Other news - December 2012
Commission adopts implementing rules for the Directive on Alternative Investment Fund Managers (AIFMD)
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.
Commission adopts technical standards for the Regulation on OTC derivatives, central counterparties and trade repositories (EMIR)
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”.
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.
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.
“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.
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.
Misappropriation of trade secrets and confidential business information: Commission launches a consultation
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.
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.
2012 prize will be presented today in Oslo recognizing EU’s role in advancing stability and reconciliation in Europe.
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.
At the initiative of President Barroso, the European Commission has today held an orientation debate on content in the digital economy.