On 31 March, the Commission launched an online public consultation on the Health Emergency Preparedness and Response Authority (HERA). Increasing the participation of citizens and stakeholders in the law and policy-making is an important goal of the Commission's better regulation agenda. Latham & Watkins operates in South Korea as a Foreign Legal Consultant Office. Earlier this year, the European Green Deal and the Commission’s Communication on the COVID-19 recovery plan confirmed that sustainability should be further embedded in companies’ corporate governance framework. Learn more about the many ways you can contribute to the law-making process. In the Commission’s view, taking an approach that emphasises sustainability will contribute to the post-pandemic recovery by nurturing the long-term resilience of companies and improving the predictability and management of risks. These options include: Search a database of initiatives that are subject to public consultation and participate at different stages in the law and policy-making process by giving feedback. Executive summary. Results depend upon a variety of factors unique to each representation. Express your views on EU laws and policies by responding to open public consultations launched by the European Commission. The Commission is seeking views from a broad range of stakeholders, including, in particular, businesses and their directors as well as investors, environmental organisations, and public authorities that may have a role in supervising the new rules. The EU Commission is seeking input on a law that could help end corporate abuse. Artificial intelligence (AI) is a strategic technology that offers many benefits for citizens and the economy. Portions of this blog may constitute attorney advertising. Search open and closed consultations as well as feedback opportunities or sign up to receive email notifications to stay informed of any new consultations. Through its consultation, the Commission appears to be receptive to such proposals. BEIJING, BOSTON, BRUSSELS, CHICAGO, DUBAI, DÜSSELDORF, FRANKFURT, HAMBURG, HONG KONG, HOUSTON, LONDON, LOS ANGELES, MADRID, MILAN, MOSCOW, MUNICH, NEW JERSEY, NEW YORK, ORANGE COUNTY, PARIS, RIYADH*, SAN DIEGO, SAN FRANCISCO, SEOUL, SHANGHAI, SILICON VALLEY, SINGAPORE, TOKYO AND WASHINGTON, D.C. * IN COOPERATION WITH THE LAW OFFICE OF SALMAN M. AL-SUDAIRI. Background. Citizens and stakeholders provided their feedback until 14 June 2020. EBA response to the European Commission Public Consultation on Non-Financial Reporting Directive (NFRD) 11 June 2020 . It shows that only one in three businesses claim to undertake due diligence “takes into account all human rights and environmental impacts”. The consultation aims to gather the views of stakeholders on the need and objective for EU intervention as well as different policy options, and to assess the costs and benefits of each option. [su_note note_color="#ffffff" text_color="#3e3e3e" radius="0"] On 19 February 2020, the European Commission published its White Paper on Artificial Intelligence and launched a public consultation on AI. On February 11, 2021, the European Commission launched a public consultation on its initiative to fight child sexual abuse online (the “Initiative”), which aims to impose obligations on online service providers to detect child sexual abuse online and to report it to public authorities. The European Commission wants to strengthen the legislative framework of geographical indication Even before the COVID-19 pandemic, sustainability was considered key to the future of the European Union — the Commission has confirmed this is even more the case now. The consultation seeks to establish a strategic framework aimed at ensuring high standards of protection for workers. TO THE EUROPEAN COMMISSION’S PULI CONSULTATION ON AN AML/CFT ACTION PLAN AND THE ESTABLISHMENT OF AN EU-LEVEL AML/CFT SUPERVISOR . The European Commission launched a public consultation on the upcoming revision of the EU’s geographical indications legislation, which was announced as part of the EU’s Farm to Fork Strategy. Do not include confidential information in comments or other feedback or messages left on the Global Privacy & Security Compliance Law Blog Blog, as these are neither confidential nor secure methods of communicating with attorneys. Objective of the consultation. The purpose of this communication is to foster an open dialogue and not to establish firm policies or best practices. On 7 February 2020, the European Commission (the Commission) opened a Public Consultation to strengthen the exchange of information framework in the field of taxation (the Consultation). Share. The European Commission on Wednesday began its consultation on the rights of gig economy workers whose labour is governed by digital platforms. REVIEW OF THE NON-FINANCIAL REPORTING DIRECTIVE . You can access the consultation here. The proposed initiative would embed sustainability in companies’ corporate governance frameworks and their business strategies. BRUSSELS, 15 March 2021 – The European Banking Federation has responded to the European Commission’s consultation on the e stablishment of a European single access point (ESAP) for financial and non-financial information publicly disclosed by companies. Introduction 6 2. This study shows a trend of listed companies focussing on the short-term benefits of shareholders rather than on the long-term interests of the company. In addition, environmental law charities such as ClientEarth have advocated for introducing mandatory due diligence rules in relation to sustainability issues in supply chains. European Commission Launches Consultation on Sustainable Corporate Governance, The Road to Developing an ESG Global Standard, review of the Non-Financial Reporting Directive, Whether companies and their directors should take account of stakeholder interests alongside the financial interests of shareholders, The interests that are relevant to the long-term success and resilience of companies, Whether directors should be required to balance the interests of all stakeholders, instead of focusing on the short-term financial interests of shareholders, as part of their duty of care, Whether sustainability risks and opportunities should be integrated into companies’ strategies, Whether stakeholders should be given a role in the enforcement of directors’ duty of care, A possible corporate due diligence duty requiring companies to establish and implement adequate processes with a view to preventing, mitigating, and accounting for human rights, health, and environmental impacts in companies’ operations and supply chains, Options to counter executive remuneration promoting a short-term focus, Options to enhance sustainability expertise in the board. The Consultation focuses on the collection and exchange of data from digital platform providers. European Commission: new consultation on Sustainable Corporate Governance The Commission published the findings of its study on directors’ duties and sustainable corporate governance. Executive summary. On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. As part of the European Commission's public consultation for an EU corporate human rights and environmental due diligence legislative proposal, the cabinet of Commissioner Reynders will have an open and public exchange with three business & human rights advocates from the Global South on the 13th Jan from 15:00 to 16:00 CET (14:00 to 15:00 GMT). On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework. The consultation mentions three policy options but no details on how they would be implemented. On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework. In any particular case, you should consult with lawyers at the firm with the most experience on the topic. The current consultation builds on the below studies, which also form a substantial part of the preamble to the Commission’s questionnaire. Any testimonial or endorsement on this profile does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. Search a database of initiatives that are subject to public consultation and participate at different stages in the law and policy-making process by giving feedback. European Commission to launch consultation on the EU Strategy for Textiles. BRUSSELS, 1 February 2021 – The European Banking Federation (EBF) welcomes the opportunity to respond to the European Commission’s consultation on its published Data Governance Act and recognizes that its different pillars will contribute to establishing a Single Market for Data in the EU. European Commission Launches Consultation on Health and Safety at Work By Latham & Watkins LLP on December 21, 2020 Posted in Environmental Litigation. Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practices in Hong Kong and Japan. The response recommends standardising disclosure requirements, widening the range of companies required to report and ensuring consistency between Recently, the European Commission opened a public consultation on the digital levy under its agenda for a fair and competitive digital economy. Home > Environmental Litigation > European Commission Launches Consultation on Health and Safety at Work. In a similar vein, the Next Generation EU plan, adopted in May 2020, confirms the Commission’s intention to ensure that environmental and social interests are “fully embedded into business strategies”. On 19 February 2020, the European Commission launched a Consultation on Artificial Intelligence. It will help the European Commission focus its efforts and resources on the priority countries and on the specific areas of concern, with the aim of improving IPR protection and enforcement worldwide. Pillar 1: ensuring the effective implementation of the existing EU AML/CFT framework 7 The study shows that listed companies within the EU still tend to focus on short-term benefits of shareholders rather than on the long-term interests of companies. According to the European Green Deal, “many companies still focus too much on short-term financial performance compared to their long-term development and sustainability aspects”. Home > European Environmental and Public Law > European Commission Launches Consultation on Sustainable Corporate Governance. The European Commission has launched a consultation on key elements of the prudential framework for insurance and reinsurance firms required by the Solvency II Directive. Part of the EU’s answer to the COVID-19 pandemic and a strong European Health Union, HERA aims to improve Europe’s capacity and readiness to respond to cross-border health threats and emergencies. Read the response by AlgorithmWatch that we submitted to the Commission … At any moment, you are also invited to provide the Commission with your views on how to make EU laws more effective and efficient via Lighten the load. The consultation also seeks to gain an overview of national frameworks, enforcement mechanisms, and current jurisprudence. Executive summary. Participants to the consultation may now submit their written views before the closing date on 10 September 2020, and these will be taken into consideration as the Commission prepares its guidance on Article 17. On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. Depending on your specific situation, answers other than those outlined in this blog may be appropriate. Citizens can contribute to public consultations and various feedback mechanisms throughout the policy cycle and consult related documents as well as contributions received. Article 69 of AIFMD requires the EC to review the application and the scope of AIFMD. European Commission Consultation on Proposed Due Diligence Law. The public consultation will be one of the tools used to help improve the IPR systems in third countries. CONSULTATION DOCUMENT . (To read about stakeholders’ efforts to harmonise frameworks, see Latham’s blog post The Road to Developing an ESG Global Standard.). The consultation questionnaire contains 26 substantive questions and enquires on matters including: Notably, the Commission’s current initiative is complementary to the review of the Non-Financial Reporting Directive, which requires large public-interest companies to disclose non-financial information. CONSULTATION RESPONSE x European Commission’s consultation on the Data Governance Act: EBF Response. The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today sent a letter to the European Commission consultation on the review of the European Long Term Investment Funds (ELTIF) Regulation. On 14 January 2021, the European Commission (the Commission) published a roadmap including a public consultation for the introduction of a digital levy. EBA RESPONSE TO COMMISSION’S AML/FT AT ION PLAN CONSULTATION Contents List of figures 3 Executive Summary 4 1. The Commission has launched a public consultation on the revision of the rules on electronic identification and trust services for electronic transactions in the internal market, the eIDAS Regulation. Latham & Watkins works in cooperation with the Law Office of Salman M. Al-Sudairi in the Kingdom of Saudi Arabia. In order to assess further obstacles to businesses’ transitions to an environmentally and socially sustainable economy, the Commission undertook two market studies. ESMA highlights the key topics of the ELTIF review where we see the need to consider amendments to this framework. Study on directors’ duties and sustainable corporate governance. The research concludes that a cross-sectoral regulatory measure at the EU level is preferable to specific frameworks. Latham & Watkins will continue to monitor developments in this area. 13/11/2020 On 12 November, the European Commission published for consultation its long awaited revised draft Standard Contractual Clauses (SCCs). The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a revision of the Non-Financial Reporting Directive (NFRD). Study on due diligence requirements through the supply chain. Prior results do not guarantee a similar outcome. This post was written with the assistance of Sabina Aionesei in the London office of Latham & Watkins. There are various opportunities to contribute to EU law-making as it evolves – from the preparation phase through to proposals for new laws and evaluations of how existing laws are performing. On 26 October 2020, the European Commission (the Commission) launched a public consultation on a proposed sustainable corporate governance framework. The European Commission launched a major review of the European Union’s trade policy, including a public consultation seeking input from the European Parliament, Member States, stakeholders and civil society. European Commission launched a public consultation about a Communication on a Europe’s digital decade: 2030 digital targets 12.02.2021 The COVID-19 pandemic and its impact on economy and society have underlined the crucial role of digital technologies for people andbusinesses. Your use of this blog site alone creates no attorney client relationship between you and Latham & Watkins LLP. On February 2, ISDA, FIA and the FIA European Principal Traders Association (EPTA) submitted a joint response to the European Commission’s (EC) consultation on the settlement discipline regime under the Central Securities Depositories Regulation (CSDR). It suggests that sustainability is often overlooked and that EU intervention is required to strengthen the role of directors pursuing long-term company profitability and integrating sustainability. This study focuses on due diligence’s role in addressing adverse sustainability impacts, such as climate change and human rights issues. Needless to say, this is not a substitute for legal advice or reading the rules and regulations we have summarized. This site is managed by the Directorate-General for Communication, Aid, Development cooperation, Fundamental rights, About the European Commission's web presence, Follow the European Commission on social media. Given the European Commission's ongoing efforts to establish a capital markets union (CMU), on 22 October 2020, the European Commission (EC) published the much anticipated public consultation on AIFMD review. On December 23, 2020, the European Commission (the “Commission”) published its inception impact assessment (“Inception Impact Assessment”) of policy options for establishing a European Health Data Space (“EHDS”). About the European Commission; Service standards and principles; Transparency; Consultations; Consultations. The consultation closes on 8 February 2021.
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