REFIT programme meaning

In this issue: EU fundamentals Commercial Competition and state aid Financial services Environment Insurance and reinsurance IP Life sciences TMT International trade Daily and weekly news alerts New and updated content Trackers EU fundamentals The priorities of the Hungarian Presidency of the Council of the EU (July–December 2024) EU law analysis: The programme for the Hungarian Presidency of the Council of the EU has been released, outlining its agenda and strategic focus for 1 July to 31 December 2024. This analysis summarises the principal priorities for the Hungarian Presidency across Practice Areas. See News Analysis: The priorities of the Hungarian Presidency of the Council of the EU (July–December 2024)... Commercial Directive on common rules that promote the repair of goods published in Official Journal Directive (EU) 2024/1799 of the European Parliament and of the Council, dated 13 June 2024, on common rules encouraging the repair of goods—amending...

In this issue: Commercial Competition and state aid Corporate Data protection and cybersecurity Dispute Resolution Free movement, immigration and employment Financial services Energy Environment Insurance and reinsurance IP Life sciences Regulatory TMT Daily and weekly news alerts New and updated content Trackers Commercial Commission launches consultation on revised unfair trading practices directive The European Commission has opened a public consultation to update EU rules tackling unfair trading practices in business-to-business relationships within the agricultural and food supply chain. The initiative seeks to account for shifting market dynamics and emerging practices, promote fairer dealings across the chain, and answer farmers’ calls for a fairer food system. The review is guided by an evaluation of existing EU rules on business-to-business unfair trading practices and the Vision for Agriculture and Food framework. As part of its Work Programme and REFIT initiative, the Commission plans to present a proposal for...

EU financial services developments ESMA sets out work programme for 2027-2029 The European Securities and Markets Authority (ESMA) has unveiled its 2027–2029 Programming Document, centred on consolidating a markedly broadened range of supervisory mandates and ensuring effective implementation of the current regulatory framework, while taking into account ongoing simplification and burden reduction initiatives. ESMA says the work planned for 2027 reflects a critical transition phase, carefully balancing the implementation of major legislative reviews with sustained attention to core priorities: fostering effective markets and financial stability strengthening supervision protecting retail investors enabling sustainable finance driving digital transformation Following the conclusion of the Sustainable Finance Disclosure Regulation (SFDR) review in 2026, the focus in 2027 will turn to developing technical advice for sustainability disclosures. Similarly, ESMA indicates that implementing EMIR 3 and the CSDR Refit will demand substantial work on Level 2 measures alongside enhanced supervisory convergence. A key market-wide project will be monitoring the transition to a T+1 settlement cycle,...

The EU glossary brings together and clarifies terms regularly used in EU law. Blue economy The European Union’s blue economy covers all activities and sectors linked to oceans, seas and coastlines, whether operating directly in the marine environment (eg shipping, seafood, energy production) or on land (eg ports, shipyards, coastal infrastructures). Circular Economy Action Plan In March 2020, under the European Green Deal, the European Commission adopted a new Circular Economy Action Plan (CEAP). The CEAP seeks to: make sustainable products the norm across the EU prioritise sectors likely to be highly affected by circularity, such as construction and buildings, batteries and vehicles, water, packaging, plastics, batteries, electronics empower consumers and public procurers cut waste For further details on the CEAP, see News Analysis: New circular economy action plan published, Sustainable products and supply chains (EU Law)—overview and Practice Note: EU Environment—horizon scanner, which covers key new and upcoming EU legislation and consultations relating to waste regulation,...