On 4 October 2019, the European Securities and Markets Authority (ESMA) launched a consultation on possible amendments to the trading obligation under MiFIR following the introduction of the EMIR Refit Regulation (EMIR Refit). The changes introduced by EMIR Refit concern the scope of counterparties subject to the clearing obligation. EMIR Refit introduces an exemption from … Continue Reading
On 21 March 2018 the European Commission proposed a legislative package aimed at introducing a common European taxation framework for digital services. This includes a proposal for a Council Directive laying down rules relating to the corporate taxation of a significant digital presence (Digital Services Tax Framework Directive) and a proposal for a Council Directive on … Continue Reading
The German Government has begun to reorganise national financial stability tasks which are due to be completed by 2018. As a first step a new “Law on the reorganisation of the tasks of the Federal Financial Market Stability Authority” (Gesetz zur Neuordnung der Aufgaben der Bundesanstalt für Finanzmarktstabilisierung – FMSANeuOG) has been published in the … Continue Reading
