EU Political Update
Talking Tech Highlights: 27 Feb - 3 March 2017
27 April 2017
A weekly review of tech related political developments in the European Union
Week in Review – announcements and publications
Consumer protection: Council agrees on a general approach concerning revision of the rules on enforcement of consumer protection laws
On 20 February 2017, the Council of the EU reached agreement on the general approach for strengthening cooperation between national consumer protection authorities with the aim of reducing the harm to consumers of cross-border EU consumer law infringements.
Revision of the existing Consumer Protection Cooperation framework will give more powers to national authorities, which may for example take action against websites geo-blocking customers and websites hosting scams. Additionally, authorities would be able to request information from domain registrars and banks to identify the responsible trader.
The Council of the EU will now need to discuss the proposal with the European Parliament. The European Parliament will vote on its position on 21 March 2017
This week in the Institutions
- Vice-President Ansip will be in Barcelona, Spain where he will participate in the Mobile World Congress; will deliver a keynote speech on "Building the 5G Economy Policy & Regulation" and will participate in the panel
- Vice-President Dombrovskis will receive Mr Eoghan Murphy, Minister of State of Ireland for Financial Services, Government and Public Procurement; will meet Mr Mario Greco, CEO of Zurich Insurance Group; and Mr Ron Kalifa,Vice-Chairman and Executive Director of Worldpay payment services
- Vice-President Dombrovskis will deliver a keynote speech at the conference "Fintech and Digital Innovation: Regulation and Disruption", in Brussels
- Vice-President Katainen will receive Mr Peter Olesen, Chairman of the Governing Board of the European Institute of Innovation and Technology (EIT); Mr Rolf Nagel, Member of the EIT Governing Board; and Ms Emma Marcegaglia, President of BusinessEurope.
Committee on Economic and Monetary Affairs (ECON). On the agenda:
- Consideration of draft report "FinTech: the influence of technology on the future of the financial sector"
- Structured Dialogue with Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union
- Ranking of unsecured debt instruments in insolvency hierarchy – first exchange of views
- Loss-absorbing and recapitalisation capacity of credit institutions and investment firms and amending Directive 98/26/EC, Directive 2002/47/EC, Directive 2012/30/EU, Directive 2011/35/EU, Directive 2005/56/EC, Directive 2004/25/EC and Directive 2007/36/EC – first exchange of views
- Exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures – first exchange of views
- Leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements – first exchange of views
Committee on Legal Affairs (JURI). On the agenda:
- Cross-border portability of online content services in the internal market – reporting back to Committee
- Addressing geo-blocking and other forms of discrimination based on customers' nationality, place of residence or place of establishment within the internal market – consideration of amendments
- Cooperation between national authorities responsible for the enforcement of consumer protection laws – adoption of draft opinion
Committee on Economic and Monetary Affairs (ECON) and Committee on Civil Liberties, Justice and Home Affairs (LIBE). On the agenda:
- Prevention of the use of the financial system for the purposes of money laundering or terrorist financing – adoption of draft report
Court of Justice of the European Union – this week's judicial calendar
Reference for a preliminary ruling — Harmonisation of certain aspects of copyright and related rights in the information society — Directive 2001/29/EC — Article 9 — Concepts of ‘cable’ and ‘access to cable of broadcasting services’ — Retransmission of television broadcasts by a third party through an internet stream in their area of reception — Live streaming.
EU Political Update
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