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Image header Agence Europe
Europe Daily Bulletin No. 13678
Contents Publication in full By article 32 / 40
ECONOMY - FINANCE - BUSINESS / Finance

Retail investment – progress made on rules governing ‘finfluencers’ in negotiations between Parliament and EU Council

Progress was made on Wednesday 9 July in the negotiations on the retail financial investment package between representatives of the European Parliament and the Danish Presidency of the Council of the European Union (trilogue).

The main advance concerns ‘finfluencers’, individuals who promote financial products to the general public on behalf of financial companies. As MEPs have been advocating, ‘finfluencers’ will have to sign a contract with the issuer of the financial products...

Contents

EUROPEAN PARLIAMENT PLENARY
EUROPEAN COMMISSION : European Parliament rejects motion of censure against ‘von der Leyen II’ Commission
BUDGET: European Social Fund, new own resources... European Parliament’s political groups outline their priorities for post-2027 MFF
AGRICULTURE : expected reduction in 2028-2034 CAP budget worries MEPs
COHESION: European Parliament discusses citizens’ initiative in favour of preserving regional cultures
FUNDAMENTAL RIGHTS: European Parliament calls for defence of fundamental rights and relaunch of anti-discrimination directive following Pride in Budapest
RESEARCH: European Parliament calls for streamlined regulation of biotechnology and biomanufacturing sectors in EU
DEVELOPMENT : left and centre-right groups in European Parliament call for ambitious development aid
CHINA: MEPs condemn Chinese export restrictions on rare earths
SYRIA: European Parliament condemns attack on Mar Elias church
CAR: European Parliament calls for release of Belgian-Portuguese researcher Joseph Figueira Martin
UNITED ARAB EMIRATES: MEPs call for release of Ryan Cornelius
INDUSTRY: European Parliament adopts position on ‘omnibus’ simplification text on batteries
SECTORAL POLICIES
CLIMATE: amid dissent over 2040 target and a tight timetable, Member States try to make progress on EU’s ambitions before COP30
ENVIRONMENT: PFAS – at an informal meeting, Danish Council Presidency subjects European ministers to a blood test to raise awareness among general public
AGRICULTURE : European ministers to discuss proteins, agricultural markets and trade agreement with Ukraine on 14 July
AGRICULTURE : direct payments post-2027 should be primarily targeted at active farmers, according to European Parliament’s Renew Europe group
DIGITAL : ‘General-Purpose AI Code of Practice’ unveiled in extremis by European Commission
DIGITAL : Poland officially asks EU to use DSA to investigate anti-Semitic posts by Grok, X’s AI chatbot
DIGITAL: TikTok retracts its declarations regarding data transfers to China, EU opens a new investigation procedure
MIGRATION: common list of safe countries of origin – Danish Presidency of EU Council would not favour addition of new third countries at this stage
MIGRATION: European Commission to closely monitor Greek plan to suspend right to asylum for people arriving by sea from North Africa
TRANSPORT: number of obstacles continue to limit creation of single European railway area, according to European Commission
ENERGY: ACER does not recommend use of products to reduce electricity demand peaks outside of price crisis situations
COHESION: cohesion policy must remain in hands of regions and local authorities, says S&D Group in European Parliament
Russian invasion of Ukraine
UKRAINE: European Commission announces new €2.3 billion package to support reconstruction of country
AGRICULTURE/TRADE: Copa-Cogeca agricultural organisations and cooperatives denounce “disproportionate” agricultural quotas for future of trade with Kyiv
EXTERNAL ACTION
MIDDLE EAST: EU High Representative highlights “important measures” agreed by Israel to improve humanitarian situation in Gaza
MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
EDUCATION: European Commission wants to incorporate ‘European Solidarity Corps’ into post-2027 Erasmus+ programme
BUDGET: European Parliament’s Renew Europe group wants “more Europe” in post-2027 MFF
INSTITUTIONAL
BUDGET: Member States approve EU Council’s initial position on 2026 draft budget
ECONOMY - FINANCE - BUSINESS
CUSTOMS: Presidency of EU Council will start process of establishing criteria for allocating seat of future Authority before summer break
FINANCE: retail investment – progress made on rules governing ‘finfluencers’ in negotiations between Parliament and EU Council
MONEY LAUNDERING: Transparency International finds it regrettable that European Parliament did not oppose UAE’s removal from EU list of high-risk third countries
COURT OF JUSTICE OF THE EU
AGRICULTURE : Commission was within its rights, in 2022, to allow member states to deviate from conditions of green payments after war in Ukraine
INTELLECTUAL PROPERTY: CJEU advocate general says EU countries can, under certain conditions, support effectiveness of press publishers’ rights
INTELLECTUAL PROPERTY: €8.3 million fine imposed on Poland for failing to transpose directive governing copyright and related rights
SYRIA: General Court annuls EU sanctions against one of Bashar Al-Assad’s uncle’s widows
NEWS BRIEFS
CHINA: business roundtable has finally been scheduled on margins of EU-China summit on 24 July
CYPRUS: just days ahead of new talks in New York, European Commission reiterates its support for process to resolve Cyprus issue
COMPETITION: European Commission launches a consultation process on future of EU procedures for enforcing competition rules