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Digital 3
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Audiovisual Media Services Directive
Energy 7
EU Strategy Package on Natural Gas and LNG to be unveiled
early next year
COP21 EU mandate
Financial Services
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Digital
Following the adoption of the EU Digital Single Market strategy (DSM), the European Commission is now focusing on the
development of an EU regulatory and policy framework aimed
at bolstering the development of the European digital landscape. For that purpose, eight consultation processes have
been launched; one of these has just been closed and the others will run until November and December.
The consultations cover a wide range of policy issues, spanning from intellectual property rights to the role of on-line platforms and intermediaries, requiring in-depth market insight
and thoughtful analysis to better inform the launch of any new
legislative proposal in this area. Businesses and stakeholders
interested by these developments should not lose this opportunity to make their voice heard in Brussels.
Following the consultation process, the Commission will assess the contributions received and likely submit a new legislative proposal later in 2016. Beyond the on-going consultation process, it is worth mentioning the EC campaign on
cybersecurity that will run across Europe in October.
54% (US)
1 in 5 Europeans is interested in
watching or listening to content from
other EU countries
315 million
Europeans use the
Internet every day
Source: The European Commission
4% (EU)
Cross-border
42% (EU)
National - 28
member states
59%
Only 59% of Europeans can access 4G,
dropping to 15% in rural area
15%
Source: The European Commission
Creating a
European Digital
Economy and
society with
growth potential
Digital data
stored in cloud
Online platforms, cloud & data, liability of
intermediaries, collaborative economy
Through the long-awaited consultation launched on 24
September, the EC wants to better assess the social and
economic role of online spaces where providers and users
of content, goods and services can meet (such as internet
search engines, social media, knowledge and video sharing
websites, news aggregators, app stores and payment systems).
The consultation covers a wide range of issues, notably:
transparency in search results, terms of use, ratings and
reviews, the use of information by platforms; the relation
between platforms and their suppliers; the conditions of
switching between comparable services offered by platforms, the role of online intermediaries including ways to
tackle illegal content on the Internet. The consultation is
also collecting views on the liability of intermediaries as regards illegal content hosted online and how to improve the
free flow of data in the EU and to build a European Cloud.
Finally, it is looking into the role of platforms in the collaborative economy and their impact on rights and liabilities,
innovation and consumer choice.
This consultation, which runs until the end of December
(exact date to be confirmed), is the first step in the Commissions examination of the issues around platforms, and will
feed into a comprehensive assessment on the role of platforms and intermediaries planned for the first part of 2016.
the extension of the current single electronic registration and payment mechanism to cover the sale of
tangible goods;
the introduction of a VAT threshold to help online
start-ups and small businesses;
allowing cross-border businesses to be audited only
by their home country for VAT purposes;
removing the VAT exemption for the import of small
consignments from suppliers in third countries.
generate specific awareness on Network and Information Security (NIS), which is addressed in the
proposed NIS Directive;
increase national media interest through the European and global dimension of the project;
enhance attention and interest with regard to information security through political and media coordination.
To know more about the national initiatives, get the EU cybersecurity toolbox and get involved check :
https://cybersecuritymonth.eu/
An inclusive e-society
Almost half the EU population
(47%) is not properly digitally
skilled, yet in the near future,
90% of jobs will require
some level of digital skills
A strategy of digital
by default in the
public sector could
result in around 10
billion of annual savings
Energy
July, the European Commission adopted new rules governing its electricity market that enable a mechanism known as
market coupling to be implemented legally across Member
States electricity markets. The new regulation will allow
cross-border cooperation between national power exchanges
and bring them together as a more integrated market where
bids and offers for services from providers can be made
across borders with greater ease.
Commission Vice-President efovi has been promoting investment to ensure sufficient infrastructure to link national
grids together. Recent investment has seen the construction
of a 190km power interconnection linking France and Italy
via the Alps. Interconnectivity infrastructure will not remain
exclusive to the EU. During a recent conference of Western
Balkan states, efovi underlined the need to develop such
a project beyond EU borders and ensure the interconnection
of Albania, the Former Yugoslav Republic of Macedonia
(FYROM), Serbia, Montenegro, Bosnia and Herzegovina,
Romania and Serbia. This move not only intends to enhance
connectivity in South Eastern Europe, but is also a means to
begin investment in Balkan infrastructure ahead of the accession of EU candidate countries in the region.
COP21 EU mandate
After several months of negotiations, EU environment ministers agreed in September on the COP21 blocs mandate
for climate change talks, calling for a long-term goal to cut
greenhouse-gas emissions by at least half by 2050 compared
with 1990 levels, and to be near zero or below by the end of
the century.
Those targets are slightly different from those envisaged by
the European Parliament. On 22 September, the Environment Committee stated that the Parliaments delegation to
the COP 21 climate talks in Paris must call for a 40% cut in
greenhouse gas emissions by 2030, a 40% energy-efficiency
target and a binding 30% target for renewable energy. The
Committee also wants a share of the EUs carbon market
allowances to be earmarked for climate finance, and for the
aviation and shipping sectors to initiate measures to curb
their emissions by the end of 2016. The full House will vote
on 14 October.
Financial Services
The Capital Markets Union seeks to ensure the diversification of sources of finance to allow companies, particularly SMEs, to tap into capital markets and gain access to
non-bank financial means such as credit. The action plan
presented on 30 September by the Commission sets out the
priority actions needed to put in place the building blocks
of a Capital Markets Union by 2019, removing barriers to
cross-border investment and lowering the costs of funding.
Together with the Action plan, the Commission has also disclosed a few immediately operational initiatives. These cover:
A legislative proposals to establish a framework for simple, transparent and standardised securitisation and to
set out new prudential calibrations for banks in the Capital Requirements Regulation (CRR);
GH
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Leonardo Sforza
leonardo.sforza@mslgroup.com
Nicolas Acker
nicolas.acker@mslgroup.com
Olivier Hinnekens
olivier.hinnekens@mslgroup.com
Romain Seignovert
WWW.MSLGROUP.COM
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@MSL_BRUSSELS
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