Banking and financial services

25 Nov: CONSULTATIONS: Amendments to certain Regulations regulating public financial & non-financial disclosure in order to establish the ESA

Deadline: 20-01-2022

(Source: European Commission)

Topic

Banking and financial services

Type of act

Proposal for a regulation

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/13285-Amendments-to-certain-Regulations-regulating-public-financial-&-non-financial-disclosure-in-order-to-establish-the-ESA_en…

25 Nov: CONSULTATIONS: Financial services – review of EU rules on alternative investment fund managers

Deadline: 20-01-2022

(Source: European Commission)

Summary

EU rules for managers of alternative investment funds aim to protect investors & the EU economy from risks posed by these previously unregulated financial products.

Based on a report on the current EU directive on alternative investment fund managers, this initiative will examine how to strengthen the rules and complete the internal market for such investment funds. This may also lead the Commission to adjust the rules on undertakings for collective investment in transferable securities (UCITS).

Topic

Banking and financial services

Type of act

Proposal for a directive

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12648-Financial-services-review-of-EU-rules-on-alternative-investment-fund-managers_en…

25 Nov: CONSULTATIONS: Long-term investment funds – review of EU rules

Deadline: 20-01-2022

(Source: European Commission)

Summary

European long-term investment funds (ELTIFs) is an EU scheme to facilitate investment – through alternative investment funds – in longer-term assets such as transport and social infrastructure projects (energy, hospitals, social housing), property and small firms.

This review will analyse how well ELTIF is working, and in particular how it is contributing to:

the integration of capital markets in Europe (Capital Markets Union)the EU’s goal of smart, sustainable and inclusive growth.

Topic

Banking and financial services

Type of act

Proposal for a regulation

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12570-Long-term-investment-funds-review-of-EU-rules_en…

25 Nov: CONSULTATIONS: Financial transparency – single EU access point for company information

Deadline: 20-01-2022

(Source: European Commission)

Summary

Companies in the EU have to publish certain information (financial statements, data on sustainable finance, etc.).

Building on the ‘European financial transparency gateway’ project, this initiative will set up a single EU access point to financial and non-financial company information. Web portals or other means will give investors quick and easy access, without undue burden on companies.

Some data will be available in machine-readable format, helping users search and compare data more easily.

Topic

Banking and financial services

Type of act

Proposal for a regulation

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12776-Financial-transparency-single-EU-access-point-for-company-information_en…

23 Nov: EU CONSULTATIONS: Mortgage credit – review of EU rules

Deadline: 28-02-2022

(Source: European Commission)

Summary

EU rules on mortgage credit apply to loans made to consumers for buying residential property that is used as collateral.

This review will assess how to:

ensure that consumers are provided with simplified, timely and relevant informationadapt the rules to the digital environmentfoster cross-border provision of mortgage credit.

It may also explore how to strengthen consumer protection in case of economic disruptions such as COVID-19 and how to boost the uptake of energy-efficient mortgages.

Topic

Banking and financial services

Type of act

Proposal for a directive

Category

REFIT

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/13090-Mortgage-credit-review-of-EU-rules_en…

19 Nov: CONSULTATIONS: Listing Act – making public capital markets more attractive for EU companies and facilitating access to capital for SMEs

Deadline: 11-02-2022

(Source: European Commission)

Summary

The public listing process is cumbersome and costly for EU companies, especially small businesses (SMEs). This deters EU companies from raising funds on capital markets and means they miss out on the benefits of going public, such as exposure to a wider investor base, higher growth and job creation.

This initiative aims to simplify the listing requirements, including post-listing, in order to make public capital markets more attractive for EU companies and facilitate access to capital for SMEs.

Topic

Banking and financial services

Type of act

Proposal for a regulation

Category

Commission Work Programme…

12 Nov: CONSULTATIONS: Corporate reporting – improving its quality and enforcement

Deadline: 04-02-2022

(Source: European Commission)

Summary

This initiative aims to improve the quality of corporate reporting and its enforcement, by addressing shortcomings in the underlying eco-system.

Improving the framework for corporate governance, external audit and supervision will increase investor protection and improve the depth and attractiveness of the Capital Markets Union (the single market for capital in the EU).

Topic

Banking and financial services

Type of act

Proposal for a directive

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/13128-Corporate-reporting-improving-its-quality-and-enforcement_en…

28 Oct: CONSULTATIONS: Alignment EU rules on capital requirements to international standards (prudential requirements and market discipline)

Deadline: 23-12-2021

(Source: European Commission)

Summary

This initiative intends to amend the Capital Requirements Regulation ((EU) No 575/2013) and will be part of a legislative package together with a proposal to amend the Capital Markets Directive (2013/36/EU). The package aims to implement the final elements of the internationally agreed prudential standards for credit institutions developed by the Basel Committee on Banking Supervision, also known as the “Basel III framework”.

Topic

Banking and financial services

Type of act

Proposal for a regulation

Category

Commission Work Programme

Expert group

E02885 

More information: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12015-Alignment-EU-rules-on-capital-requirements-to-international-standards-prudential-requirements-and-market-discipline-_en…