Latest news from EU institutions and bodies

European Commission Statement Brussels, 15 Jul 2024 Commissioner Vălean and Commissioner Sinkevičius have informed President von der Leyen that they have decided to resign from the Commission, in order to take up...

The European Investment Bank (EIB) is providing a promotional loan of €425 million to German automotive supplier ZF Friedrichshafen AG. The funds will enable ZF to invest a total of €1.3 billion in   research and development of innovative technologies for braking and steering systems, actively shaping the switch to software-defined vehicles.

Overview of the main subjects to be discussed at meetings of the Council of the EU over the next two weeks and upcoming media events.

ESAs consult on Guidelines under the Markets in Crypto-Assets Regulation 12 July 2024 Digital Finance and Innovation The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a consultation paper on Guidelines under Markets in Crypto-assets Regulation (MiCA), establishing templates for explanations and legal opinions regarding the classification of crypto-assets along with a standardised test to foster a common approach to classification. To support market participants and supervisors in adopting a convergent approach to the classification of crypto-assets, the Guidelines propose a standardised test, as well as templates for explanations and legal opinions that provide descriptions of the regulatory classification of crypto-assets in the following cases: Asset-referenced tokens (ARTs): The white paper for the issuance of ARTs, which contains comprehensive information about the crypto asset, must be accompanied by a legal opinion that explains the classification of the crypto asset – in particular, the fact it is not an EMT nor a crypto-asset that could be considered excluded from the scope of MiCA Crypto-assets that are not ARTs or EMTs under MiCA: The white paper for the crypto-asset must be accompanied by an explanation of the classification of the crypto asset – in particular, the fact it is not an EMT, ART or crypto-asset excluded from the scope of MiCA. Next Steps Comments to the consultation paper can be sent by clicking on the "send your comments" button on the consultation page. The deadline for the submission of comments is 12 October 2024.  The ESAs will hold a virtual public hearing on the consultation paper on Monday, 23 September 2024 from 10:00 to 12:00 CEST and invite interested stakeholders to register using this link by 19 September 2024 at 16:00 CEST. The dial-in details will be communicated in due course to those who have registered for the meeting. All contributions received will be published following the end of the consultation, unless requested otherwise. Background MiCA establishes regimes for regulating the issuance, offering to the public, and admission to trading of electronic money tokens (EMTs), asset-referenced tokens (ARTs), and other crypto-assets. The Regulation also establishes a framework for crypto-asset service provision and a joint mandate for the ESAs to develop the guidelines for application. These draft Guidelines are the only joint-ESA policy mandate under MiCA. Further information: Cristina Bonillo Senior Communications [email protected] 12/07/2024 ESA 2024 12 Consultation Paper on the Guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto-assets Consultation on the Guidelines under MiCA establishing templates for explanations and legal opinions regarding the classification of crypto-assets Hearing on the Guidelines under MiCA establishing templates for explanations and legal opinions regarding the classification of crypto-assets

Main agenda items, approximate timing, public sessions and press opportunities.

Main agenda items, approximate timing, public sessions and press opportunities.

Main agenda items, approximate timing, public sessions and press opportunities.

European Commission Speech Brussels, 12 Jul 2024 Ladies and gentlemen, Thank you for being here today at this event to help Ukraine. The Commission is deeply concerned about the damage inflicted by Russia on U...