by President von der Leyen at the 2021 P4G Seoul Summit via videoconference

(Source: European Commission)

Thank you very much President Moon,

Excellencies,

I am delighted to be participating today at the P4G Summit in Seoul. Indeed, recovering from the pandemic it is the right time to rethink our societies and economies. It is clear that things will never be the same but we can influence the direction they take. We have a chance to rebuild for a greener and healthier future. And that is what the European Green Deal is about – our new growth and innovation strategy.

Europe aims to be the first climate neutral continent by 2050. We set out …

31 May: 3 arrested for smuggling over 250 Vietnamese migrants to Germany

(Source: EUROPOL)

In the early hours of 31 May, some 740 police officers carried out coordinated raids across Germany and Slovakia against the members of a criminal syndicate smuggling Vietnamese nationals into Europe, arresting 3 individuals. 

The main bulk of today’s actions took place in Germany, with house searches carried out in the towns of Hamburg, Schönefeld, Recklinghausen, Minden, Bückeburg, Halle, Bitterfeld-Wolften and Leipzig.  A number of searches were also executed in Bratislava in Slovakia. The investigation uncovered that this organised crime group was responsible for facilitating into Germany the entry of over 250 irregular migrants of Vietnamese origin, charging each …

31 May: “A New Deal for Africa” – Op-ed article by President Charles Michel, and more than 30 European and African leaders

(Source: European Council)

In one year, the pandemic has halted a quarter-century of steady economic growth in Africa, disrupted value chains, and caused an unprecedented increase in inequality and poverty. As a result, the entire world is at risk, because the global economy could lose one of its future drivers of growth.

The COVID-19 pandemic has taught us that we can no longer treat seemingly faraway crises as distant problems. What happens anywhere can affect people everywhere. That is why addressing the impact and legacy of the pandemic in Africa is so important.

Although Africa has suffered fewer COVID-19 cases …

31 May: The EDPS opens two investigations following the “Schrems II” Judgement

(Source: EUROPEAN DATA PROTECTION SUPERVISOR)

The EDPS launched two investigations today, one regarding the use of cloud services provided by Amazon Web Services and Microsoft under Cloud II contracts by European Union institutions, bodies and agencies (EUIs) and one regarding the use of Microsoft Office 365 by the European Commission.

More info: https://edps.europa.eu/system/files/2021-05/EDPS-2021-11-The_EDPS_opens_two_investigations_following_the_Schrems%20II_Judgement_EN.pdf

31 May: EU Statement on the occasion of 60th Session of Legal Subcommittee, COPUOS, UNOOSA (31 May – 11 June 2021)

(Source: EEAS)

EU Statement on the occasion of the Sixtieth Session of the Legal SubcommitteeUnited Nations Committee on the Peaceful Uses of Outer Space(Vienna, 31 May-11 June 2021)

I have the honour to speak on behalf of the European Union and its Member States. Thefollowing countries align themselves with this statement: the Republic of NorthMacedonia, Montenegro, Serbia, Albania, Bosnia and Herzegovina*, Iceland+,Norway+, Ukraine, the Republic of Moldova and Armenia.

Full Statement …

31 May: EU Statement on the occasion of the Fifty-Ninth Session of CTBTO Working Group A (31 May – 1 June 2021)

(Source: EEAS)

European UnionEU Statement on the occasion of the Fifty-Ninth Session of Working Group ACTBTO Preparatory Commission(31 May – 1 June 2021)

Madam Chair,

I have the honour to speak on behalf of the European Union and its Member States. Thefollowing countries align themselves with this statement: Turkey§, the Republic of NorthMacedonia, Montenegro, Serbia, Albania, Bosnia and Herzegovina*, Iceland+,Norway+, Ukraine, the Republic of Moldova, Armenia, Georgia, and San Marino.The EU wishes to thank the Executive Secretary (ES) for his opening statement and forhis reports, as well as the Provisional Technical Secretariat (PTS) for preparing thismeeting, under the current challenging…

31 May: High Representative/Vice-President Josep Borrell to visit Indonesia and ASEAN

(Source: EEAS)

From Tuesday 1 to Friday 4 June, EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell will visit Indonesia. He will hold discussions with the Indonesian government and will have meetings at the headquarters of the Association of Southeast Asian Nations (ASEAN). The visit demonstrates the EU’s wish to deepen relations with Indonesia, one of the world’s largest democracies and economies, which will hold the G20 Presidency in 2022 and the ASEAN Chairmanship in 2023. The visit also comes in light of the upgrade of EU-ASEAN relations to a Strategic Partnership, the …