European Commission

News & Analysis as of

European Ombudsman Closes Maladministration Inquiry into Public Statements by Former Competition Commissioner

In 2012 and 2014, Joaquín Almunia, the then Vice President of the European Commission and Commissioner responsible for competition, made public statements concerning an ongoing investigation of a possible cartel. Crédit...more

Commission makes CCP equivalence decisions

The Commission has adopted equivalence decisions for the regulatory regimes for CCPs in Canada, Switzerland, South Africa, Mexico and South Korea. CCPs from these jurisdictions wishing to obtain EU recognition can now apply...more

Commission discusses insurance sector

Commission Director General, Olivier Guersent, spoke on the Capital Markets Union action plan with particular attention to the Solvency 2 Delegated Act. Mr Guersent highlighted the main aspects of the Act as being the...more

ESMA writes to Commission on MiFID 2 delays

ESMA has written to the Commission setting out areas of MiFID 2 that it thinks will in practice be challenging or impossible to have in place by the current “go-live” date. It has noted several requirements that will involve...more

EU Commission Communication Attempts to Address Uncertainty Surrounding Transfer of Personal Data Following Schrems

On November 6, 2015, The EU Commission published a communication addressed to the European Parliament and the EU Council in an attempt to reduce current legal uncertainties surrounding the transfer of personal data from...more

Blog: European Council Asks Commission To Strengthen Controls Over Electronic Payments & Virtual Currencies

(As anticipated) the European Counsel has invited the Commission “to strengthen controls of non-banking payment methods such as electronic/anonymous payments, money remittances, cash-carriers, virtual currencies, … and...more

EU data transfer update

On November 6, 2016, the EU Commission released its guidance for businesses relating to the EU safe harbor. The Commission indicated that since the invalidation of the safe harbor framework, it has “stepped up” talks...more

Blog: European Council To Ask Commission To Strengthen Controls Over Electronic Payments & Virtual Currencies

It’s being widely reported in Europe this evening that, after tomorrow’s extraordinary meeting of the European Union’s Justice & Home Affairs Council meeting, the European Council will ask the Europe Commission to “present...more

The European Commission Issues Guidance On Transatlantic Data Transfers

On November 6, 2015, the European Commission (“EC”) released guidance on transatlantic data transfers in light of the ruling by the European Court of Justice (“ECJ”) last month invalidating the Safe Harbor framework that had...more

EC Scientific Committee Releases Opinion on Hydroxyapatite (Nano) for Comment

The European Commission (EC) Scientific Committee on Consumer Safety (SCCS) has posted for comment its opinion on hydroxyapatite (nano). According to the opinion, the EC received 35 notifications of cosmetic products...more

European Commission Acknowledges a Year’s Delay to the Implementation of MiFID II May Be Necessary

Recent weeks have seen increasing numbers of market participants and trade bodies in the European Union (including the Investment Association and the European Fund and Asset Management Association) calling for the start date...more

European Competition Law Newsletter – November 2015

A company that helps with or facilitates a cartel is at just as much risk of sanctions and penalties as are the actual cartelists. This was confirmed by the EU’s highest court (the European Court of Justice (ECJ)) on 22...more

EU Commission Declares the Safe Harbor Officially Dead

As if were any surprise, last Friday, November 6, the EU Commission issued a Communication on the Transfer of Personal Data from the EU to the US, following the Judgment by the Court of Justice in Schrems declaring the Safe...more

Private equity firms: In the line of antitrust fire?

There was a time when private equity firms may have seen themselves as arms-length financial investors but regulators are increasingly holding them responsible for the behaviour of their portfolio companies. A new type...more

European Commission Defends Model Contracts

On November 6, the European Commission issued a comprehensive Communication on the consequences of the Schrems Judgment of the Court of Justice of the European Union (ECJ). In the Communication, the Commission puts national...more

European merger control: Well-oiled machine or spluttering engine?

Commissioner Margrethe Vestager was in a celebratory mood when she addressed an audience in Brussels in March 2015 as the EU merger control body celebrated its 25th anniversary: "There is reason to celebrate because the...more

Safe Harbor update: European Commission issues communication following Safe Harbor invalidation – Safe Harbor 2.0 in three months?...

On 6 November, the European Commission released a Communication on the implications of the Court of Justice of the European Union’s (CJEU) decision in Maximillian Schrems v Data Protection Commissioner (Case C-362/14)....more

Safe Harbor Update: The European Commission Issues Guidance on the Schrems Decision

This past Friday, the European Commission (“the Commission”) issued guidance addressing transatlantic data transfers after the European Court of Justice (“ECJ”) decision in the Schrems case. As we noted in an earlier post,...more

Privacy Tuesday - November 2015: EU/Safe Harbor Updates

And the days dwindle down, to a precious few … November … We are still following developments in the EU relating to the invalidation of the US-EU Safe Harbor Framework. ...more

Safe Harbor Update: European Commission Reaffirms Commitment to a Safe Harbor Sequel

As we reported on October 19th, the Article 29 Working Party on the Protection of Individuals with Regard to the Processing of Personal Data challenged the EU member states to “open discussions with the US” to find a viable...more

The European Commission Issues Guidance on Alternative Cross-Border Data Transfer Tools

On November 6, 2015, one month after the European Court of Justice decision that invalidated the Safe Harbor framework, the European Commission (the “Commission”) issued a Communication setting forth its position on...more

Commission finalises CRD4 colleges RTS

The Commission has published the Delegated Regulation on regulatory technical standards (RTS) for specifying the general conditions for the functioning of colleges of supervisors under the Fourth Capital Requirements...more

Commission consults on CRD4 remuneration

The Commission has issued a consultation to help it produce a report on the efficiency of the CRD4 remuneration rules. The Commission is particularly interested in views on the possible impact of the “Maximum Ratio Rule” on...more

Commission publishes CRR AVAs Regulation

The Commission has published a draft Delegated Regulation concerning the making of additional valuation adjustments (AVAs) under the CRR....more

Commission adopts 2016 work programme

The Commission has adopted its 2016 Work Programme, reaffirming the commitment to the 10 political priorities of its political guidelines. The programme plans to deliver 23 key initiatives and 40 actions under its “REFIT”...more

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