GHTS B

SI

sels
ruS

GHTS B
SI

sels
ruS

GHTS B
SI

ls
ur Sse

INSIGHTS
BRUSSELS
s
Ssel
GHTS B
SI

ru
A regular update
on key EU policy developments
Issue 28 September 2016
Brexit and beyond
The legislative pipeline for financial services, energy and digital
I

sels

GHTS B
SI

S
Brexitru 3
Where do we go from here?

Financial Services 5

A rich but shaky legislative pipeline

Energy

10

Towards a redesigned European energy framework

10

Digital

15

Towards a Digital Single Market by end of 2017

15

GHTS B
SI

sels
ruS

Brexit

Where do
we go from here?
Few material changes have taken place in Brussels or London since 52% of Brits voted to leave the European Union on
23 June. But behind the scenes, perceptions are shifting and
a world of uncertainty lies ahead of us. It has become clear
that the political leadership that raised the Brexit question did
not plan for the eventuality of the vote to leave the EU. The
complacency of David Camerons government is all the more
surprising given that, in the informed judgement of the European Union Committee of the House of Lords, withdrawal
from the EU is arguably the most complex, demanding and
important administrative and diplomatic task that the Government has undertaken since the Second World War. The
select committee is now quite rightly pushing for Parliament

The most visible and remarkable post-Brexit changes regard

the reshaping of the political power map. Firstly, the result
was swiftly followed in Westminster by the replacement of
UK Prime Minister David Cameron with Theresa May and
a subsequent cabinet reshuffle which saw the PM appoint
a brand new team, including new dedicated ministers for
international trade and managing Brexit, arch-Eurosceptics
David Davis MP and Dr Liam Fox MP. Prime Minister May
is however expected to drive the Brexit process directly by
chairing a special cabinet committee that brings together
Davis, Fox and new Foreign Secretary Boris Johnson MP.
Secondly, the UKs Commissioner for Financial Services
Lord Hill resigned in the wake of the referendum result. Hill

to have the right to scrutinise the withdrawal negotiations

and the future of the relationship between the UK and the EU.

will be replaced, subject to European Parliament endorsement expected in September, by Sir Julian King, the former

British Ambassador to France. Sir Julian will be in charge of

the implementation of the European Agenda on Security. The
decision to place King in this position has been well received
as a move that plays to the UKs strengths and elevates the
counter-terrorist agenda to a single Commissioners portfolio.
Thirdly, the UK has withdrawn from its duty at the helm of the
rotating presidency of the Council of the EU, which had been
scheduled for the second half of 2017. This responsibility will
now be taken on by Estonia. Finally, both the Council and the
Commission, in a typical Brussels intra-institutional power
struggle for leadership of the process, have each appointed
a chief negotiator. Didier Seeuws, a respected Belgian diplomat and former Chief of Staff to previous Council President
Hermann Van Rompuy, takes on the mantle for the Council,
while the Commission has appointed Michel Barnier, a seasoned pro-European French politician and former minister,
who proved his capacity to negotiate with the British during
his tenure as European Commissioner for the Internal Market
and Financial Services.
Even before the formal withdrawal process has begun, the
less visible side of the Brexit story in Brussels is manifesting
itself in the gradual marginalization of British influence on a
number of pending policy decisions in the EU decision-making process.
Before any action is taken, Mays government must first agree
on how to face this withdrawal procedure; when to trigger the
formal notification required by EU law, and indeed on which
goals to strive for. Beyond the legal and institutional scrutiny
of the decoupling process, different interpretations are being
elaborated on the steps to be taken and on the substance of
what the UK could and should put up for discussion as it
tries to redefine the nature and scope of its relations with the
EU. The creativity and skill of specialist EU lawyers will certainly be able to find plausible legal answers on how best to
frame any political decision that emerges, but legalism wont
be a substitute for well-informed, thoughtful and transparent
political choices, ideally preceded by thorough parliamentary
scrutiny. The outcome of this process, whatever it may be,
will have to be negotiated by the European Council with the
material input of the Commission, be approved by a qualified
majority of EU member states in the Council of Ministers and
finally be backed by the European Parliament. Pre-existing
scenarios for EU-third party bi-lateral cooperation range from
the Swiss model, focusing on selected policy areas, to the
Turkish custom-specific model or the more comprehensive
free-trade Canadian model that has still to come into force. Examples of a more multilateral cooperation framework include
the case of EFTA countries within the European Economic
Area, which extends the EU internal market and several other
policy programmes to Norway, Iceland and Lichtenstein. The
default option of market access to EU countries would be to
fall back on World Trade Organisation rules. Some options,
such as UK accession to the EFTA-EEA agreement may be

less cumbersome to finalise, but all will come at a cost and

none of them can replicate the more favourable pre-Brexit
conditions.
The EU leadership in Brussels may be willing to afford the
UK some patience as the country gathers itself before launching into the formal procedure of withdrawal, but Brussels is
unlikely to accommodate a filibustering agenda that allows
the UK to cherry-pick the most favourable mutual recognition
rules and principles purely in its own interests, potentially
jeopardising the EUs core principles.
Commission President Junckers State of the Union speech
on 14 September and the parliament debate that follows are
likely to publicly uncover the first real insights into the lines
that these two institutions intend to pursue going forward.
Two days later, on 16 September, the meeting of the other 27
Heads of State and Government in Bratislava will complete
the picture with preliminary national perspectives, and will
hopefully see the beginnings of a sorely needed common direction on EU focus and approach.
There is general consensus that the EU cannot continue business as usual by simply acknowledging the reduction of its
members. That said, there is little appetite for upheaval after
the clamour of recent months, and a busy agenda of national
elections in 2017 precludes a Copernican revision of the EUs
workings in the short term. Although the administration of
Brexit will remain centre stage in Brussels for the foreseeable
future, the UK remains in the EU with all rights and obligations until the divorce is made official, at the current rate
not earlier than 2019. Even so, the most resounding signal
that the EU is continuing to fully apply its rule book, is given
by the 13bn euro tax bill just adopted by the Commission declaring unlawful the Irish sweetheart tax regime granted to
Apple. The decision opens the way to further investigations
on the alleged practices of Apple and other companies by European and US tax authorities, while reinforcing the principle
that any national tax ruling allocating profits to an entity that
exists only on paper is a form of illegal subsidy. Moreover,
there are a number of new legislative proposals underway,
many crucial regulatory decisions to be taken and several
hundred executory acts to be finalised as part of the EUs
day-to-day business. From energy to financial services and
the digital world, in the following pages we provide an update
on the most relevant legislative initiatives in the pipeline. We
remain available to support organisations in understanding
and navigating the Brussels arena and the interplay with relevant national policy landscapes.

Leonardo Sforza
Managing Director, Head of
EU Affairs

Financial Services

A rich but shaky

legislative pipeline
The policy area for which Brexit presents the greatest challenges is Financial Services, where Londons 106tn volume
of business in trading and clearing euros only takes place
due to the City being in the EU. This will be one of the most
controversial elements of the negotiations between the EU
and the UK. The City is unlikely to safeguard its current
status without the UK making concessions in other areas of
interest for the EU such as the maintenance of the freedom
of movement and establishment for EU citizens.

The Capital Markets Union (CMU) Action Plan, presented

last year by the European Commission, outlines 33 new
measures deemed necessary to establish the building
blocks for an integrated capital market across the European
Union by 2019. The first progress report on CMU released
earlier this year does not take account of the new situation
emerging following the UK referendum and will require
re-assessment by the Commission.

There has been much speculation about how Brexit affects

Financial Services legislation for the EU, and specifically the
future of the Capital Markets Union, a pet project of the former British Commissioner Jonathan Hill. In his final speech,
however, Lord Hill was resolute, Its absolutely essential for
the European Union to continue diversifying the funding
sources for its economy, particularly with London outside
the EU, urging the EU to stick with it, to keep hammering
away at the barriers to free movement of capital for the years
ahead.1
Despite the new challenging situation surrounding Brexit and the diverging views of other key Member States on
several technical aspects of CMU priorities, Commission
Vice-President Valdis Dombrovkis2, who has taken over responsibility for the Financial Services portfolio seems committed to pursuing the work initiated by Lord Hill in this area,
but the pace and scope of future work is unlikely to remain
as initially planned.
The launch of four new public consultations presents
a good opportunity for business and stakeholders to
make known their views and perspectives on future EU
initiatives in financial services, as outlined in the box to
the right.

Proposals to be Adopted
> Revised directive on Institutions for
Occupational Retirement Provision (IORP II)
The proposed revision of the IORP II directive was presented
by the European Commission in March 2014, mainly focusing on the governance and transparency of the activities of
occupational pension institutions.
According to the rapporteur in the European Parliament,
Brian Hayes (EPP, Ireland), the final text will be voted on at
the plenary session in October 2016. EU member states will
have 24 months after the entry into force of the Directive to
transpose it into national legislation.

Timeline
March 2014: Commission proposal
30 June 2016: Council Agreement
October 2016: Adoption in EP Plenary
2018:

Deadline for transposition in national law

1 Hill, J., 2016. Speech by Commissioner Jonathan Hill at the European

Parliament on the Capital Markets Union. European Commission. Available at:
http://europa.eu/rapid/press-release_speech-16-2529_en.htm
2 See the remarks by Vice-President Dombrovskis at the Atlantic Council.
Available at: http://europa.eu/rapid/press-release_speech-16-2574_en.htm

Ongoing consultations
> Capital Markets Union: action on a potential
EU personal pension framework
27 July - 31 October
The consultation invites interested parties to provide
information on their experience using personal pension schemes and seeks the views of professionals
working in the pensions industry on the possibility
of offering more simple, affordable and transparent
personal pension products. The consultation will
enable the Commission to get a better view on what
can be done at EU level to support a wider choice of
personal benefit tools at retirement across borders.

> Review of the EU macro-prudential framework

1 August-24 October
The framework under consultation consists of the
European Systemic Risk Board (ESRB) Regulations,
the Capital Requirements Directive IV (CRD IV),
the Capital Requirements Regulation (CRR) and
the Single Supervisory Mechanism (SSM). The
consultation focuses on refining the scope of
existing macro-prudential instruments (such as
capital buffers) and making the rules more consistent
with one another, as well as examining the role
and organisational structure of the ESRB and its
relationship with the European Central Bank.

> Main barriers to the cross-borders distribution

of investment funds across the EU
2 June-2 October
The aim of the consultation is to define how best to
strengthen the single market passport for cross-border investment funds. The consultation seeks feedback from the public, including fund managers, investors and consumer groups, as well as from those
who market and sell these funds, in order to gain a
fuller picture of the remaining barriers to cross-border distribution (such as marketing rules, administrative arrangements by host countries, regulatory fees
and notification rules).

> Evaluation of the financial conglomerate

directive
9 June - 20 September
The consultation will gather evidence on whether the
Directive on the supplementary supervision of credit
institutions, insurance undertakings and investment
firms in a financial conglomerate, known as FICOD,
first adopted in 2002, is proportionate and fit for purpose in its current form and delivering as expected.

> Regulation on a European framework for

Simple, Transparent and Standardised (STS)
Securitisation and a revision of the capital
calibrations for banks
With a view to opening up investment opportunities to a
wider set of non-bank investors, the Commission in September 2015 presented a proposal for the creation of a new regulatory framework to relaunch markets for STS securitisations
and for the revision of capital calibration for banks. The proposals were agreed by the Council in December 2015 and are
currently awaiting the opinion of the European Parliament.
Following a Public Hearing on the regulation in the European
Parliament on 13 June, the rapporteur Paul Tang, (S&D, Netherlands) expressed his concern that the examination of the
proposal by the Council was being rushed. In his draft report
he follows the proposal of NGO Finance Watch that at least
20% of the risk should be kept on the balance sheet of the issuer (the Commission proposal foresees only 5%). This proposed higher threshold clearly divides the political groups,
with rapporteurs from GUE/NGL and Greens/EFA supporting
the proposal, while ECR and ALDE clearly oppose it.
Both pieces of legislation are provisionally scheduled to be
debated in ECON Committee on 9 November and in plenary
on 13 December for 1st reading/single reading.
Once a political agreement is reached between the co-legislators, the Commission has announced its intention to also
revise capital charges for investments in STS securitisations
under Solvency II.

Timeline
September 2015: Commission proposal
December 2015: Council agreement

Under the new regulations proposed by the Commission,

issuers would no longer be obliged to create prospectuses
for issuances of less than 500.000, a threshold that Member states could raise to 10 million. Where the Commission
want to limit this possibility purely to national issuances, the
Councils proposal does not foresee this restriction, whereas
the European Parliament wants to limit it to 5 million.
In addition, the Commissions proposal and the positions of
the European Parliament and the Council are still divergent
on the exact definition of who can make use of a lighter version of prospectus, the EU Growth Prospectus and on the
exact qualification of risk factors.
After a formal approval of the negotiating mandate in EP plenary, scheduled for 13 September 2016, the interinstitutional
negotiations can start. The Slovak Presidency aims to reach
a political agreement between the institutions before the end
of the 2016.

Timeline
November 2015: Commission proposal
17 June 2016 : negotiating mandate agreed at ECO
FIN Council
13 September 2016: negotiating mandate agreed in
EP plenary
Autumn 2016: start of inter-institutional
negotiations
End 2016: target date from Slovak Presidency
for Political agreement
2017: Entry into force of Regulation
2018: Application of Regulation and dead
line for transposition of elements in
national law

November 2016: Adoption in EP Committee

December 2016: EP Plenary Meeting for 1st/single reading

> Regulation on the Reform of Money Market

Funds
> Regulation on the modernisation of the
Prospectus Directive
In November 2015, the European Commission issued a proposal to modernise the Prospectus Directive, aiming to reduce
the costs for smaller companies accessing the capital markets. The European Parliaments Committee on Economic and
Monetary Affairs (ECON) published its draft report in March
2016. Rapporteur Petr Jezek (ALDE, CZ) and the ECON committee endorsed its draft negotiating position on 13 July, to
be submitted to plenary. The Member States agreed on their
general approach in the ECOFIN council meeting on 17 June.

The commission adopted a proposal for a regulatory framework for Money Market Funds (MMFs) in September 2013.
These funds serve as an important source of short-term financing for financial institutions, business and governments,
but are also vulnerable to investor runs on redemptions
and have given rise to the misperception that their returns
are guaranteed. The proposed regulatory framework should
allow them to better withstand redemption pressures in
stressed market conditions, while ensuring that they remain
a secure tool for European companies to manage their finances.
After years of discussion, on 17 June 2016 the EU finance

ministers reached an agreement on the negotiating mandate

for the Council, paving the way for trilogues with the European Parliament to start shortly. The European Parliament has
been ready for talks since April 2015.
The discussions between the three institutions centre around
the issues of Constant Net Asset Value funds (CNAVs) and
the creation of a new type of money market fund, the Low
Volatility Net Asset Value Money Market Fund (LVNAV).
For CNAVs, the Commission wants to introduce a minimum
reserve of 3% of total assets in own funds. Both the European Parliament and the Council disagree with this, favouring instead liquidity fees or redemption gates to be applied
only in times of stress. The Council is pushing in favour of
CNAVs which invest 99.5% of their assets in public securities, whereas MEPs are pushing for 80% of CNAVs assets to
be invested in public securities of EU countries.
With regard to LVNAVs, the EP wants to introduce a sunset
clause thereby forcing LVNAVs to be converted into Variable
Net Asset Value Funds (VNAVs) after five years.
After lengthy internal discussions whereby the UK, Ireland
and Luxembourg argued for less restrictive liquidity requirements on one side and France and Germany argued for more
regulation, the Council reached a compromise on a weekly
liquidity requirement of 30% for CNAVs and LVNAVs and of
15% for VNAVs, of which 15% may be made up of public securities, going further than the original Commission proposal
which foresaw 20%.
The Slovak presidency aims to reach a political agreement
between the European Parliament and the Council before the
end of the year.

Timeline
September 2013: Legislative Proposal published
April 2015: negotiating mandate agreed in
EP plenary
May 2015: Opening inter-institutional
negotiations
June 2016: Council position
Autumn 2016 : expected start of the Trilogue
negotiations
End 2016: target Slovak Presidency for political
agreement Council European
Parliament

> Delegated Act on Key Information Documents

(KID) on Investment Products
On 30 June 2016, the Commission adopted a delegated act
with new rules specifying regulatory technical standards
on the content of methodology of the KID which must be
supplied, from 2017 onwards, to consumers wishing to invest in a retail financial products. This delegated legislation
follows from the regulation adopted in November 2014 on
Packaged Retail and Insurance-based Investment Products
(PRIIPs). The Council and the European Parliament have
two months to object. Ten member states (including Germany and France) had asked for a longer implementation time
for industry and also inside the European Parliament there
is strong resistance to the current provisions of the delegated act, with the EPP, ALDE, ECR and Greens/EFA groups
threathening to table a motion of objection in the September plenary, which, if adopted, would even threaten the entry
into force by with the EPP, ALDE, ECR and Greens/EFA
groups having tabled a motion of objection, which, if adopted
in the September plenary, would even threaten the entry into
force of the PRIIPs regulation by January 2017.

> Enhanced Cooperation on a Financial

Transaction Tax (FTT)
Negotiations between the finance ministers of the 10 countries participating in the enhanced cooperation, are making
very slow progress. On 16 June 2016, the ministers decided
to set up two task forces to look into two controversial issues
still open in preparation of their next September meeting.
The first task force, which will be presided by Italy will look
into the possible impact of the tax on derivative products of
sovereign financing, a main concern of Belgium. The second task force, led by Germany, will look at the implementation costs versus the anticipated revenue from the future
tax, which in particular Slovakia and Slovenia are sensitive
to. This new delay means that the self-imposed deadline for
political agreement by June 2016 was missed once again.

> Proposal on a Common Consolidated

Corporate Tax Base
On the basis of the public consultation in January 2016 on
the relaunch of the Common Consolidated Corporate Tax
Base, the Commission is expected to outline its legislative
proposal in the fourth quarter of 2016.

> Regulation amending European venture

capital funds (EuVECA) and European Social
Entrepreneurship Funds (EuSEF) regulations
Following the public consultation that closed in January
2016, the European Commission on 14 July 2016 published a
proposal for a Regulation amending the existing Regulations
on EuVECA and EuSEF, dating from 2013. The purpose is to
respond to problems encountered by the industry through the
application of the existing Regulations. The new Regulation

seeks to abolish the practice of member states levying charges when a fund is registered. Also the definition of SME in
which a fund must invest 70% of the capital subscribed in
order to obtain the European Passport is relaxed. The proposal will now be submitted to the European Parliament and
the Council. The first meeting of the Member States on the
topic of tax incentives for venture capital and business angels
is scheduled for Autumn 2016, to allow for an exchange of
views on best practices, on the basis of a study launched by
the Commission in January.

Financial
Services
Timeline

2016
Q3

Q4

Banking
Union

PROPOSAL ON REDUCTION
OF FINANCIAL RISKS *

FTT

DIRECTIVE ON IORP II

Council exploring
possible use of
Intergovernmental
Agreement

Capital Markets Union

REGULATION ON
PROSPECTUS

PROPOSAL ON COMMON
CONSOLIDATED TAX BASE*

Possible
Agreement

Council
agreement

Adoption

EP
Committee
Position

Council
Position

Council
Position

Trilogue
negotations

EP
Plenary
Position

Adoption

EP
Trilogue
Adoption
Position negotations

Results Public
Consultation

Q3

Q4
Council
Position

EP Plenary
Position

Implementation

Implementation

Trilogue negotations

Implementation

Implementation

EP
Committee
Position

Commission
proposal

REGULATION amending
EuVECA and EuSEF
REGULATIONS

Commission
proposal

PROPOSAL ON
EU MACRO PRUDENTIAL
FRAMEWORK *

Public
consultation

Results

Potential
Commission
proposal

PROPOSAL ON
EU PERSONAL PENSION
FRAMEWORK *

Public
consultation

Results

Potential
Commission
proposal

PROPOSAL ON CROSS
BORDER DISTRIBUTION OF
INVESTMENT FUNDS *

Public
consultation

Results

Potential
Commission
proposal

EVALUATION FINANCIAL
CONGLOMERATE DIRECTIVE

Public
consultation

Results

Potential
Commission
proposal

* Nature of exact act not yet determined

Q2

EP
Committee
Position

Adoption

Setting up 2
Ministrial Working
Groups

REGULATION ON STS
SECURISATION FRAMEWORK

REGULATION ON REFORM OF
MONEY MARKET FUNDS

Q1

Commission
proposal

REGULATION ON EUROPEAN
DEPOSIT INSURANCE
SCHEME (EDIS)

FINANCIAL TRANSACTION
TAX (enhanced cooperation)

2017

EP
Committee
Position

Council
Position

Council
Position

EP Plenary
Position

EP Plenary
Position

Trilogue
negotations

Energy

Towards a redesigned
European energy
framework
In the coming months, the European Commission will present several major legislative proposals for the energy sector,
in order to give life to its five-pillar energy strategy presented in 2015: realize an integrated internal energy market,
reduce Europes climate impact, improve energy efficiency,
strengthen security of supply and support innovation. To
fulfil these goals, the EU institutions will work on revising
the Emission Trading System, as well as the existing energy
efficiency and renewable energy directives. The EU legislators will also focus on a new set of measures for Europes security of supply, focusing on intergovernmental agreements
for gas companies and on a heating and cooling strategy, as
well as on liquefied natural gas. Key future policy developments are outlined below.
The uncertainty thrown up by Brexit is reflected in the fact
that private investors will likely hold back on large energy
projects until they have assurances about the environment
they will be operating in. By way of example, the UK has

10

already seen a 20% decline in value of infrastructure contracts for July compared with the previous month. Leaving
the single market could also open the UK to new import
taxes, adding cost to equipment such as foundations for
offshore wind farms or parts for nuclear plants. There are
some silver linings for the UK energy sector though. Brexit would eliminate the EUs trade duties on Chinese solar
equipment imports, making cheap panels more accessible
to UK users. The UK unshackling itself from Brussels might
also mean companies and investors are granted more freedom to access local public subsidies, or pursue energy projects such as for shale gas which are currently submitted to
EU environmental assessment. Meanwhile, in the legislative landscape, the Commissions climate policy - the blueprint for sharing out the 40% by 2030 greenhouse gas target
among the 28 member states is now likely to be postponed,
along with inter-institutional negotiations on the emissions
trading system.

An integrated internal energy

market
> Directive on an Electricity Market Design
In the second half of 2016 the European Commission is
expected to present a draft directive on Electricity Market
design to improve the full integration of new market players,
focusing particularly on renewables. The aim is to allow the
electricity market to manage large-scale cross-border flows
and greater volumes of intermittent electricity from renewable sources.
Ahead of the formal presentation by the Commission, the
Energy Ministers within the Council of the EU and the European Parliament have already shared their preliminary
views. The Ministers indicated in April that a stronger connection with neighbouring countries would allow Member
States to better share capacities in renewable energies,
while increasing the security of supply and ensuring a situation of fair competition for all producers. The European
Parliament presented an own-initiative report on this issue
in June, the adoption of which is expected in September.
MEPs indicate that the redesign must be guided by market-oriented and long-term measures to ensure that the
supply of electricity is balanced against distortions and to
better integrate renewables in the market.

Timeline
September: adoption of the EP own-initiative report
End 2016 : Directive proposal by the Commission
Early 2017: Expected EP Committee position
Mid 2017: Expected Council position
End 2017: Expected formal adoption

proposal may address several sustainability risks, including

lifecycle greenhouse gas emissions from bioenergy production and use, impacts on the carbon stock of forests and
other ecosystems, impacts on biodiversity, soil, water and
emissions to the air, as well as impacts on competition for
the use of biomass between different sectors (energy, industrial uses, food). The full results of the consultation are expected to be published soon.
The results of the complementary consultation on a renewable energy directive for the period after 2020 show that there
is a need for a stable and predictable EU legal framework for
renewable energy policies, as well as strong support for additional EU action on empowering energy consumers, by allowing them to produce and store their own renewable heat
and electricity and participate in all relevant energy markets
and projects in a non-discriminatory and simple way. Finally, there is a broad consensus on the need to decarbonise
the heating and cooling sector, as well as to increase renewable energy use in the transport sector.
Furthermore, on 23 June, the Parliament maintained high
ambitions on renewable energy goals by adopting a resolution which plans to set the goal of 30% of renewable consumption in the energy mix as the minimum objective for
2030.
Both consultations and this resolution will feed the decisionmaking process which will result in the presentation of the
package by the end of 2016.

Timeline
September: Publication of the results of the renewable

energy directive consultation.
End 2016 : Renewable Energy Package proposal by

the Commission
Early 2017: Expected EP Committee position

> Proposals for a new Renewable Energy Package

Mid 2017: Expected Council position

Building on the agreed target of 27% renewable energy in

the EU energy mix by 2030, the European Commission intends in 2016 to put forward a new renewable energy package, comprising a new renewable energy directive for 2030
and a proposal on bioenergy sustainability. The package
is expected to progressively harmonise national support
schemes for renewables, with the objective of addressing
market distortions and avoid overcompensation.

End 2017: Expected adoption of package

Stakeholders and citizens were consulted in the first months

of 2016 on an updated EU policy on sustainable bioenergy for the period 2020-2030. Concerns among respondents
were raised regarding the sustainability impacts and competition for resources caused by the increasing reliance on
bioenergy production and use. According to the items put
forward in this consultation, the Commissions upcoming

11

Climate action
> Directive on EU Emissions Trading System
The European Parliament and the Council of the EU are currently discussing a proposal presented in July 2015 by the
Commission to revise the EU Emissions Trading system for
the period after 2020. The proposal intends to increase the
pace of emissions cuts after 2020 by reducing the overall
number of emission allowances at an annual rate of 2.2%
from 2021 onwards, instead of 1.74% currently. This shall
result in an automatic increase of carbon costs, impacting
energy intensive industries in particular.

In the Council, the proposal was addressed at working

party level under the Dutch Presidency (from January to
July), and Environment Ministers held a policy debate on
the proposal on 20 June 2016. They underlined the importance of flexibility so that the EU can adapt its level of ambition under the dynamic ambition mechanisms of the Paris
Agreement. Discussions will continue under the Slovak
Presidency which started on 1 July. Within the Parliament,
the draft report of the environment committee (ENVI) was
presented at the end of May. In line with the dynamic nature
of the Paris Agreement, the draft report proposes a review
clause for the linear reduction factor, which could lead to a
revision following the first global stocktake in 2023. It calls
on the Commission to consider the impact of overlapping
EU climate and energy policies, and proposes to place allowances in the Market Stability Reserve (MSR) in case of
the closure of power plants.

to achieve energy savings. However, participants indicated that the present framework remains complex, and that
Member States require additional guidance.
On 23 June, the Parliament adopted a resolution on energy
efficiency. It stresses the need for the full implementation
of the existing EU legislation for the EU to meet its energy
efficiency target by 2020 (an increase of 20% by 2020), while
calling for a binding target of at least 30% of renewables in
the EU energy mix by 2030. This recommendation will feed
into the legislative proposal that the Commission is expected to present this autumn.

Timeline
Autumn:

Commission directive proposal

Early 2017 : Expected EP committee position

Mid 2017: Expected Council position

The Environment (ENVI) and Industry, Research and Energy (ITRE) committees, both in charge of this dossier, will
discuss the amendments on the draft report from September
for a vote expected in October (ITRE) and December 2016
(ENVI).

Timeline
September: Consideration of amendments in the

environment and industry committees

of the Parliament.
October :

ITRE Committee position

December: ENVI Committee position

End 2017:

Vote in plenary session and expected adoption

> Directive on Energy Labelling

In July 2015, the European Commission proposed a revision of the energy labelling directive, including provisions
for a single energy labelling scale from A to G and a digital
database for new energy efficient products. For producers,
the new measures imply that they will have to sell their new
products with the new scale and register their products in a
database accessible to Member State authorities to facilitate
compliance checks.

Early 2017: Trilogue negotiations

End 2017:

Expected adoption

Energy efficiency
> Directive on Energy Efficiency
In 2016 the Commission intends to reap the full potential of
energy efficiency by putting forward a new energy efficiency directive. The proposal, to be presented at the end of the
year, will align the regulatory framework to the indicative
EU-level target of at least 27% energy efficiency by 2030.
It will also include provisions for large companies to carry
out regular energy audits. Without waiting for the proposal to be presented, the European Commission has already
announced that it will be reviewed a second time by 2020
with the objective of upping the EU target to 30% energy
efficiency by 2030.
The results of a public consultation on this issue held by
the Commission at the beginning of 2016 show that stakeholders agree that the energy efficiency directive of 2012
established a comprehensive framework for the EU. The
majority also believes that the Energy Efficiency Obligation
Schemes set by the directive are an effective instrument

12

The legislative work is now ongoing under the co-decision

procedure between the European Parliament and the Council of the European Union. In plenary session on 6 July, the
European Parliament adopted its report with amendments
to the draft Regulation setting a revised framework for the
energy efficiency labelling system introduced in 1995. The
Parliament backs the reintroduction, in the course of the
next five years, of the system labelling energy efficiency
from A to G to replace the current A+, A++, A+++ etc. system. These rescaled labels should be introduced within a
timescale of between 21 months and 6 years, depending on
product type, following entry into force of the new Regulation. Negotiations within the Council of the EU will take
place in the coming months under the Slovak Presidency,
with adoption expected in 2017.

Timeline
End 2016:

Council position

Early 2017: Trilogue negotiations

2017:

Expected formal adoption

2018:

Deadline for transposition

Security of Supply
On the 16 of February, the European Commission presented
its Winter Package, also known as the Security of Gas
Supply Package. It contains several measures aimed at improving the resilience of the EU to breaks in gas supply, as
certain countries and regions of the European neighbourhood remain instable, for example Ukraine. Two legislative
proposals, as well as two strategies for Liquefied Natural
Gas (LNG) and for heating and cooling, are part of this strategy.

> Regulation on Security of Gas supply

With its Security of Gas Supply Package presented last
winter, the Commissions goal is to lessen Europes vulnerability and dependence on its neighbours by diversifying its
sources of supply. To this end, it includes two legislative
proposals: a revision of the Regulation on the security of
gas supply, and a decision on Intergovernmental Agreements (IGAs) in energy.
These proposals aim to increase solidarity between Member States in case of serious crises, by guaranteeing that
they provide energy for homes and essential services, such
as health care. They also seek to move from a national to
a regional approach for the design of security of supply
measures, while improving transparency of gas markets,
especially regarding the conclusion of relevant contracts
between gas companies. According to Energy Commissioner Miguel Arias Canete, the Commission and Member
States will have to be notified of any trade contract of more
than one years duration and involving a market share that
is significant to security of supply. Indeed, the Commission
is proposing to create a mechanism for obligatory pre-consultation by Member States before such agreements are
signed. In June, the European energy ministers reached a
compromise on this mechanism, agreeing that the ex-ante
assessment by the Commission of IGAs will apply only to
gas agreements and will take no more than between six and
twelve weeks. This agreement on the general approach will
allow the Council to start negotiations with the European

Timeline
End 2016: Slovak presidency to encourage preliminary

Trilogue negotiations.
Early 2017: Expected EP position
Mid 2017: Expected Council position
End 2017: Expected adoption of both legislative
proposals.

13

Parliament with a view to the final adoption of the proposal

in 2017. Within the Parliament, the industry and research
committee is expected to present its draft report on the Regulation concerning measures to safeguard the security of
gas supply in the coming months.

> Strategy for Liquefied Natural Gas and Gas

Storage (LNG)
A strategy on improving access to Liquefied Natural Gas
(LNG) and the use of gas storage is also part of the Security
of Gas Supply Package. The strategy seeks to present how
the EU should exploit the LNG global market and reduce
regional disparities in terms of access to this alternative
source, notably by reducing the dependency of the Baltic
states on Russia. Strategic infrastructure will be built in various regions, such as South-Eastern Europe and the Baltic
Sea area. On 13 July, the European energy ministers reached
a consensus on the future key role of LNG, agreeing that the
EU must continue with the construction of infrastructure
and interconnections, particularly the north-south link and
the development of several LNG terminals in Greece and
Croatia, as well as the development of links between LNG
capacity in Spain and the main energy corridors.

> Strategy for heating and cooling

Heating and cooling accounts for around half of the EUs
energy use and is expected to remain the largest energy demand driver in the long term. While uncertainties remain as
regards the role of heating and cooling in meeting the 2030
targets, the heating or cooling market is also fragmented
and no single market has so far emerged either nationally or
EU-wide. Instead, heat markets are local and are composed
of many different technologies and economic players.
In this context, the European Commission released in early
2016 a Strategy for heating and cooling (within its Winter
Package for the security of supply) to drive the transformation of the sector, maximise the use of potentials and deploy solutions for demand reduction. It gives guidance to
allow driving actions by stakeholders and Member States
on areas where better synergies between current EU instruments could be exploited or where EU and national regulatory frameworks would need to be complemented.
On the 12 July 2016, the European Parliament adopted a
resolution in which it states that heating and cooling systems must be modernised to make more use of renewable
energy and new technologies. The Parliament calls on the
Commission to do more to raise awareness among consumers of the often low performance of their installed heating
systems and to increase the modernisation rate of existing
heating and cooling systems. MEPs also encourage member states to put in place tax and financial mechanisms for
the development and use of urban heating and cooling systems. The Commission should also better integrate smart

technologies in relevant energy union initiatives to ensure

real interconnectivity of smart appliances, connected homes
and smart buildings with smart grids, MEPs say. Although
the strategy does not announce any new legislative proposals, it presents some steps that the European Commission
may consider in the process of revising existing energy legislation.

Research and Innovation

> Strategy on research, innovation and
competitiveness
The European Commission is planning to develop a comprehensive research, innovation and competitiveness strategy for the Energy Union, as the fifth pillar of the Energy
Union. It held a public consultation from March to May in
order to gather stakeholders views on how to achieve the
EUs energy and climate targets, as well as sector-specific
research, development and innovation goals needed for the
EU transformation. The findings, scheduled to be released
by 30 September, will feed into the integrated Research, Innovation and Competitiveness strategy to be presented at
the end of 2016. This strategy will provide recommendations on how to reduce EUs emissions and use of energy,
while maintaining the competitiveness of economic sectors
including energy and transport but also industry, agriculture, bioeconomy and construction.
The European Commission has also launched two public
consultations regarding energy issues, allowing the stakeholders to make their voice heard.

Energy

Internal Energy
Market

> Consultation regarding the 2009 Directive

imposing an obligation on Member States to

maintain minimum stocks of crude oil and/or
petroleum products.
27 July - 31 October
The 2009 directive imposes an obligation on Member
States to maintain stocks of crude oil and/or petroleum products. With this consultation, the European
Commission is collecting views and suggestions
from stakeholders and citizens in the context of the
current evaluation of the directive. The general objectives of the evaluation are to assess how the Oil
Stocks Directive has been implemented in the Member States and how it is functioning in practice, and
to identify possible problems and areas for improvement or simplification.

> Consultation on the development of network

codes and guidelines for 2017 and beyond.
18 July 14 October
The objective of this consultation is to consult
stakeholders on the priorities for the development of
network codes and guidelines for 2017 and beyond.
The European Commission has to establish in
accordance with its Electricity Regulation and its
Gas Regulation an annual priority list identifying
the areas to be included in the development of
network codes.

2016

Timeline

2017

Q3

Q4

DIRECTIVE FOR AN
ELECTRICITY MARKET
DESIGN

EP Committee
preliminary position

Commission
Proposal

EP Committee
Position

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

DIRECTIVE ON RENEWABLE
ENERGY

Consultation results

Commission
Proposal

EP Committee
Position

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

EP Committee
Position

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

Energy efficiency
& climate

DIRECTIVE FOR A REVISED

EU EMISSION TRADING
SYSTEM

Supply
Security

LEGISLATIVE PROPOSAL
ON BIOENERGY
SUSTAINABILITY

REGULATION ON SECURITY
OF GAS SUPPLY

DIRECTIVE ON ENERGY
LABELLING

DECISION ON IGAS

Q1

Commission
Proposal

EP Committee
Position

Council
Position

EP Plenary
Position

EP Plenary
Position

Council
Position

Adoption

EP Committee
Position
Trilogue
negotiations

Preliminary inter-institutional
negotiations
EP Committee
Position

Q2

Trilogue
negotiations

Commission
Proposal

DIRECTIVE FOR ENERGY

EFFICIENCY

14

Ongoing consultations

Adoption

EP Committee
Position
Council
Position

Council
Position

Council
Position

EP Plenary
Position

Q3

Q4

National transposition

EP Plenary
Position

Trilogue
negotiations

Adoption

National transposition

EP Plenary
Position
Trilogue
negotiations

Adoption

Adoption

Digital

Towards a Digital
Single Market by
end of 2017
In the second half of 2016, the European institutions will
enter the final stretch; releasing, adopting or making significant progress in the negotiations over the remaining legislative proposals completing the Digital Single Market. While
some major proposals, such as the Regulation on geoblocking or the cross-border portability of online content, are
about to enter the decisive phase of trilogue negotiations,

15

the European Commission will also present its long-awaited proposal on copyright reform in September, adapting
intellectual property rules to the ever-evolving online environment. European stakeholders are expected to actively
contribute to the debate given the many financial, legal and
cultural interests at stake.

E-Commerce and Online Services

> Regulation on phasing out Geo-blocking
According to the European Commission, only 37% of websites allow consumers to make online purchases in another
Member State than their own. The European Commission
considers this geo-blocking practice to be unjustified
because it fragments the internal market, preventing consumers from buying products that are only available outside of their own Member State. In an effort to address
these shortcomings, the European Commission presented
in May this year a proposal for a Regulation to phase out
unfair geo-blocking, introducing the same place, same service, same conditions principle: it will oblige traders to sell
under the same conditions as in their home countries, without discrimination on access to prices, sales or payment
conditions. The new rules will apply to all European and
foreign companies operating in the European market.
The European Parliament is currently elaborating its position on the dossier within its Internal Market Committee
under the leadership of the rapporteur Ra Maria Grfin
von Thun und Hohenstein (EPP, Poland). MEPs have already said in a resolution that geo-blocking was unjustified
and that the practice should stop. While the Parliament is
likely to support the Commission pro-consumer approach,
the Council of Ministers is expected to adopt a stronger
pro-business stance on the dossier, as the sensitive issue
of phasing out geo-blocking impacts the business model of
many online service providers. The Slovak Presidency of
the Council stated that it will try to reach a common position on the proposal by the end of the year before starting
the negotiations with the Parliament. The adoption of the
Regulation is therefore not expected before Spring 2017.

a Regulation to allow cross-border portability of online content services in December last year. In practice, the Regulation will enable consumers with subscriptions to online
content to access it when they are temporarily in another
EU country.
The European Parliament and the Council of Ministers already adopted their position on the proposal and will start
inter-institutional negotiations in September with a view
to reaching an agreement by the end of the year. The negotiations are not expected to be difficult, as the European
Parliament and the Council share the same approach on the
sensitive notion of temporary presence in another Member State. Some Members of the European Parliament advocated for a strict definition to a certain number of days, but
both the Parliament and the Council agreed to not define
the notion of temporary period abroad and call for compulsory and effective controls. They also both propose a strict
definition of the country of residence and call on service
providers to carry out checks on the basis of a range of criteria, such as the invoice address, bank account, payment
of local taxes or samples of the IP address. They eventually
explain that the new obligations applicable to service providers should not lead to increased administration costs and
that the principle of territoriality must continue to prevail.

Timeline
September: start of the Trilogue negotiations
End 2016 : expected agreement on the decision
Early 2017: expected formal adoption of the decision
Mid 2017: expected start for the implementation of

the regulation

Timeline
November: expected Council position on the proposal

> Proposal on copyright enforcement

End 2016: expected Parliament position on the proposal

On 21 September, the Commission is expected to present a

legislative proposal on the enforcement of the legal framework of intellectual property rights (IPR). The proposal intends to review the functioning of the previous Directive
on the enforcement of intellectual property rights (IPRED),
aiming to adapt its provisions to the ever-evolving online
environment and to propose corrective measures. Among
the concrete actions envisaged, the European Commission
has already asserted that it will focus on commercial-scale
infringements to strengthen the protection of all IPR. In
this respect, the European Commission intends to adopt
a follow the money approach aimed at depriving infringers of revenue flows. In particular, it will suggest that all
websites hosting videos such as YouTube, Dailymotion and
Facebook, seek to conclude, in good faith, agreements with
the rights holders that reflect the economic use value of the

Early 2017: expected start of the Trilogue negotiations

Spring 2017: expected agreement on the regulation
Mid 2017: expected formal adoption of the regulation
July 2018: expected entry into force of the regulation

> Regulation on Cross-border Portability of

Online Content Services
Films, music or e-books purchased in one EU country are
not systematically accessible when people travel to other
Member States, for example on holidays or a business
trip. Considering this as an obstacle to free movement of
goods, the European Commission presented a proposal for

16

protected work in question. According to preliminary drafts,

the Commission will also put forward measures to strengthen the online rights of newspaper publishers by providing
them with the possibility of seeking financial compensation
from search engines and Internet Platforms such as Google
News.
The European Commission is close to releasing its proposal. A public consultation on this issue was opened during
the first half of 2016. On 21 June 2016, the Commission
held a further Intellectual Property Rights Enforcement
Conference where key European and international decision
makers gathered to review the progress made in disrupting
IP infringing activities at the source and ensuring supply
chain integrity. All these inputs will help the European
Commission complement its proposal before presenting it
to the European Parliament and the Council of the European
Union in a normal co-decision procedure which is expected
to span the duration of 2017.

Commissions approach on audiovisual media services.

The main difficulties for the coming months are expected to
be around quotas for European works. While Finland, Denmark and Sweden wondered whether it was worth putting
in place quotas for European works on video on demand
services, France, which applies a 60% quota inside its borders, took the view that the Commission proposal did not go
far enough. This issue will have to be resolved before reaching a common position on the proposal either by the end of
this year, or early 2017. Interinstitutional negotiations will
then start thereafter for a potential final adoption in mid2017.

Timeline
Early 2017 : expected Parliament and Council positions

on the proposal
Spring 2017: expected start of the Trilogue negotiations

Timeline

Mid 2017:

expected agreement on the directive

Fall 2017:

expected formal adoption of the directive

Fall 2018: deadline for the implementation of the

directive

September: expected Commission proposal

Mid 2017: expected Parliament and Council positions

on the proposal
Fall 2017:

expected start of the Trilogue negotiations

End 2017: expected agreement on the directive

> Directive on Audiovisual Media Services

The European Commission in May proposed an update to
EU audiovisual rules to make them more flexible on advertising time, to protect children and to subject subscription
video services to demands on the promotion of European
works. In terms of advertising, the Commission is proposing that programs can be interrupted by adverts every 20
minutes, instead of the current 30 minutes. It also allows TV
chains to extend the length of advertising spots by applying
the current 20% threshold from 7am to 11pm. Product placement and promotion will also be authorized, in an effort to
create a level playing field with the US. As regards the
promotion of European content, the Commissions proposal
imposes video on demand services (VOD) such as Netflix or
Amazon Prime to broadcast at least 20% of European content. The Commission also empowers the Member States
where such VOD services are available, to require such
companies to make a financial contribution to local cinema.
While the European Parliament is just starting to construct
its position on the dossier, EU culture ministers held a first
debate on the proposal where they mostly welcomed the

17

Networks and Cybersecurity

> Decision on the 700MHz Band
Back in February 2016, the European Commission released
a proposal for a decision to coordinate the so-called radio
spectrum which allocates the use of the Ultra High Frequency (UHF) 700 MHz band. The band is currently used
by terrestrial broadcasting and mobile networks, and will be
fundamental in coming years for the development of many
new technologies requiring radio spectrum allocation (such
as the Internet of Things, the cloud systems, the digitalisation of industrial sectors or e-government). However, the
national management of the spectrum has resulted in very
different conditions between individual Member States. In

Timeline
September: start of the Trilogue negotiations
End 2016 : expected agreement on the decision
Early 2017: expected formal adoption of the decision
2022:

expected deadline for the allocation of

694-790 MHz to mobile services

2030:

expected deadline for the allocation of

470-694 MHz to TV broadcasters

order to allocate the UHF band in a harmonised manner,

the Commission proposed to reorganise its allocation by
dividing it into two parts: the upper part of the spectrum
(694-790 MHz) will be devoted from 2020 or 2022 exclusively to mobile operators, including new technologies, while
audiovisual services and TV broadcasters will be moved to
the lower part (470-694 MHz) until 2030.
In September, the draft decision will be subject to inter-institutional negotiations between the European Parliament
and the Council of Ministers. The European Parliament
supports the proposal in a recent draft report prepared by
Patrizia Toia (S&D, Italy), in which it suggests only minor
changes to the timeline of implementation. The Council of
Ministers also accepts the essence of the Commissions proposal but is vying for greater flexibility: the Member States
will have a maximum of two years to allocate the upper part
of the spectrum (694-790 MHz) to mobile services and they
will have until 2018, rather than 2017, to adopt national
roadmaps. The negotiations are expected to be completed
by the end of year.

> Regulation on cross-border Parcel Delivery

In May, the European Commission presented a proposal for
a Regulation to increase price transparency and regulatory oversight of cross-border parcel delivery services so that
consumers and retailers can benefit from more affordable
deliveries and convenient return options even to and from
peripheral regions. The Commission justifies its proposal
on the premise that almost 4 billion parcels are ordered online every year in the EU, but very few citizens order parcels
from other Member States, as the costs are broadly considered too expensive.

Timeline
Early 2017: expected Parliament and Council positions

on the proposal
Spring 2017: expected start of the Trilogue negotiations
Mid 2017:

expected agreement on the regulation

Fall 2017:

expected formal adoption and entry into

force of the regulation

2019:

progress report on the implementation of

the regulation

> Directive on e-privacy

Following the formal adoption of the Data Protection Reform
in April, the Commission intends to present a proposal for
directive to reform privacy rules online in November. Its aim
will be to align with the recent data protection reform, and
will focus more on enhancing security and confidentiality of
electronic communications, in particular regarding cookies,
traffic and location data.
With a view to complement its legislative proposal before
presenting it this autumn, the European Commission held a
public consultation from April to July to seek stakeholders
views on the possible changes to the existing legal framework to make sure it is up to date with the new challenges
of the digital arena. Stakeholders and telecom groups have
already expressed their concerns about the revision of the
current directive, which could increase Regulation of their
sector while not imposing similar rules on big internet companies.

Timeline

The proposal intends to give national postal regulators

the data they need to monitor cross-border markets and
check the affordability and cost-orientation of prices. It
will also encourage competition by requiring transparent
and non-discriminatory third-party access to cross-border
parcel delivery services and infrastructure. As part of the
measures enclosed in its proposal, the Commission will
also publish publicly listed prices of universal service providers to increase peer competition and tariff transparency.
The Commission plans to take stock of progress made in
2019 and assess if further measures are necessary.

> Revision of the Telecoms Package

The European Parliament and the Council of the European Union are just starting to develop their internal position
before entering into inter-institutional negotiations. Within
the European Parliament, the file has been assigned to the
Committee on Transport and Tourism (TRAN) and the appointment of a rapporteur is pending. The 28 responsible
EU Ministers will discuss the proposal at their next Telecom
Council meeting on 2 December.

The Commission announced it will present its proposals

for a revision of the telecoms package in November this
year. While provisions on roaming charges and net neutrality were set out in last years package, the European Commission plans to revise the telecom regulatory framework
by tackling the issue of the wholesale market mechanism
for roaming, introducing investment incentives in ultrafast
broadband and ensuring openness of the telecom market to
new market entrants.

18

November: expected Commission proposal

Mid 2017: expected Parliament and Council positions

on the proposal
Fall 2017:

expected start of the Trilogue negotiations

End 2017: expected agreement on the directive

The European Commission completed two public consultations last year on broadband needs and the review of the
current telecoms framework. It covered all three main pillars
of the current framework, namely the network pillar, with
the aim of ensuring a consistent regulatory framework that
is supportive of infrastructure investments in both fixed and
wireless networks; the service pillar, with the aim of ensuring a modernised regulatory regime for electronic communication services and the governance pillar, with the aim of
ensuring that markets are regulated in a consistent manner
across the EU.
The revision of the telecoms package may be the last legislative item out of an agenda of 16 identified actions in the
Commission Digital Single Market strategy. Its adoption is
not expected before the end of 2017.

Timeline
November: expected Commission proposal
Mid 2017: expected Parliament and Council positions

on the proposal
Fall 2017:

expected start of the Trilogue negotiations

End 2017: expected agreement on the directive

Digital
Single Market
Timeline
Cross-Border E-commerce

REGULATION PHASING OUT

GEO-BLOCKING

2016
Q3

Q4
EP Committee
Position

PROPOSAL TO REFORM
THE COPYRIGHT REGIME

Commission
Proposal

REGULATION ON CROSSBORDER PORTABILITY OF

ONLINE CONTENT

Trilogue
negotiations

DIRECTIVE ON
AUDIOVISUAL MEDIA
SERVICES DIRECTIVE

Networks & Infrastructures

DECISION ON THE
700MHZ BAND

Council
Position

Q1
EP Plenary
Position

Trilogue
negotiations

Q2

Trilogue
negotiations

Council
Position

Adoption

Q4
Implementation

EP Plenary
Position

Trilogue
negotiations

Adoption

Implementation

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

EP Committee
Position

Q3

Adoption

EP Committee
Position

EP Committee
Position

REGULATION ON CROSSBORDER PARCEL DELIVERY

19

2017

Council
Position

National
Transposition

Adoption

Implementation

EP Plenary
Position

Trilogue
negotiations

Adoption

Implementation

PROPOSALS TO REVIEW
THE TELECOM PACKAGE

Commission
Proposal

EP Committee
Position

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

DIRECTIVE ON E-PRIVACY

Commission
Proposal

EP Committee
Position

Council
Position

EP Plenary
Position

Trilogue
negotiations

Adoption

GH
SI
I

leonardo.sforza@mslgroup.com

Olivier Hinnekens
olivier.hinnekens@mslgroup.com

Romain Seignovert
romain.seignovert@mslgroup.com

Alastair Bealby
alastair.bealby@mslgroup.com

Franois Troussier
francois.troussier@mslgroup.com

Web
WWW.MSLGROUP.COM

Twitter
@MSL_BRUSSELS

Office

Square de Mees 23, 1000 Brussels, Belgium

ls
ur Sse

GHTS B
SI

Leonardo Sforza

GHTS B
SI

ls
ur Sse

GHTS B
SI

sels
ruS

TS
IGH B

sels
ruS