Berichten in de categorie: Europees Recht

ESMA CLARIFIES FORMAT FOR DISCLOSURE OF RISK FACTORS IN PROSPECTUSES

The European Securities and Markets Authority (ESMA) has published its final guidelines on how national competent authorities (NCAs) should review risk factors, as required by the new Prospectus Regulation (PR).  The guidelines aim to encourage more appropriate, focused and streamlined risk factor disclosures for securities, which is presented in an easy to analyse, concise and comprehensible form…. Lees meer »

Sustainability and Financial Markets

On 28 March 2019 the Dutch Central Bank (DNB) and the Radboud  University Nijmegen organized a congres on “Sustainability and Financial Markets”. Among the speakers was a representative of the European Commission. He elaborated on the commission’s action plan on sustainable finance. This action plan was adopted in March 2018 and sets out a comprehensive… Lees meer »

ESA Joint Board of Appeal rules on Swedish shadow rating cases

On 13 March 2019 the Joint Board of Appeal of the European Supervisory Authorities ( ESA’s; ESMA, EIOPA and EBA) published its decision in the Nordic banks’ appeals from the decisions of the Board of Supervisors of ESMA in the “shadow ratings” cases The appeals were brought by four Swedish banks, Svenska Handelsbanken AB, Skandinaviska… Lees meer »

ESMA reports on accepted market practices under MAR

The European Securities and Markets Authority (ESMA) has published on 16 January 2019 its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR). AMPs are a defence against allegations of market manipulation. In particular, dealings in financial markets which are carried out for legitimate reasons and in conformity… Lees meer »

Poland must immediately suspend the application of the provisions of national legislation relating to the lowering of the retirement age for Supreme Court judges

On 2 October 2018 the Commission brought an action for failure to fulfil obligations before the Court of Justice. The Commission argues that (i)  by lowering the retirement age and applying that new retirement age to judges appointed to the Supreme Court up until 3 April 2018 and (ii) granting the President of the Republic… Lees meer »

Judgement of the court in Case C-219/17 Berlusconi and Fininvest

The Court of Justice alone has jurisdiction to determine whether the legality of the ECB’s decision opposing the acquisition by Fininvest and Mr Berlusconi of a qualifying holding in Banca Mediolanum is affected by any defects vitiating the preparatory acts by the Banca d’Italia. The Court ruled that the ECB has exclusive competence to decide… Lees meer »

Opinion Advocate General Juliane Kokott:the Republic of Latvia has failed to fulfil its obligations under the Statute of the ESCB and of the ECB.

Mr Ilmārs Rimšēvičs, Governor of the Latvijas Banka (Bank of Latvia), was suspended from office by a decision of the Korupcijas novēršanas un apkarošanas birojs (Office for the prevention and combating of corruption, Latvia) because he is suspected of having traded in influence for the benefit of a Latvian bank. The actions brought by Mr… Lees meer »

ESMA tells firms to provide clients with information on the implications of Brexit

The European Securities and Markets Authority (ESMA) has issued a statement on 19 December 2018 to remind firms, providing investment services, of their obligations to provide clients with information on the implications of the United Kingdom’s (UK) withdrawal from the European Union (EU) on their relationship with clients and on the impact of Brexit-related measures… Lees meer »

Recht tot toegang tot de rechter: 6 EVRM

Recht tot toegang tot de rechter: 6 EVRM De Europese Octrooi Organisatie kan zich beroepen op immuniteit van jurisdictie in een geschil met vakbonden. Dit betekent dat de Nederlandse rechter onbevoegd is om te oordelen in het aan hem voorgelegde geschil tussen de Europese Octrooi Organisatie (EOO) en twee vakbonden: de Vakbondsunie van het Europees… Lees meer »

Privacy, belastingheffing en 8 EVRM

Privacy, belastingheffing en 8 EVRM  De Belastingdienst mag voor de controle van rittenregistraties in het kader van privé-gebruik van een auto van de zaak geen gebruik maken van met ANPR-camera’s vastgelegde beelden. Drie belastingplichtigen mogen van hun werkgever een auto van de zaak gebruiken. Zij hebben aangegeven dat zij niet privé in deze auto rijden…. Lees meer »