On Wednesday 20 December, the EU Council approved its negotiating position on the regulation on benchmarks.
Presented in October by the European Commission in its communication entitled ‘Long-Term Competitiveness of the EU: Looking Beyond 2030’, this regulation aims to streamline reporting obligations and the overall regulatory burden. The Commission aims to reduce the administrative burden by 25%, without compromising related policy objectives (see EUROPE B13273A19).
The proposal...