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Europe Daily Bulletin No. 13188

26 May 2023
Contents Publication in full By article 17 / 36
ECONOMY - FINANCE - BUSINESS / Finance
ESMA warns of risks associated with investment firms that offer both regulated and non-regulated products and services
Brussels, 25/05/2023 (Agence Europe)

The European Securities and Markets Authority (ESMA) warned on Thursday 25 May of the risks associated with investment firms that provide both regulated and non-regulated products and/or services.

“Retail investors often rely solely on the reputation of an investment firm, which leads them to overlook the potential risks of unregulated products and/or services offered by investment firms”, ESMA said in a public statement.

“This is particularly true when unregulated products have an...

Contents

EXTERNAL ACTION
UNITED STATES: EU-US Trade and Technology Council must further facilitate bilateral trade, says Valdis Dombrovskis
TRADE: Member States cautious about idea of screening outbound investments
TRADE: concerns and divisions over EU/Mercosur trade agreement persist among EU27
DRC: MEPs alarmed by security and humanitarian situation in east of country and call for organisation of free and inclusive elections
SOCIAL AFFAIRS
SOCIAL interview: “Two years after the Porto Summit, we need to set more social objectives” at EU level, argues Agnes Jongerius
SOCIAL: Commission is studying possibility of regulating use of artificial intelligence in world of work
SECTORAL POLICIES
CIVIL PROTECTION/MEMBERSHIP: in Italy, Ursula von der Leyen assures Giorgia Meloni of EU’s continued solidarity following devastating floods
REGIONS: Meritxell Serret advocates a European and multi-level approach to challenges of climate change
CLIMATE: according to Frans Timmermans, fight against climate change must involve a “fair” ecological transition
CLIMATE: European Commission will take Sultan Al-Jaber at his word on controversial COP28 presidency
FISHERIES: EU Council ready to negotiate on 30 May with European Parliament on recast of controls system
DIGITAL: five years after its implementation in EU, GDPR is still encountering difficulties
ENERGY: gas and electricity markets stabilising at end of 2022, according to European Commission
ECONOMY - FINANCE - BUSINESS
ECB: an annual report, in ECB’s 25th anniversary year, marked by return of inflation and positive interest rates
TAXATION: MEPs disagree on VAT in digital age
TAXATION: MEPs deplore EU Council’s lack of consideration for review of administrative cooperation in tax matters
FINANCE: ESMA warns of risks associated with investment firms that offer both regulated and non-regulated products and services
STATE AID: European Commission approves a €179.5 million Croatian aid measure to support development of a ‘robot taxi’ service
INSTITUTIONAL
BUDGET/RULE OF LAW: “ball is in Hungarians’ court”, says Johannes Hahn
FUTURE OF EU: MEPs advocate gradual extension of qualified majority voting by Member States in EU Council
Russian invasion of Ukraine
REGIONS: European Committee of Regions backs reconstruction efforts in Ukraine
UKRAINE: Council adopts extension of tariff suspension on imports from Kyiv
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
MEDIA: European Parliament’s Committee on Culture wants to extend scope of ‘anti-SLAPPs’ directive
FUNDAMENTAL RIGHTS: MEPs start work on directives concerning Equality Bodies
COURT OF JUSTICE OF THE EU
ENVIRONMENT: EU Court of Justice rules on criteria that determine requirement to assess building project’s environmental impact
INTELLECTUAL PROPERTY: EU Court of Justice clarifies copyright rules applicable to satellite packages
NEWS BRIEFS
AGRICULTURE: Copa-Cogeca expects EU cereal production to rise despite drought
HUMANITARIAN AID: EU mobilises €2.5 million in emergency aid for victims of Cyclone Mocha in Myanmar and Bangladesh
PATENTS: fighting forest fires through innovation, EPO launches knowledge-sharing platform
ENERGY: ACER consults to revise definition of congestion in electricity networks
FINANCE: MEPs approve provisional agreement on European green bonds
DIGITAL: Ana Talus elected Chair of European Data Protection Board
DIGITAL: according to the European Investment Bank, 69% of EU companies had implemented advanced digital technologies by 2022
WTO: EU Council approves agreement on illegal fishing subsidies in Geneva
FISHERIES: MEPs approve conclusion of new EU/Mauritius agreement
FISHERIES: MEPs green-light new rules for fishing in Mediterranean