Other news - December 2012

Small plant growing out of a bunch of euro coins
Commission adopts implementing rules for the Directive on Alternative Investment Fund Managers (AIFMD)

19/12/2012

The Directive on Alternative Investment Fund Managers is one of the measures taken by the European Union in its commitment to fight financial crisis. It aims to create a general and efficient regulatory and monitoring framework for alternative investment fund managers in Europe.

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Commission adopts technical standards for the Regulation on OTC derivatives, central counterparties and trade repositories (EMIR)

19/12/2012

Internal Market and Services Commissioner Michel Barnier said: “The adoption of these technical standards is the final step in achieving the mandatory clearing and reporting of OTC derivatives and in meeting our G20 commitments. This will improve transparency in the trading of derivatives”.

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Commission urges industry to deliver innovative solutions for greater access to online content

18/12/2012

The European Commission has today adopted a Communication which sets out parallel tracks of action to be undertaken during this Commission’s term of office to ensure that the EU’s copyright framework stays fit for purpose in the digital environment.

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Michel Barnier
Your Europe – your practical guide to your rights in the Single Market

17/12/2012

The single market opens up many possibilities, whether you wish to travel, study, work or do business in another EU country than your own. But do you really know how it works, and what opportunities are available to you? Commissioner Barnier explains how the website “Your Europe” can help you make the most of your single market.

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Michel Barnier
Banking union: Council agrees position on the single supervisory mechanism

13/12/2012

“24 hours after reaching an historical agreement on the European patent, which is a key component for our competitiveness, the Council has found a common approach on a fundamental element of financial stability in Europe”. Statement by Commissioner Barnier.

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Signature of a document in a room surrounded by offices buildings
Commission plans to modernise European company law and corporate governance

12/12/2012

European company law and corporate governance should make sure that companies are competitive and sustainable. The European Commission has today adopted an Action Plan outlining future initiatives in this area.

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Trade secrets
Misappropriation of trade secrets and confidential business information: Commission launches a consultation

11/12/2012

The main objective of this consultation is to gather views regarding redress against misappropriation of confidential business information used by companies and research bodies in the EU. Interested parties are invited to send their comments by 8 March 2013.

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Man in suit activating wheels on which the words "Patent" and "Intellectual property" are written
EU unitary patent: European Parliament and Council give green light

11/12/2012

The EU can at last get a single patent system after thirty years of trying: today, the European Parliament endorsed a Council presidency compromise on the patent reform package which was agreed yesterday at the Competitiveness Council. The new unitary patent will radically reduce, by up to 80%, translation and related costs for obtaining patent protection in the EU.

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Nobel peace prize
Nobel peace prize goes to… Europeans

10/12/2012

2012 prize will be presented today in Oslo recognizing EU’s role in advancing stability and reconciliation in Europe.

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Financial crime
Market abuse: Justice Ministers agree Commission proposals on criminal sanctions

07/12/2012

In the recent LIBOR scandal, serious concerns have been raised about the manipulation of benchmarks, which can result in significant losses to consumers and investors, or distort the real economy. European justice ministers meeting in the Council of the European Union have today reached agreement on the Commission’s proposals for a Directive on insider dealing and market manipulation that will criminalise such behaviour.

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Commission agrees way forward for modernising copyright in the digital economy

05/12/2012

At the initiative of President Barroso, the European Commission has today held an orientation debate on content in the digital economy.

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