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Europe Daily Bulletin No. 13227

21 July 2023
Contents Publication in full By article 31 / 47
ECONOMY - FINANCE - BUSINESS / Finance
European Parliament and EU Council reach provisional political agreement on revision of rules on hedge funds and UCITS
Brussels, 20/07/2023 (Agence Europe)

On the evening of Wednesday 19 July, negotiators from the Council of the European Union and the European Parliament reached a provisional political agreement on the revision of the Directives on Alternative Investment Fund Managers (AIFMD) and Undertakings for Collective Investment in Transferable Securities (UCITS) governing mutual funds for retail investors.

“We will pave the way for a significant step towards the completion of the Capital Markets Union with stronger and more ambitious...

Contents

TIME OFF: Belgian National Day
Russian invasion of Ukraine
DEFENCE: European ministers discuss €20 billion fund to provide military support to Ukraine
UKRAINE: European ministers and High Representative of Union condemn destruction of grain by Russian bombs
IRAN: EU establishes new sanctions framework in view of support for Russia’s war of aggression
RUSSIA: EU extends economic sanctions by six months
EXTERNAL ACTION
TURKEY: EU ready to strengthen relations with Turkey, subject to conditions
ACP: EU Council authorises signing and provisional application of post-Cotonou Agreement on a “historic” day
UNITED STATES: EU Council adopts negotiating mandate for Critical Minerals Agreement with Washington
BOSNIA AND HERZEGOVINA: Josep Borrell warns that rhetoric and actions of Republika Srpska government could “have serious consequences”
SECTORAL POLICIES
MIGRATION: in Logroño, EU home affairs ministers make progress towards their mandate on ‘Crisis and force majeure’ regulation
MIGRATION: Spanish Presidency of EU Council seeks to improve mutual recognition of return decisions among EU27
HOME AFFAIRS: police access to digital communications data, Spanish Presidency of EU Council will try to move towards a balanced legal framework
HOME AFFAIRS: withdrawal of child sexual abuse material online, Spanish Presidency of EU Council proposes new safeguards on detection orders
HOME AFFAIRS: Member States’ judicial authorities issued 14,789 European arrest warrants in 2021, according to new figures from European Commission
JUSTICE: crime and access to justice to be focus of EU Justice Ministers in Logroño
AGRICULTURE: EU Council to discuss markets disrupted by effects of war in Ukraine on 25 July
AGRICULTURE: CAP support is essential to maintain farming in areas with unfavourable conditions
BIODIVERSITY: future nature restoration regulation, European Parliament/EU Council negotiations launched and to resume after summer
CONSUMERS: sustainable consumption in EU and Consumer Agenda on menu at informal ministerial meeting in Bilbao
COMPETITIVENESS: five Member States call for creation of specific Commission structure to put open strategic autonomy into practice
COMPETITIVENESS: several EU Member States call for clarification on ‘STEP’ platform
DIGITAL: ten MEPs call on European Commission to impose a moratorium on tracing users online
HEALTH: HERA brings EU industry together to discuss solutions to potential antibiotic shortages
ENERGY: Latvia, Hungary, Poland and Slovakia do not intend to support provisional agreement on Energy Efficiency Directive
ENERGY: electricity consumption in EU is set to fall to levels not seen since 2002, according to IEA
TRANSPORT: MEPs question new proposals to make freight transport greener
TRANSPORT: EU Council Presidency proposes giving Member States more freedom to investigate maritime accidents
CLIMATE: fluorinated gases—at third interinstitutional meeting, timetable and list of bans still centre around differences of opinion
CLIMATE: EU-India partnership, CAN Europe and CAN South Asia take stock and publish a series of recommendations
INSTITUTIONAL
EUROPEAN COMMISSION : European Commission’s Executive Vice-President, Frans Timmermans, to leave his post to stand in Dutch parliamentary elections
ECONOMY - FINANCE - BUSINESS
FINANCE: European Parliament and EU Council reach provisional political agreement on revision of rules on hedge funds and UCITS
STATE AID: European Commission approves two German aid measures to support ThyssenKrupp Steel Europe in energy transition
STATE AID: European Commission gives go-ahead for French aid of €850 million for energy transition at ArcelorMittal’s Dunkirk site
EDUCATION
EDUCATION: Spanish Presidency of Council of EU is working on two recommendations for digital skills
SOCIAL AFFAIRS
SOCIAL: mobile workers in EU also face risks of exploitation, says new ETUI study
COUNCIL OF EUROPE
POLAND: according to two Council of Europe reports, Poland’s progress in fight against corruption is still unsatisfactory
NEWS BRIEFS
MYANMAR: EU Council adopts seventh round of sanctions against six individuals and one entity
CLIMATE: according to Eurobarometer, 58% of Europeans want to speed up green transition
EUROPEAN COMMISSION : European Commissioner-designate, Iliana Ivanova, will be heard by MEPs in September
DEFENCE: EU Council adopts Act in Support of Ammunition Production
DEFENCE: European Peace Facility - EU adopts €20 million measure to help Congolese army
TAXATION: European Commission sends letter of formal notice to 17 Member States on tax transparency
JUSTICE: EU Council appoints two new prosecutors to College of European Public Prosecutor’s Office
LEBANON: EU extends sanctions regime by one year
MOLDOVA: EU Council adopts extension of suspension of customs duties on all Moldovan products
CSDP: EU extends mandates of three EU Special Representatives (EUSRs) until 31 August 2024
TERRORISM: EU extends terrorist list by 6 months