Category: Updates

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The Council adopted legislation for a high common level of cybersecurity across the Union

The Council adopted legislation for a high common level of cybersecurity across the Union

The Council has adopted new legislation for a high common level of cybersecurity across the Union, to strengthen the resilience and incident response capacities of both the public and private sector and the European Union as a whole. This new directive, which is also called “NIS2”, will replace the current directive on security of network and...

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EU adopted Corporate Sustainability Reporting legislation

EU adopted Corporate Sustainability Reporting legislation

The EU Council on Monday announced its final approval of the Corporate Sustainability Reporting Directive (CSRD), marking the last major step in the overhaul and expansion of corporate sustainability reporting in the EU. With the approval and the recent passage of the rules by the European Parliament, the legislative act has now been adopted. The...

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New EU law on gender balance on corporate boards

New EU law on gender balance on corporate boards

The European Parliament has formally adopted the new EU law on gender balance on corporate boards. By 2026, companies will need to have 40% of the underrepresented sex among non-executive directors or 33% among all directors. The adopted Directive aims to ensure that gender balance in corporate boards of large listed EU companies is established...

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The European Banking Authority published Guidelines on the use of remote customer onboarding solutions

The European Banking Authority published Guidelines on the use of remote customer onboarding solutions

The European Banking Authority (EBA) published its final Guidelines on the use of remote customer onboarding solutions. These Guidelines set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism (AML/CFT) legislation and the EU’s...

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The European Commission published a proposal for a Regulation on data collection and sharing for short-term accommodation rentals

The European Commission published a proposal for a Regulation on data collection and sharing for short-term accommodation rentals

Short-term accommodation rentals are developing fast in the EU, largely boosted by the platform economy. They bring benefits to hosts, travelers, and the broader tourism ecosystem. However, they also pose challenges, especially for local communities, which in some places are faced with less affordable housing, rising prices, or excessive tourism flows. This is why public...

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Public consultation by EC to comment on the draft revised Market Definition Notice

Public consultation by EC to comment on the draft revised Market Definition Notice

The European Commission has launched today a public consultation inviting all interested parties to comment on the draft revised Market Definition Notice. Market definition is an important first step in the assessment of mergers and of most antitrust cases. It serves to define the boundaries of competition between companies. The Market Definition Notice is being revised...

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Council adopts law on the emergency framework regarding medical countermeasures

Council adopts law on the emergency framework regarding medical countermeasures

EU ministers adopted a new EU law that facilitates the timely purchase of and access to medicines, vaccines, and raw materials, activates emergency funding, and enables the monitoring of production facilities when another health crisis hits. In recent months we have seen the havoc supply chain disruptions may create. Quick availability of medicines, vaccines, and...

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The DMA has been published in the Official Journal of the EU

The DMA has been published in the Official Journal of the EU

The Digital Market Acts (DMA) has been published in the Official Journal of the European Union and will enter into force on 1 November 2022. The DMA aims to address concerns regarding “contestability” and “fairness” in the digital economy and introduces several per se prohibitions and obligations on “big tech”. DMA should create equal conditions...