EU Flash (01-05/04/2013) - Update European Commission Work Programme 2013


The European Commission published its updated work programme for the remaining of 2013 (as of April). Please note that the dates reflected in this document are estimates.

Legislative initiatives

  • Proposal for an European framework on Money Market Funds - 8 May 2013
  • Bank Accounts Package - May 2013
  • Regulation of the production and use of indices serving as benchmarks in financial and other contracts - 11 June 2013
  • Follow-up to the Green Paper "Towards an integrated European market for card, internet and mobile payments, including the review of the Payment Services Directive (PSD) and the Regulation on cross-border payments in the community - June 2013
  • Securities Law Regulation - June 2013
  • Proposal to improve the European market for long-term investment funds - June 2013
  • Directive/Regulation on the reform of the structure of EU banks - Q3 2013
  • UCITS VI - October 2013
  • Framework for crisis management and resolution for financial institutions other than banks - November 2013
  • Regulation on a Single Resolution Authority and a Single Resolution Fund, within a Single Resolution Mechanism - Q4 2013

Non-Legislative initiatives

  • Follow-up Green Paper on shadow banking - 8 May 2013
  • Commission report on the revision of the Payment Services Directive - June 2013
  • Commission communication on improving the governance of SEPA and the Commission decision formally establishing the Sepa Council - June 2013
  • Possible follow-up to the Green Paper on long-term investment - September 2013
  • Report on the implementation of the Consumer Credit Directive - September 2013
  • Communication on cross-border withholding taxes on dividend distribution to portfolio investors and collective investment vehicles - Q3 2013
  • Community guidelines on state aid to promote risk capital investments in SME's - December 2013
  • Review of the European system of financial supervision - Q4 2013
  • Guidelines for rescue and restructuring of financial institutions - Q4 2013
  • Solvency II - Level 2/implementing measures - Q4 2013
  • Assessment of the prudential technical solutions for the transfer by pension scheme arrangements to CCP's of non-cash collateral on variation margins - Q4 2013

The complete updated commission work programme for 2013 can be found here:

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