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Europe Daily Bulletin No. 13371

15 March 2024
Contents Publication in full By article 31 / 45
ECONOMY - FINANCE - BUSINESS / Finance
Retail investment, Belgian Presidency of Council proposes to restrict partial ban on inducements to sale of complex financial products without advice
Brussels, 14/03/2024 (Agence Europe)

Last May, in its initiative to revise the retail investor protection rules amending the MiFID and IDD directives, the European Commission proposed a partial ban on ‘inducements’, the commissions received by advisers, brokers and other intermediaries of an investment fund for the sale of a product(see EUROPE B13187A21).

In Parliament, opinions differ from one political group to another(see EUROPE B13353A10), as they do in the Council of the EU, where some Member States support a total ban...

Contents

INSTITUTIONAL
Interview EP2024: Sandro Gozi is confident that Renew Europe platform will be represented in ‘top jobs’ after European elections in June
DEMOCRACY: European Parliament political groups agree to move ahead with setting up European Ethics Body
Russian invasion of Ukraine
NATO: Jens Stoltenberg believes that military support for Ukraine is a question of political will, not capabilities
SECURITY - DEFENCE
NATO: defence, Jens Stoltenberg calls for rivalry between EU and NATO to be avoided
EXTERNAL ACTION
TRADE: Parliament closes door on negotiations with Council on Generalised Scheme of Preferences
RUSSIA: EU and NATO predict a presidential election that will “not be free and fair”
UNITED STATES: Ukraine and Gaza at heart of discussions between Borrell and Blinken
EUROPEAN PARLIAMENT PLENARY
HUMANITARIAN AID: European Parliament calls on Israel to open all crossing points into Gaza
VENEZUELA: European Parliament calls on EU to impose sanctions on Nicolás Maduro
AFGHANISTAN : European Parliament condemns repressive environment in Afghanistan, including violence against women
TUNISIA: MEPs call on Commission to clarify its decision to use emergency written procedure for €150 million aid measure
BUDGET: European Parliament approves provisional agreement on recast of EU fiscal rules
BUDGET: MEPs vote in favour of budget guidelines for 2025
COHESION: increasing budget allocated to cohesion policy after 2027 “essential”, say MEPs
SOCIAL/ECONOMY : MEPs concerned about deteriorating living conditions of Europeans
ANIMAL HEALTH: MEPs are divided over results achieved in improving animal welfare
TRANSPORT: European Parliament supports rationalisation of reporting obligations in road transport and aviation
FUNDAMENTAL RIGHTS : despite need for unanimity in Council, MEPs debate inclusion of right to abortion in EU Charter of Fundamental Rights
FUNDAMENTAL RIGHTS : after transphobic attack in Thessaloniki, European Parliament discusses need for solidarity and legislative measures to combat anti-LGBTQI hatred
JAPAN: European Parliament gives green light to EU-Japan agreement on circulation of data
INDUSTRY : provisional agreement on industrial designs approved by European Parliament
COURT OF AUDITORS: European Parliament supports candidacy of new Italian member
FINANCE: MEPs approve European Parliament/EU Council agreement on recasting Financial Regulation
SECTORAL POLICIES
DIGITAL: Commission launches formal proceedings against AliExpress for infringement of DSA rules
DIGITAL: European Commission requests additional information on generative AI and targeted advertising from several digital platforms
INTERNAL MARKET/HOME AFFAIRS: European co-legislators tighten EU rules on import and export of civilian firearms
CONSUMERS: product safety, cosmetics topped list of safety alerts issued by Member States in 2023
ENERGY: Maroš Šefčovič wants to maximise potential of forest bioeconomy
ENERGY: ACER suggests how to improve Regional Electricity Coordination Centres’ reporting
AGRICULTURE : EU farming organisations welcome European Parliament vote on trade measures applicable to Ukrainian products
ECONOMY - FINANCE - BUSINESS
FINANCE: retail investment, Belgian Presidency of Council proposes to restrict partial ban on inducements to sale of complex financial products without advice
ECB: new operational framework – Isabel Schnabel explains rationale behind Governing Council’s decisions
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS : victims’ rights, MEPs vote on draft report
COUNCIL OF EUROPE
GENDER EQUALITY: despite legal recognition, trans people are still exposed to violence and discrimination, says Commissioner for Human Rights
COURT OF JUSTICE OF THE EU
STATE AID: Court of Justice convicts United Kingdom of infringing EU law
DIGITAL : five EU countries ordered to pay penalties for failure to transpose revised Electronic Communications Code
DIGITAL: CJEU rules a Member State’s data protection authority may order it to delete personal data processed unlawfully
TRANSPARENCY: EU Council convicted of refusing full access to opinion by its legal service
NEWS BRIEFS
ENERGY: ACER updating REMIT to improve reporting of LNG supply contracts and PPAs
ENVIRONMENT: Natura 2000 Award, European Commission opens voting to select next winner of European Citizens’ Award
RULE OF LAW : European Parliament ready to refer Commission to Court of Justice over funds released for Hungary
FINANCE: European Commission renews insurance equivalence framework for United States
TAXATION: European Commission consults on tax dispute resolution
RESEARCH: 43 projects will share €159 million and EIC’s support to carry out cutting-edge research
SYRIA: Josep Borrell calls not to forget unresolved conflict