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Europe Daily Bulletin No. 12066

20 July 2018
Contents Publication in full By article 9 / 34
BREACHES OF EU LAW / Finance
Spain and Slovakia referred before Court over incomplete transposition of 'MiFID II' directive
Brussels, 19/07/2018 (Agence Europe)

On Thursday 19 July, the European Commission decided to take action before the Court of Justice of the EU against Slovenia and Spain for their failure fully to implement the 'MiFID II' directive (2014/65) on the financial instruments markets, as well as the directive adding to it (2017/593).

If member states do not transpose these rules correctly, the Commission stresses in a press release, investors are unable to benefit from the enhanced protection of safeguards of financial instruments...

Contents

INSTITUTIONAL
UNITED KINGDOM: Commission recommends all sides to prepare for all possible Brexit outcomes
COUNCIL: Council's new visitors' centre brings it closer to the citizens
BREACHES OF EU LAW
HUNGARY: Commission continues its action against controversial Hungarian legislation on asylum and returns
MONEY LAUNDERING: Greece, Ireland and Romania before Court for failing to implement fourth 'anti-money laundering' directive
ENERGY: Germany and Hungary referred to ECJ for incorrect implementation of third liberalisation package
INTERNAL MARKET: Commission acts against 27 member states for shortcomings on recognition of professional qualifications
ENVIRONMENT: Reasoned opinions for Spain and Portugal for failure to comply with environmental noise directive
TRANSPORT: Commission sends Ireland to court for failing to respect maritime transport safety legislation
FINANCE: Spain and Slovakia referred before Court over incomplete transposition of 'MiFID II' directive
BANKS: Spain to be referred before Court for failure to apply banking prudential rules
MIGRATION: Belgium sent to European Court of Justice for infringing 'seasonal workers' directive
ENVIRONMENT: Romania called on to transpose directive on emissions from combustion plants
ENVIRONMENT: Spain urged comply with floods directive in Canary Islands
ENTERPRISE: Privatisation of Industrija Nafte: Commission suspends its referral of Croatia to European Court of Justice
ECONOMY - FINANCE
FINANCE: Commission reassures European investors as to their rights in absence of intra-EU investment treaty
PAYMENTS: EBA guidelines on declaration fraudulent operations by payment service providers
SECTORAL POLICIES
HEALTH: Endocrine disruptors, derogations sneak in through the back door
ENERGY: Russia, Ukraine and EU agree on gas transit talks process
REGIONS: Commission launches new fund to support innovative twinning schemes between European and Chinese cities
AGRICULTURE: Proposal for zero intervention ceiling for powdered milk
SUSTAINABLE DEVELOPMENT: Reflection paper on SDG implementation by EU to be published this year, Vella announces
JUSTICE: Legal experts challenge legal basis of electronic evidence proposals
SPACE: Massimilano Salini wants to more than double budget of GovSatCom and SSA surveillance programme
EXTERNAL ACTION
UNITED STATES: EU hopes to convince Donald Trump not to tax cars, but is not holding out much hope
MERCOSUR: Cecilia Malmstrom hails 'important progress' in EU-Mercosur trade talks
ISRAEL: EU calls for respect of minorities following adoption of law on nation state
TURKEY: EU hails non-renewal of state of emergency
GEORGIA: Donald Tusk seeks to strengthen partnership with new head of government
ACP: EU releases €26 million to promote culture in Portuguese-speaking African countries and East Timor
EEAS: Nomination of 24 new heads of delegation
NEWS BRIEFS
CATALONIA: European arrest warrant withdrawn against Carles Puigdemont and other Catalan political figures in exile
UN: Hungary announces it will turn back on future Global Compact for Safe, Orderly and Regular Migration
SOCIAL AFFAIRS: CEEP issues raft of proposals for better protection of workers in digital age
SOCIAL AFFAIRS: UEAPME calls for regulatory flexibility on challenges of digitalisation