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

05/04/2013

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: http://ec.europa.eu/atwork/pdf/forward_programming_2013.pdf

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