The European Parliament elections taking place between 6 and 9 June 2024 will signal the start of the next five-year EU legislative cycle. The results of the vote and the corresponding distribution of the 720 seats amongst political groups will have direct implications for the law-making process in the upcoming legislature. In addition, following the
Delivering a ‘true’ CMU will not happen as a single event
On 15 May 2024, the Eurogroup issued a statement on the follow-up to the Eurogroup agreement on the future of the Capital Markets Union (CMU).
In March 2024, the Eurogroup agreed on a statement of the future of the CMU and today’s statement marks the first step towards its delivery. The endorsement by
10 things to know about the EU Corporate Sustainability Due Diligence Directive
On 24 April 2024, the European Parliament plenary formally adopted the proposal for a Directive on Corporate Sustainability Due Diligence (CSDDD or the Directive). This note summarises ten key issues enterprises active in the EU should know about the Directive.
1. Aim of the CSDDD
The CSDDD will serve a number of purposes.
European Parliament adopts large number of financial services proposals
From 22 to 25 April 2024, the European Parliament (Parliament) held is final plenary sessions before the Parliament elections taking place on 6-9 June 2024. During this session, the Parliament plenary adopted a large number of important financial services-related legislative proposals. This note provides an overview of these proposals, their main contents, as
Regulation Around the World – Investment Research
In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream
New briefing note – Retail Investment Strategy: Restoring Consumer Trust by Shrinking the Investment Universe?
On 24 May 2023, the European Commission published its Retail Investment Strategy (RIS), a legislative package intended to empower retail investors to take more informed investment decisions that would better correspond to their investment needs and objectives.
The RIS comprises of a Directive as regards the EU retail investor protection rules. This Omnibus
EU finance ministers publish statement on the future of the Capital Markets Union
On 11 March 2024, the Eurogroup (in inclusive format, meaning that all EU finance ministers are included) published a statement on the future of the Capital Markets Union (CMU). The statement provides an overview of EU finance ministers’ common priorities for the future of the CMU. The introduction of the statement describes the
EMIR 3.0: ten things you need to know
On 7 February 2024, the European Parliament, the Council of the EU and the European Commission (“the Commission”) reached agreement on the final text of the proposal for a review of the European Market Infrastructure Regulation (“EMIR review proposal”). This legislative proposal was published by the Commission in December 2022 as
European Parliament ECON Committee debate on Retail Investment package draft report
On 24 October 2023, the European Parliament Economic and Monetary Affairs (ECON) Committee held a debate on the draft report on the Retail Investment package. The draft report was published by rapporteur Stephanie Yon-Courtin (Renew, FR)on 5 October 2023 and contains her proposed amendments to the European Commission’s (Commission)