Article 69 of AIFMD requires the EC to review the application and the scope of AIFMD. The European Commission on Wednesday began its consultation on the rights of gig economy workers whose labour is governed by digital platforms. On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework. Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practices in Hong Kong and Japan. Artificial intelligence (AI) is a strategic technology that offers many benefits for citizens and the economy. The Commission has launched a public consultation on the revision of the rules on electronic identification and trust services for electronic transactions in the internal market, the eIDAS Regulation. European Commission: new consultation on Sustainable Corporate Governance The Commission published the findings of its study on directors’ duties and sustainable corporate governance. Search a database of initiatives that are subject to public consultation and participate at different stages in the law and policy-making process by giving feedback. In order to assess further obstacles to businesses’ transitions to an environmentally and socially sustainable economy, the Commission undertook two market studies. On February 2, ISDA, FIA and the FIA European Principal Traders Association (EPTA) submitted a joint response to the European Commission’s (EC) consultation on the settlement discipline regime under the Central Securities Depositories Regulation (CSDR). Learn more about the many ways you can contribute to the law-making process. The European Commission wants to strengthen the legislative framework of geographical indication These options include: It shows that only one in three businesses claim to undertake due diligence “takes into account all human rights and environmental impacts”. In the Commission’s view, taking an approach that emphasises sustainability will contribute to the post-pandemic recovery by nurturing the long-term resilience of companies and improving the predictability and management of risks. EBA RESPONSE TO COMMISSION’S AML/FT AT ION PLAN CONSULTATION Contents List of figures 3 Executive Summary 4 1. Executive summary. About the European Commission; Service standards and principles; Transparency; Consultations; Consultations. BEIJING, BOSTON, BRUSSELS, CHICAGO, DUBAI, DÜSSELDORF, FRANKFURT, HAMBURG, HONG KONG, HOUSTON, LONDON, LOS ANGELES, MADRID, MILAN, MOSCOW, MUNICH, NEW JERSEY, NEW YORK, ORANGE COUNTY, PARIS, RIYADH*, SAN DIEGO, SAN FRANCISCO, SEOUL, SHANGHAI, SILICON VALLEY, SINGAPORE, TOKYO AND WASHINGTON, D.C. * IN COOPERATION WITH THE LAW OFFICE OF SALMAN M. AL-SUDAIRI. On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. The European Commission has launched a consultation on key elements of the prudential framework for insurance and reinsurance firms required by the Solvency II Directive. Pillar 1: ensuring the effective implementation of the existing EU AML/CFT framework 7 As part of the European Commission's public consultation for an EU corporate human rights and environmental due diligence legislative proposal, the cabinet of Commissioner Reynders will have an open and public exchange with three business & human rights advocates from the Global South on the 13th Jan from 15:00 to 16:00 CET (14:00 to 15:00 GMT). Introduction 6 2. CONSULTATION RESPONSE x European Commission’s consultation on the Data Governance Act: EBF Response. European Commission to launch consultation on the EU Strategy for Textiles. European Commission Launches Consultation on Health and Safety at Work By Latham & Watkins LLP on December 21, 2020 Posted in Environmental Litigation. Executive summary. REVIEW OF THE NON-FINANCIAL REPORTING DIRECTIVE . On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. The public consultation will be one of the tools used to help improve the IPR systems in third countries. Even before the COVID-19 pandemic, sustainability was considered key to the future of the European Union — the Commission has confirmed this is even more the case now. On 7 February 2020, the European Commission (the Commission) opened a Public Consultation to strengthen the exchange of information framework in the field of taxation (the Consultation). The consultation closes on 8 February 2021. European Commission launched a public consultation about a Communication on a Europe’s digital decade: 2030 digital targets 12.02.2021 The COVID-19 pandemic and its impact on economy and society have underlined the crucial role of digital technologies for people andbusinesses. Earlier this year, the European Green Deal and the Commission’s Communication on the COVID-19 recovery plan confirmed that sustainability should be further embedded in companies’ corporate governance framework. On February 11, 2021, the European Commission launched a public consultation on its initiative to fight child sexual abuse online (the “Initiative”), which aims to impose obligations on online service providers to detect child sexual abuse online and to report it to public authorities. On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework. The study shows that listed companies within the EU still tend to focus on short-term benefits of shareholders rather than on the long-term interests of companies. This study focuses on due diligence’s role in addressing adverse sustainability impacts, such as climate change and human rights issues. Express your views on EU laws and policies by responding to open public consultations launched by the European Commission. The consultation questionnaire contains 26 substantive questions and enquires on matters including: Notably, the Commission’s current initiative is complementary to the review of the Non-Financial Reporting Directive, which requires large public-interest companies to disclose non-financial information. TO THE EUROPEAN COMMISSION’S PULI CONSULTATION ON AN AML/CFT ACTION PLAN AND THE ESTABLISHMENT OF AN EU-LEVEL AML/CFT SUPERVISOR . The research concludes that a cross-sectoral regulatory measure at the EU level is preferable to specific frameworks. Latham & Watkins will continue to monitor developments in this area. It will help the European Commission focus its efforts and resources on the priority countries and on the specific areas of concern, with the aim of improving IPR protection and enforcement worldwide. Portions of this blog may constitute attorney advertising. The consultation mentions three policy options but no details on how they would be implemented. This post was written with the assistance of Sabina Aionesei in the London office of Latham & Watkins. Background. This site is managed by the Directorate-General for Communication, Aid, Development cooperation, Fundamental rights, About the European Commission's web presence, Follow the European Commission on social media. Study on due diligence requirements through the supply chain. There are various opportunities to contribute to EU law-making as it evolves – from the preparation phase through to proposals for new laws and evaluations of how existing laws are performing. Study on directors’ duties and sustainable corporate governance. (To read about stakeholders’ efforts to harmonise frameworks, see Latham’s blog post The Road to Developing an ESG Global Standard.). Latham & Watkins operates in South Korea as a Foreign Legal Consultant Office. Read the response by AlgorithmWatch that we submitted to the Commission … On 31 March, the Commission launched an online public consultation on the Health Emergency Preparedness and Response Authority (HERA). Your use of this blog site alone creates no attorney client relationship between you and Latham & Watkins LLP. Do not include confidential information in comments or other feedback or messages left on the Global Privacy & Security Compliance Law Blog Blog, as these are neither confidential nor secure methods of communicating with attorneys. Recently, the European Commission opened a public consultation on the digital levy under its agenda for a fair and competitive digital economy. In any particular case, you should consult with lawyers at the firm with the most experience on the topic. European Commission Launches Consultation on Sustainable Corporate Governance, The Road to Developing an ESG Global Standard, review of the Non-Financial Reporting Directive, Whether companies and their directors should take account of stakeholder interests alongside the financial interests of shareholders, The interests that are relevant to the long-term success and resilience of companies, Whether directors should be required to balance the interests of all stakeholders, instead of focusing on the short-term financial interests of shareholders, as part of their duty of care, Whether sustainability risks and opportunities should be integrated into companies’ strategies, Whether stakeholders should be given a role in the enforcement of directors’ duty of care, A possible corporate due diligence duty requiring companies to establish and implement adequate processes with a view to preventing, mitigating, and accounting for human rights, health, and environmental impacts in companies’ operations and supply chains, Options to counter executive remuneration promoting a short-term focus, Options to enhance sustainability expertise in the board. Citizens can contribute to public consultations and various feedback mechanisms throughout the policy cycle and consult related documents as well as contributions received. EBA response to the European Commission Public Consultation on Non-Financial Reporting Directive (NFRD) 11 June 2020 . The European Commission launched a major review of the European Union’s trade policy, including a public consultation seeking input from the European Parliament, Member States, stakeholders and civil society. The Commission is seeking views from a broad range of stakeholders, including, in particular, businesses and their directors as well as investors, environmental organisations, and public authorities that may have a role in supervising the new rules. Search open and closed consultations as well as feedback opportunities or sign up to receive email notifications to stay informed of any new consultations. European Commission Consultation on Proposed Due Diligence Law. The consultation seeks to establish a strategic framework aimed at ensuring high standards of protection for workers. The consultation also seeks to gain an overview of national frameworks, enforcement mechanisms, and current jurisprudence. The response recommends standardising disclosure requirements, widening the range of companies required to report and ensuring consistency between The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today sent a letter to the European Commission consultation on the review of the European Long Term Investment Funds (ELTIF) Regulation. Depending on your specific situation, answers other than those outlined in this blog may be appropriate. Needless to say, this is not a substitute for legal advice or reading the rules and regulations we have summarized. Participants to the consultation may now submit their written views before the closing date on 10 September 2020, and these will be taken into consideration as the Commission prepares its guidance on Article 17. On 19 February 2020, the European Commission launched a Consultation on Artificial Intelligence. The EU Commission is seeking input on a law that could help end corporate abuse. Share. Given the European Commission's ongoing efforts to establish a capital markets union (CMU), on 22 October 2020, the European Commission (EC) published the much anticipated public consultation on AIFMD review. On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. Prior results do not guarantee a similar outcome. The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a revision of the Non-Financial Reporting Directive (NFRD). 13/11/2020 On 12 November, the European Commission published for consultation its long awaited revised draft Standard Contractual Clauses (SCCs). You can access the consultation here. The consultation aims to gather the views of stakeholders on the need and objective for EU intervention as well as different policy options, and to assess the costs and benefits of each option. CONSULTATION DOCUMENT . On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework.