EIOPA consults on the amendments of supervisory reporting and disclosure requirements – Eiopa European Commission
EIOPA consults on the amendments of supervisory reporting and disclosure requirements – Eiopa European Commission
The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the amendments of supervisory reporting and disclosure requirements under Solvency II.

After a number of years of the implementation of Solvency II and the information received by national supervisory authorities it is important to ensure that the regular supervisory reporting remains fit for purpose. The analysis over the last years lead to a number of proposals to amend the Solvency II Directive and its Delegated Regulation. These were put forward by EIOPA in the Opinion on the 2020 review of Solvency II. However, the experience also showed that there is a need to implement amendments to reporting requirements within the current legal framework, without waiting for the Solvency II review.

In this consultation paper, EIOPA proposes amendments to the reporting requirements, which are mainly based on the Report on quantitative reporting templates published together with the 2020 Solvency II Opinion. In addition to those changes, the proposals include simplification of quarterly reporting for all undertakings, elimination of some reporting templates for all undertakings and new thresholds to promote better risk-based and proportionate reporting requirements. This will lead to a reduction of the number of templates to be reported for the majority of the undertakings.

EIOPA proposals on the review of the reporting requirements should bring several benefits, which will ultimately lead to a better protection of policyholders:

  • Reduction of reporting costs for the majority of insurance undertakings;
  • Inclusion of information needed for supervisory purposes focusing on emerging risks and new areas for which supervisors identified a number of data gaps;
  • A more fit-for-purpose reporting, for example reducing and simplifying when possible but also accommodating gaps identified by supervisors.

EIOPA invites all interested stakeholders to provide comments to the amendments by e-mail to CP-21-002@eiopa.europa.eu by 17 October 2021.

Consultation on the amendments of supervisory reporting and public disclosure documents

Background

EIOPA proposals concern the amendments to the Implementing Technical Standards on Disclosure, Implementing Technical Standards on Reporting and to the EIOPA Guidelines on the supervision of branches of third country insurance undertakings as well as EIOPA Guidelines on reporting for Financial Stability Purposes.

Spain and Serbia dismantle Serbian marijuana trafficking network
Spain and Serbia dismantle Serbian marijuana trafficking network

Spanish and Serbian authorities have dismantled a large-scale drug trafficking network through a joint investigation team (JIT). In both countries, 43 members of a Serbian organised crime group have been arrested for their involvement in producing and distributing marijuana and hashish.

During a major action day in Serbia and Spain on 28 June 2021 and during interventions against the organised crime group in January, the Spanish Guardia Civil and the Serbian Police carried out 19 searches and seized over 17 000 marijuana plants, over 880 kilos of marijuana buds, and at least 130 kilos of produced marijuana and hashish resins. Approximately EUR 250 000 in cash was also seized. 

Europol’s and Eurojust’s support of Operation Mitikas

Europol, as a platform for European policing solutions, was involved in the case since March 2020. Throughout 2020 and early 2021, European Serious and Organised Crime Centre (ESOCC) of Europol supported Operation MITIKAS through the Drugs Unit by cross-checking information received, providing analytical support, and facilitating the coordination of the information exchange between Spain and Serbia. Two Europol specialists were deployed to Spain and Serbia equipped with a mobile office and a Universal Forensic Extraction Device. Information gathered during the operation was analysed and exchanged in real-time and immediately cross-matched against Europol’s databases.

Eurojust, the European Union Agency for Criminal Justice Cooperation initiated the cross-border judicial cooperation in November 2020, leading to the setting up of the first JIT between Spain and Serbia. It was the first time the Spanish authorities had initiated a JIT with a third country. 

Operation Mitikas was developed in the framework of the European Multidisciplinary Platform against Criminal Threats (EMPACT) and the operational action plan on cross-border drug trafficking sourced by large-scale herbal cannabis production in the EU. 

The cannabis market in the European Union

The cannabis market remains the largest drug market in the EU, and cannabis trafficking will remain a significant source of income for a wide range of criminal networks. The trade in cannabis but also in other drugs such as cocaine and synthetic drugs is a key threat to the EU due to the levels of violence associated, the multibillion euro profits generated and the substantial harm caused by it. 

Herbal cannabis is extensively produced within the EU, with estimates indicating that at least 20 000 cultivation sites are dismantled each year, and is a major source of income for the criminal economy. Although herbal cannabis is produced in each EU Member State, this may not be sufficient to satisfy local demand; therefore, intra-EU trafficking exists as it has been shown in Operation Mitikas.

In 2010 the European Union set up a four-year Policy Cycle to ensure greater continuity in the fight against serious international and organised crime. In 2017 the Council of the EU decided to continue the EU Policy Cycle for the 2018 – 2021 period. It aims to tackle the most significant threats posed by organised and serious international crime to the EU. This is achieved by improving and strengthening cooperation between the relevant services of EU Member States, institutions and agencies, as well as non-EU countries and organisations, including the private sector where relevant. Drug trafficking is one of the priorities of the Policy Cycle.
Signature of new Service Level Agreement (SLA) between the EUIPO and the CPVO
Signature of new Service Level Agreement (SLA) between the EUIPO and the CPVO

The European Union Intellectual Property Office (EUIPO) and the Community Plant Variety Office (CPVO) signed a new Service Level Agreement (SLA) which entered into force on 21 July 2021.

The EUIPO and the CPVO operate in the field of intellectual property (IP) rights with similar operational and budgetary structures, which are based on fees charged for services provided to the industry. The EUIPO manages the registration of trade marks and designs while the CPVO is in charge of plant variety rights. Both organisations are part of a network of 48 decentralised EU agencies working to implement EU policies in fields as diverse as space, medicines, education fundamental rights or IP.

The scope of the new SLA is wide and covers a series of key activities in different operational and administrative areas, such as the organisation of webinars on IP matters, the sharing of information in the context of the eSearch case-law database, as well as cooperation on data protection, internal audit, development and deployment of IT services, training, and HR selection procedures.

This new SLA shows that the EUIPO and the CPVO are ready to continue cooperating and sharing services to strengthen their strategic partnership and generate effective economies of scale while respecting one another’s autonomy and field of work.

The EUIPO and the CPVO have cooperated and shared services in the past in line with the recommendations of the Common Approach promoted by the European Commission which proved  to contribute to the increase of their efficiency and accountability. Earlier this year, an SLA was signed on EUIPO support to the CPVO Board of Appeal.

Closer partnership between EU agencies improve efficiencies, reducing administrative burden and creating services of higher quality for their respective stakeholders, including companies, Member States and EU citizens. 

More information on the work of the EU Agencies

A new EU Anti-Money Laundering Authority
A new EU Anti-Money Laundering Authority

Remarks by Executive Vice-President Dombrovskis at the press conference on the Anti-money laundering package

European Commission Speech Brussels, 20 Jul 2021 

Ladies and gentlemen,

Financial crime generates billions of euros in dirty money every year. At any one time, we know that criminals are filtering at least some of their proceeds through the EU financial system.

Experts estimate that around 1% of the EU’s annual GDP is linked to suspect financial activity. While the scale of laundering is difficult to assess, we are talking about many billions of euros in dirty money that is highly mobile and often invisible.

Laundering money is an offence in its own right.

But it is also closely linked to other forms of serious and organised crime as well as the financing of terrorism.

The EU has worked on anti-money laundering – or AML – over many years, with the first AML Directive issued thirty years ago.

We have come a long way since. As criminals have become more imaginative, our laws have had to keep up with this.

However, despite extensive international cooperation and increasingly sophisticated EU legislation, money laundering remains a serious problem.

That became very clear after a major money-laundering scandal hit multiple banks across Europe in 2019.

Our AML laws are now among the toughest in the world, but still not enforced equally across the board. And there are still loopholes in our financial system that we need to close.

We also need to coordinate better between EU countries to fight cross-border financial crime.

All in all, a chain is only as strong as its weakest link – and criminals will move quickly to exploit any weakness they can find.

With today’s package, we are following up on the AML action plan we presented last year.  

First, we intend to create a new EU Anti-Money Laundering Authority – or AMLA.

It will strengthen the supervision of anti-money laundering and countering financing of terrorism in all EU countries.

AMLA will not replace national authorities but coordinate them to make sure that EU rules are enforced correctly and consistently.

It will directly supervise only some of the most risky financial institutions which operate across multiple EU countries or which need action to deal with immediate threats.

Second, we will devise a single rulebook to clarify, strengthen and align AML obligations across all EU countries.

In a sense, this is similar to what we did for banks after the 2008 financial crisis: creating single rulebooks and an EU supervisor.

We will also propose a ceiling of €10,000 for large transactions in cash.

Then, I mentioned our laws having to keep up with time and technological development. In the case of crypto-assets, this has become urgent. Crypto-assets are increasingly used for money laundering and other criminal purposes.

We will now bring crypto-assets fully within the scope of EU AML rules. All transfers of crypto-assets must be accompanied by the details of sender and beneficiary.

This already applies for real money transfers. 

Lastly – the international dimension.

Money laundering does not stop at the EU’s borders.

It is a global challenge that demands a global response.

We must make sure that illicit money flows from outside the EU do not threaten our financial system.

Our approach here should reflect the actual risks involved. This is why we are taking a new differentiated approach regarding non-EU countries: a black list and a grey list.

We will list countries either based on the assessment of the Financial Action Task Force, the international watchdog – or, if the Commission finds that a country poses a threat to the EU’s financial system, then the Commission will do it autonomously.

Mairead will present this in greater depth.

Ladies and gentlemen,

We have heard the wake-up calls, taken note and taken action.

It is our responsibility to provide a safe and inclusive Europe where dirty money has no place to hide. Thank you and now over to Mairead.

The collapse of the lira has put 18 million people in poverty in Turkey
The collapse of the lira has put 18 million people in poverty in Turkey

More and more Turks are suffering from the collapse of the pound. Anyone who can save something is looking to turn it into gold or hard currency. Gasoline, food, travel – everything is getting more expensive. What are people afraid of, says Deutsche Welle.

Essential goods are becoming more expensive and this is felt by everyone. Officially, annual food inflation in May was 17.5% – about one percent higher than headline inflation in Turkey, according to a report by Istanbul’s Neue Zurcher Zeitung. Author Volker Pabst explains that at the beginning of last year a dollar was exchanged for less than 6 Turkish lira, and now – for 8.70 lira.

“Gasoline and fertilizers always go up when the dollar rises. That’s why farmers sell their produce more expensively,” said a fruit and vegetable vendor at a market in Istanbul’s central Fatih district.

Meat has become a luxury

A butcher’s salesman adds that meat has become a luxury for many people and says that last year he received deliveries of meat 3 times a week from the slaughterhouse, and now only one delivery is enough because he sells significantly less.

When there was a similar jump in prices in Turkey two years ago, President Recep Tayyip Erdogan accused traders of pumping up inflation. Especially people from the poorer social strata in Turkish society feel the increase is very severe and are forced to take into account every pound. They give about 1/3 of their income only for food.

Why does the Turkish lira not stop falling?

Earlier this year, the minimum wage in Turkey was raised by 21.6% and currently stands at 2,826 pounds. In big cities, however, this money is not enough for anything. The Türk-Is union sets the poverty line for a family of four at £ 8,197. If international criteria are taken as a basis, it turns out that almost 18 million Turks live in poverty, Neue Zurcher Zeitung commented, recalling that even before the pandemic, the country had experienced great economic difficulties.

The publication quotes Meryem Meric, who has a small fabric workshop. “If I have some money left, I buy one gram of gold. I prefer it to buying dollars,” she said. At present, one gram of Turkish gold costs about 500 pounds. However, many people also invest in hard currency. In June, the total savings of Turkish citizens in foreign currency exceeded those in Turkish lira. And even at the high interest rate of 18%, with which interest rates are deposited, they are completely “eaten” by inflation.

The risk factor is Erdogan’s policy

President Erdogan’s current economic problems and inconsistent policies pose a huge risk to Turkish citizens, who fear a new devaluation of their money. In this regard, ARD reminds on its website that the Turkish president has long been opposed to high interest rates as a means of combating inflation. In the last two years, he has replaced three central bank governors. But each time it led to a new depreciation of the pound and a new jump in inflation.

In early June, inflation reached levels of nearly 15%, which was its highest value since the end of 2019 so far, according to Business Insider. For comparison: in the euro area inflation at the beginning of this year was 1%. The depreciation of income and savings mainly affects food prices, with vegetables, fruits, eggs, oil and milk rising the most.

Intervention du président Charles Michel à l'issue de sa rencontre avec le Premier ministre par intérim, Nikol Pachinian, à Erevan
Intervention du président Charles Michel à l’issue de sa rencontre avec le Premier ministre par intérim, Nikol Pachinian, à Erevan

Merci, Monsieur le Premier ministre, cher Nikol,

C’est un plaisir pour moi, un honneur pour moi, d’être de retour dans votre beau pays, l’Arménie. J’avais eu l’occasion de vous rendre une visite officielle il y a trois ans, dans le cadre du sommet de la francophonie en ma qualité de Premier ministre belge. Et ce matin, j’ai eu l’occasion de me rendre au Mémorial du génocide où trois ans plus tôt, j’avais symboliquement planté un arbre en mémoire des victimes, en ma qualité, à l’époque, de Premier ministre belge. Je souhaite tout d’abord, de vive voix, vous féliciter pour les résultats électoraux à la suite de ce processus électoral qui donne un mandat, qui donne une légitimité, pour agir sur le terrain démocratique, sur le terrain politique. Et je forme le vœu, au nom de l’Union européenne, qu’il y ait la capacité pour l’ensemble des acteurs politiques de ce pays d’être animés par un esprit constructif afin de réussir à coopérer, à travailler pour relever les défis auxquels le pays est confronté. L’Union européenne a l’ambition d’être un partenaire loyal, un partenaire engagé, un partenaire actif pour la prospérité, pour la stabilité et pour la sécurité. Et dans ce cadre-là, nous avons eu l’occasion d’aborder nos relations bilatérales, pour commencer, entre l’Arménie et l’Union européenne. Et effectivement, je suis porteur d’un message fort parce que je me tiens devant vous et avec vous pour vous confirmer cette décision de l’Union européenne de mobiliser un paquet financier sans précédent: 2,6 milliards d’euros qui sont engagés pour soutenir les priorités de l’Arménie. Et vous avez eu, Monsieur le Président, l’occasion de mentionner les priorités au départ desquelles les équipes, vos équipes, vont coopérer avec les équipes de l’Union européenne pour faire en sorte que ces moyens financiers ne soient pas des moyens virtuels ou théoriques, mais que le plus rapidement possible, ils puissent se traduire en projets concrets pour soutenir les ambitions des autorités arméniennes dans les différents secteurs: le secteur des infrastructures, les ambitions en matière digitale, les ambitions en matière climatique, en matière de transport, ou encore les efforts pour poursuivre l’agenda des réformes démocratiques, des réformes afin de soutenir davantage de gouvernance, davantage de capacité, d’efficacité, pour rencontrer les aspirations des citoyens.

Enfin, nous faisons face partout dans le monde à une pandémie: la COVID-19. Nous avons aussi tenté de mobiliser des efforts au départ de l’Union européenne, vous l’avez mentionné. Nous allons continuer à être solidaires. Je voudrais mentionner que l’Union européenne est la grande région démocratique dans le monde qui a fait le choix, depuis le début de la production de technologies vaccinales, d’exporter des vaccins. Nous avons fait le choix d’exporter 50%, plus ou moins, des vaccins produits chaque mois. Nous avons fait le choix de mobiliser aussi des capacités afin de soutenir le projet COVAX pour que l’ensemble des pays du monde aient accès à des technologies vaccinales. Et les chefs d’État et de gouvernement ont décidé avant la fin de l’année, au delà de ce qui a déjà été fait, de mobiliser au minimum, avant la fin de l’année, 100 millions de doses pour faire en sorte qu’il y ait des capacités de technologie vaccinale qui soient accessibles le plus possible partout dans le monde. Parce que nous ne serons pas en sécurité tant que tout le monde ne sera pas en sécurité, s’agissant de cette crise de la COVID-19.

Une autre raison de ma présence en Arménie, et plus largement dans la région, demain en Azerbaïdjan, lundi en Géorgie, est la manifestation de l’engagement de l’Union européenne pour cette région, le Sud-Caucase. Nous voulons renforcer les connexions, nous voulons renforcer les liens entre les pays de cette région et l’Union européenne, et nous voulons préparer, vous y avez fait allusion, le sommet qui aura lieu avec l’ensemble des pays du Partenariat oriental – à l’exception du Bélarus qui a annoncé la suspension de sa participation au Partenariat oriental – sommet qui aura lieu au mois de décembre. Dans ce cadre-là, il est important pour moi d’être à l’écoute des différents responsables politiques dans les pays pour voir de quelle manière on peut, au mois de décembre, faire de ce sommet un succès pour donner un nouvel élan, pour donner de nouvelles forces. Et dans les prochaines semaines, ce que nous souhaitons faire, dans les prochains mois, c’est continuer à travailler avec vous, Monsieur le Premier ministre, afin de progresser sur un certain nombre de sujets. Et naturellement, nous sommes touchés par cette guerre qui a frappé l’Arménie. Et nous sommes touchés par la situation de toutes celles et tous ceux qui ont été affectés directement, par les victimes de ce conflit auxquelles je souhaite rendre hommage, exprimer ma solidarité et ma sympathie. Nous avons eu l’occasion d’aborder un certain nombre de thèmes, un certain nombre de sujets, qui vont devoir être abordés politiquement avec beaucoup d’engagement dans les mois qui viennent. Je voudrais réaffirmer très clairement, sans ambiguïté, le soutien de l’Union européenne pour les travaux qui sont menés dans le cadre du groupe de Minsk. Nous voulons soutenir et encourager le groupe de Minsk à assumer sa responsabilité et à adresser les différents sujets. Et nous voyons quatre sujets qui doivent être adressés à court, à moyen et à long terme pour tenter d’amener ce que nous voulons tous, de la sécurité, de la stabilité et de la prospérité, et de pouvoir progressivement progresser afin de pouvoir résoudre des conflits graves – on a vu à quel point ils sont graves – auxquels on est confronté.

Le premier point, c’est l’importance de tenir des discours qui soient des discours qui vont vers la modération, l’importance d’éviter l’escalade verbale, et l’importance de faire en sorte que l’on puisse continuer à progresser sur des sujets très concrets:

  • avec la question des prisonniers, nous avons eu l’occasion, ces dernières semaines, de se parler de ce sujet-là. Nous avons eu l’occasion, comme Union européenne, avec d’autres partenaires, d’encourager les efforts pour que les premières décisions soient prises avec cette question des prisonniers;
  • avec la question de la cartographie des mines, nous espérons qu’il sera possible de continuer à progresser de manière responsable, de manière positive, sur ce sujet qui est un sujet important.

Deuxième point: la délimitation des frontières qui sont contestées. Sur ce sujet-là, nous espérons qu’il sera possible d’engager un processus de dialogue et de négociation. Et quand il y a un dialogue, une négociation, il nous semble utile qu’il puisse y avoir un retrait des troupes dans les zones disputées afin de favoriser le calme, de favoriser le sang-froid au moment où des discussions ont lieu sur la délimitation des frontières.

Le troisième point que je voudrais mentionner, c’est l’importance à mon avis aussi, à notre avis aussi, de pouvoir discuter de possibles projets de coopération: la question du secteur du transport, vous avez mentionné ce secteur-là. Il y a peut-être d’autres secteurs pour lesquels une coopération régionale pourrait être utile pour favoriser le développement économique, pour favoriser la prospérité, pour favoriser le dialogue.

Et puis, quatrième point, il y a, de manière plus générale, cette négociation de paix. Le statut du Nagorno-Karabakh doit être un sujet, doit pouvoir être abordé également. Et je prends aussi note avec beaucoup d’attention des sujets que vous avez abordés, comme par exemple la question des patrimoines culturels et peut-être un rôle qui peut être joué par des enceintes comme l’Unesco afin de veiller au respect de ces patrimoines qui sont aussi des sujets de préoccupation extrêmement légitimes que vous avez mentionnés.

Donc vous le voyez, Monsieur le Premier ministre, Mesdames et Messieurs, nous avons eu l’occasion d’un échange approfondi sur les différents thèmes. Je dois vous remercier pour la sincérité et la franchise, pour la bonne coopération qui nous permet à nous, délégation européenne, de bien comprendre votre point de vue sur les différents sujets. J’aurai l’occasion d’être demain en Azerbaïdjan. J’aurai aussi l’occasion, dans ce cadre-là, d’avoir un échange avec les autorités de ce pays. Et je voudrais vous indiquer la disponibilité de l’Union européenne pour rester engagée comme partenaire loyal, positif, constructif, soucieux de montrer du respect pour les acteurs politiques dans la région, mais aussi de porter les valeurs auxquelles nous croyons, ces valeurs de démocratie, ces valeurs d’état de droit, ces valeurs de gouvernance qui, selon nous, sont les meilleurs piliers pour garantir des progrès en matière de prospérité, en matière de stabilité et en matière de sécurité. Je vous remercie.

Jihadist content targeted on Internet Archive platform
Jihadist content targeted on Internet Archive platform

A Referral Action Day (RAD) targeting online jihadist propaganda took place on 14 July 2021. The European Union Internet Referral Unit (EU IRU) at Europol organised the operational activities, which involved law enforcement authorities from Denmark, Germany, Hungary, Portugal, Slovenia, Spain and the United Kingdom. 

The Referral Action Day targeted online jihadist propaganda disseminated on the Internet Archive platform by referring these materials to the provider with the request to review them against the terms of service. This Referral Action Day focused on strengthening cooperation between Europol and law enforcement agencies together with the Internet Archive platform. It gave the opportunity to identify and assess terrorist content with the aim of raising awareness about the extent of the platform’s abuse by jihadists and their supporters. Among the referred content were propaganda material (videos, audios and digital magazines) of the so-called Islamic State and Al-Qaeda terrorist organisations and their affiliates. 

The Referral Action Day improved the knowledge about the patterns of abuse by terrorist groups. It also provided insights, which would enhance the content moderation policies in view of the Regulation on addressing the dissemination of Terrorist Content Online (TCO Regulation).  

The organisation of the Referral Action Day by the EU IRU has taken place in the context of the public-private partnership aiming to address the terrorist abuse of the Internet, prevent online radicalisation and safeguard fundamental rights and freedoms.

125/2021 : 14 July 2021 – Judgment of the General Court in case T-677/20
125/2021 : 14 July 2021 – Judgment of the General Court in case T-677/20

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�06�!C�8�׀X0����}���[A6�֍�g�#`�қ���߯��@�6l�9=��?� %5i�p�l���M���M ���r�I^}�U��ȓ�O�$}��� D���q�}`v:Tg��:h�Js��0�n�-,� �e~��k��#d:e���t�Ƿ��/����Ç7�8���oA@Hө��[��N�Һ��$�fIAA�ǚD��u���pd!�40��h��g�n݈-�-��O����ŋ�c�B�����i_�4!Љ�m�R�%-���G�jܕu��IRFj�z_�T�A��A���PSSC>�n�.^���V&�u���Ӳ�89=���H�s��+�7�Ol�>P�e ��#{���K���q{�PC(J�XK�r77�b��A��}T �1X,���0I�k���m��CFF�1+�%dX�> ~��WH^ܤ���w�<���iM��O�Xt���B�U�ps�+m!��=��.f�yc�����{:jV8�/��tA�:6�O � 9�Y/33S��#�LI�e<����{“@c@�50�Ê���L}h�d�2w��s�D�1���+W��؈ƶ%�Iz 3 ;����<��θ��t�kpø?�%&TVV�:�%�B�r�6��h��Ο?O����_�k��қ�=�o���p��Y���9&f(2��}��0a�%’$$�</span></p> <p></body></p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/court-of-justice-of-the-eu/">Court of Justice of the EU</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/p1_3574740/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-37296" class="post-items mb-6 post-37296 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-2886 tag-pdf15 tag-endobj"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/p1_3574730/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="126/2021 : 14 July 2021 – Judgment of the General Court in case T-488/20" title="126/2021 : 14 July 2021 – Judgment of the General Court in case T-488/20" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/p1_3574730/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 14 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/p1_3574730/" rel="bookmark">126/2021 : 14 July 2021 – Judgment of the General Court in case T-488/20</a></h5><p><head><title/></head><body id="readabilityBody" readability="92"></p> <p>%PDF-1.5 %���� 1 0 obj <>>> endobj 2 0 obj <> endobj 3 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 9 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> endobj 4 0 obj <> stream x��][�۸�~���G� V�w�` 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D�8�+8Kh�ZR’� �b������%���xE�q��I�[�6l��|7��(ސu��ċU��� i�i�,�+T�x��”�7m���F� ���]������[C{Hܪ��G/=��!ٱ��n�`�A����n���W�G�z�����K�0Ut�X�@ i�lx�q5S2��� E�Q�7;烴4’�Y�b���g@��Z�E�ENJ��6!)t0����nT�$�Yeʘo�VwZ3 R ��ih@|y�������W�d��b&G�/�X��*��@LX}MN��}���PM!#y���l�g�y�(��U��0�{����͚�-XuZ�d�h��0>���fD��K7��k�gCz`�H�Z�����H &�ޯ�_$ݷ��&>”�&�*�@��}�L��VG��-2 �� .T1�M�5�z�P9s*���+V�ű%�Ϻ$;u ���꥘��1�V:� &�g�FZ�� ‘`�>��W��+I�}C���u�2�(`�t)W�zC�6I-8�wd����iM�K��Ea�cDg�L q�^~|�4��:)�0 Ab+8��}W�$>�N����Rn ������vy��!)�0XBY�raHAp��$:I��dƄ.o�ؼ���-�ߕN��vk��� ��m= �v4�I��6�V�O��1��S*�B�v���L�:�Z�Q�0��hÔ����%��Π�D�~N/�8��y;�����&ƣ^>�,��]��A.i3F��s�Q��Z��nNz��%��0���솩 ��)��A �c��g-տ��I;��W@=��md�;�L�Sq)���-�秚V��Q��߃GJϕ���� |��?�V�ׇ㮤��T�i^A��S/��? ��g�L����)-%�2��Z~(�[B�wh�O�����r�c��P�I����ƺ�1A�I�ߨj!����f���6�ϋh���SuQ�M�J6���`�]�!��8’�oք�t ��/.�3H��_* ��J#3�$��� �ӻ}��v�J�>��,T���૳�����E4���u����-�-��j�D� ;���_GY�,�p��t���7�f㵓�&�X ���eAN� t��) 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�㬀�m�TL�+��������”�X�EU-ی�6L��ϫe�>����]��Ef���O�Û^�9>>>�Q�@�:���k���0�d�dTa�+��ONVɕ����4����ƃ�,��bB^a]M�E����h芺Sn^���_��CF�r���+蝛���#�>��Bk��8�M��ƈ���z���+~l� x���C��s�<br /> ��?jO�� >��Y�z�g��?��]U�*���C|~�9�<br /> �B̐E��1�ɘ<br /> �9d�.���*�Z.V�x���>Hd�eT&n&oY��o�;^B>��gI�6��nZ���jl��Z�m�fP-S`$�d ��2�����-ic����>��tZ�]��n����{��Q����U�ǒݝ*@n�����v�Z��Zܗ0���nW���a����;~�aT�R���6œuH+>�z�h,�]��~�I_hE���g��^<br /> 4!_�Q��(�Χ���mooo”>@o�(�e�B����w�HCb�RB��D��F��Ή�T�wϣ�V ��d�vd�֮L4%s�yd�_������<br /> ��J��Z��4�ĸ����Ӕ�R”�R+�Rֽq��<br /> �f���%��ί�!p �6�L�-�3;t��4�f�����X�d<br /> ��f�a��閳v=Z�oKaQ����8����<br /> ������z!�1��w����?x���A�`”�`0��`0����<br /> endstream<br /> endobj<br /> 22 0 obj<br /> ><br /> stream<br /> x��yxLg��SjW�R��*Tb�Xc�iDP�T-�o�zc�Xc A$MPk�<br /> �j�Bl��ڊ�ڠ�SK��>��W�u:���$��k�?r͜�9�>��}���>�9ϓ�b7������ӁvO����#���<x/></q></span></p> <p></body></p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/court-of-justice-of-the-eu/">Court of Justice of the EU</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/p1_3574730/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-37177" class="post-items mb-6 post-37177 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-commission tag-daily tag-european"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/mex_21_3685/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Daily News 13 / 07 / 2021" title="Daily News 13 / 07 / 2021" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/mex_21_3685/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 13 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/mex_21_3685/" rel="bookmark">Daily News 13 / 07 / 2021</a></h5><p>European Commission Daily news Brussels, 13 Jul 2021 Facilité pour la reprise et la résilience: Malte présente son plan officiel pour la reprise et la résilience<br /> La Commission a re&cce…</p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/european-commission/">European Commission</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/mex_21_3685/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-37072" class="post-items mb-6 post-37072 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-criminal tag-facilitated tag-networks"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/eighteen-arrested-in-spain-in-sting-against-migrant-smugglers-operating-overseas/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Eighteen arrested in Spain in a sting against migrant smugglers operating overseas" title="Eighteen arrested in Spain in a sting against migrant smugglers operating overseas" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/eighteen-arrested-in-spain-in-sting-against-migrant-smugglers-operating-overseas/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 12 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/eighteen-arrested-in-spain-in-sting-against-migrant-smugglers-operating-overseas/" rel="bookmark">Eighteen arrested in Spain in a sting against migrant smugglers operating overseas</a></h5><p>The criminal networks facilitated the illegal entry of more than 400 Albanian nationals to the United Kingdom and the United States</p> <div readability="73.674418604651"> <p>An investigation led by the Spanish National Police, with close cooperation with the Albanian Police and law enforcement and immigration authorities in Austria, France, Italy, Slovenia, Kosovo*, Portugal, the United Kingdom and the United States and supported by Europol, led officers to dismantle an organised crime group involved in migrant smuggling and document fraud. </p> <p><strong>Results from the action day on 29 June 2021, Tarragona, Spain</strong></p> <ul> <li>18 arrests</li> <li>2 house searches</li> <li>Seizures include: counterfeited documents, financial documentation, records of the illegal activities, electronic equipment, cash and various drugs (cannabis, cocaine and synthetic drugs)</li> </ul> <p>Since 2019, the investigation has examined the growing use of specific types of falsified documents by Western Balkan immigrants. Previous phases of the investigation led to the dismantling of a group of criminals identified on the Caribbean island of Saint Maarten who smuggled Albanian immigrants with falsified documents to the United States. Couriers travelling to Kosovo and Albania to distribute the falsified documents were also arrested in December 2020. Four print shops for forged documents in Kosovo were dismantled in March 2021. So far, the investigation has led to 46 arrests, more than 400 migrants identified at airports and 1 000 false documents seized.</p> <p>Eventually, the investigation targeted a criminal network based in the United Kingdom and Ireland, which managed the flights and the reception of the migrants into those countries. Intelligence shared by the US Department of Homeland Security, Homeland Security Investigations (HSI) led to the identification of a high-value target in <a class="wpil_keyword_link " href="https://www.europahoy.news/?s=España" title="Spain" data-wpil-keyword-link="linked" target="_blank" rel="noopener">Spain</a>. From there, the suspect and his accomplices facilitated the illegal entry of migrants through various airports in Spain and Portugal into the United Kingdom, while providing them with forged French identity cards. The operation in <a class="wpil_keyword_link " href="https://www.europeantimes.news" title="Europe" data-wpil-keyword-link="linked" target="_blank" rel="noopener">Europe</a> is also connected to three ongoing criminal investigations in the United States. </p> <p>Europol coordinated the investigation, facilitated the exchange of information, and provided analytical and forensic support. On the action day, Europol deployed a virtual command post to enable the real-time exchange of information between investigators and deployed an expert to Spain to cross-check operational information against Europol’s databases and provide leads to investigators in the field. Europol also financed the deployment of officers from the Albanian State Police who took part in the action day in Spain.</p> <p>* UN Security Council Resolution 1244.</p> <div class="full-color color-grey-light row" readability="10.066964285714"> <div class="columns large-3"></div> <div class="columns large-9" readability="15.558035714286">In 2010 the European Union set up a <a href="https://www.europol.europa.eu/empact" rel="nofollow noopener" target="_blank">four-year Policy Cycle</a> to ensure greater continuity in the fight against serious international and organised crime. In 2017 the Council of the EU decided to continue the EU Policy Cycle for the 2018 – 2021 period. It aims to tackle the most significant threats posed by organised and serious international crime to the EU. This is achieved by improving and strengthening cooperation between the relevant services of EU Member States, institutions and agencies, as well as non-EU countries and organisations, including the private sector where relevant. <a href="https://www.europol.europa.eu/crime-areas-and-trends/crime-areas/facilitation-of-illegal-immigration" rel="nofollow noopener" target="_blank">Facilitation of illegal immigration</a> is one of the priorities of the Policy Cycle.</div> </div> </div> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/europol-other-bodies-and-agencies/">Europol - Other bodies and agencies</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/eighteen-arrested-in-spain-in-sting-against-migrant-smugglers-operating-overseas/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-36937" class="post-items mb-6 post-36937 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-commission tag-european tag-statement"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/statement_21_3641/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Statement by President von der Leyen on the EU reaching the milestone of vaccine deliveries to vaccinate 70% of EU adults" title="Statement by President von der Leyen on the EU reaching the milestone of vaccine deliveries to vaccinate 70% of EU adults" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/statement_21_3641/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 10 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/statement_21_3641/" rel="bookmark">Statement by President von der Leyen on the EU reaching the milestone of vaccine deliveries to vaccinate 70% of EU adults</a></h5><p>European Commission Statement Brussels, 10 Jul 2021 I have good news for our European citizens today.<br /> The EU has kept its word.<br /> This week-end, we have delivered enough vaccines to Member States to be in a positio…</p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/european-commission/">European Commission</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/statement_21_3641/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-36935" class="post-items mb-6 post-36935 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-cookies tag-ensure tag-order"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/update-presidency-event-informal-meeting-of-justice-and-home-affairs-ministers-kranj-slovenia-15-16-july-2021/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Press" title="Press" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/update-presidency-event-informal-meeting-of-justice-and-home-affairs-ministers-kranj-slovenia-15-16-july-2021/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 9 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/update-presidency-event-informal-meeting-of-justice-and-home-affairs-ministers-kranj-slovenia-15-16-july-2021/" rel="bookmark">Press</a></h5><p>We use cookies in order to ensure that you can get the best browsing experience possible on the 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We will use this data to improve your experience on our website.</p> <p>To get more information about these cookies, how and why we use them and how you can change your settings, check our <a href="/en/about-site/cookies/">cookies policy page</a>. </div> <p><button type="button" class="hidden-md hidden-lg toggle-multiple-class-agnostic read-more-cookie-btn" data-parent="cookie-section" data-target="expandable-section" data-class-toggle="hidden-xs hidden-sm">Read more</button> <button type="button" aria-describedby="accept_cookies" data-value="Yes" class="btn btn-cookies btn-accept-cookies"> <span id="accept_cookies">I accept cookies</span></button> <button type="button" aria-describedby="reject_cookies" data-value="No" class="btn btn-cookies btn-refuse-cookies"> <span id="reject_cookies">I refuse cookies</span></button></p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/council-of-the-eu-and-european-council/">Council of the EU and European Council</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/update-presidency-event-informal-meeting-of-justice-and-home-affairs-ministers-kranj-slovenia-15-16-july-2021/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-36846" class="post-items mb-6 post-36846 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-consultation tag-examines tag-paper"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/esma-consults-derivatives-clearing-and-trading-obligations-in-view-benchmarks/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ESMA consults on derivatives clearing and trading obligations in view of the benchmarks transition" title="ESMA consults on derivatives clearing and trading obligations in view of the benchmarks transition" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/esma-consults-derivatives-clearing-and-trading-obligations-in-view-benchmarks/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 9 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/esma-consults-derivatives-clearing-and-trading-obligations-in-view-benchmarks/" rel="bookmark">ESMA consults on derivatives clearing and trading obligations in view of the benchmarks transition</a></h5><p>The Consultation Paper examines the state of the transition away from EONIA and LIBOR, which will cease to exist, and onto alternative risk-free rates, such as €STR, SONIA and SOFR, in the OTC interest rate derivatives market.  </p> <p>The overall aim of this consultation is to amend the scope of both the CO and the DTO to accompany the benchmark transition for OTC derivatives.</p> <p>ESMA is seeking stakeholder feedback on the proposed changes to the scope of these obligations and will use the input to assess what changes to the RTS should be introduced to accompany the benchmarks transition.</p> <p><strong>Next steps</strong></p> <p>ESMA expects to submit the final report to the Commission in autumn 2021 and aims to ensure that the scope of derivatives classes subject to the CO and the DTO reflect the transition to the new alternative rates at the beginning of 2022.</p> <p>Further information:</p> <p>Sarah Edwards</p> <p>Communications Officer</p> <p>✆   +33 (1)58 36 64 23</p> <p>@   press@esma.europa.eu</p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/officialinstitutions/">officialinstitutions</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/esma-consults-derivatives-clearing-and-trading-obligations-in-view-benchmarks/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-36751" class="post-items mb-6 post-36751 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-2886 tag-pdf15 tag-endobj"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/p1_3568944/" class="post-hover"> <img width="1920" height="1080" src="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920,h_1080/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="123/2021 : 8 July 2021 – Opinion of the Advocate General in the case C-132/20" title="123/2021 : 8 July 2021 – Opinion of the Advocate General in the case C-132/20" decoding="async" loading="lazy" srcset="https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1920/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV.png 1920w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_300/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-300x169.png 300w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1024/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1024x576.png 1024w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_768/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-768x432.png 768w, https://sp-ao.shortpixel.ai/client/to_webp,q_lossy,ret_img,w_1536/https://europeantimes.info/wp-content/uploads/2023/01/POST-image-The-European-Times-TV-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /> </a> <div class="post-meta imu"> <span class="post-list"> <ul class="post-categories"><li><a href="https://europeantimes.info/2021/07/p1_3568944/"><a href="https://europeantimes.info/category/europe/" rel="category tag">Europe</a> <a href="https://europeantimes.info/category/news/" rel="category tag">News</a> <a href="https://europeantimes.info/category/politics/" rel="category tag">Politics</a></a></li></ul> </span> </div> </figure> <div class="post-content"> <div class="post-meta up"> <span class="posted-on"> <a href="https://europeantimes.info/2021/07/">Jul 8 2021</a> </span> </div> <h5 class="post-title"><a href="https://europeantimes.info/2021/07/p1_3568944/" rel="bookmark">123/2021 : 8 July 2021 – Opinion of the Advocate General in the case C-132/20</a></h5><p><head><title/></head><body id="readabilityBody" readability="56.236268110174"><br /> %PDF-1.5 %���� 1 0 obj <>>> endobj 2 0 obj <> endobj 3 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 9 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> endobj 4 0 obj <> stream x��=]s�F����#�eA�OW.Uي��Tv/�8��>Plq#�Z�L��믻�Cj��N��B ��g������v��Xo���v��Ms��r�is���O_��<em>V��n�Y������?7��f{q����2���WE^�UU���T�r�J���ٶy����֯</em>������G�1�}���>Zd,S:�2+�G:�t�|�S�}i���V�o߾~��,��#����W�e���Ճ�óه�^f����v���?n6���gu^�ޠ�<em>r�2Q檒4ls}��}������Y9�oW����r�����f~V���5���bwG�(�B��},�Ħ����K�Y-��W�%���~��#f~�X.t�+���e.��”����8����7Yq��b�%�5�o�ϻ�{�kI���=�h3(]U�C��0?ùQ�&�����L�,٧ �U��(</em> �^�<em>f��uR���y��;�Y!�BG@�e~�fk �g����r���z���u�8� 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�1X,���0I�k���m��CFF�1+�%dX�> ~��WH^ܤ���w�<���iM��O�Xt���B�U�ps�+m!��=��.f�yc�����{:jV8�/��tA�:6�O � 9�Y/33S��#�LI�e<����{“@c@�50�Ê���L}h�d�2w��s�D�1���+W��؈ƶ%�Iz 3 ;����<��θ��t�kpø?�%&TVV�:�%�B�r�6��h��Ο?O����_�k��қ�=�o���p��Y���9&f(2��}��0a�%’$$�</p> <p></body></p> <div class="post-meta down"> <span class="author-name"> <i class="fa fa-user-secret"></i> <a href="https://europeantimes.info/author/court-of-justice-of-the-eu/">Court of Justice of the EU</a> </span> <span class="comments-link"> <i class="fa fa-comment"></i> <a href="https://europeantimes.info/2021/07/p1_3568944/#respond">0 Comments</a> </span> </div> </div> </article><article id="post-36750" class="post-items mb-6 post-36750 post type-post status-publish format-standard has-post-thumbnail hentry category-europe category-news category-politics tag-2886 tag-pdf15 tag-endobj"> <figure class="post-image"> <a href="https://europeantimes.info/2021/07/p1_3568923/" class="post-hover"> <img width="1920" height="1080" 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