Legal

Protection of persons reporting on breaches of Union law

Updated on 21/08/2019

State-of-play: Waiting for the publication in the Official Journal.

Level 1

 

Commission

  • On 23 April 2018 the Commission published the proposal.

 

Parliament

  • On 27 September 2018, ECON Committee published an opinion on the proposal for a directive of persons reporting on breaches of Union law.
  • On 3 October 2018, AFCO Committee published an opinion on the proposal for a directive of persons reporting on breaches of Union law.
  • On 8 November 2018, LIBE Committee published an opinion on the proposal
  • On 26 November 2018 the JURI Committee published the Report on the proposal for a directive on the whistleblowers.
  • On 25 March 2019 JURI Committee published an opinion on the legal basis of the proposal on whistleblowers.
  • On 16 April 2019, the plenary session confirmed the trilogues agreement.

 

Council

  • On 25 January the Council adopted at ambassador level a general agreement on the text.

 

Trilogue

  • On 12 March 2019, The Council and EP have reached an agreement.
  • On 15 March 2019, The Council has confirmed the political agreement reached the 12thof March.

 

NEXT STEPS

  • Formal adoption by the Council followed by publication in the OJ.

Securities and Claims

Updated on 21/08/2019

State-of-play: Consultation.

Level 1

Commission

On 12 March 2018, the Commission published its proposal on the law applicable to third-party effects of assignments of claims.

Council

Discussions are on-going

General Data Protection Regulation

Updated on 20/08/2019

State-of-play: Published in the Official Journal. L 119/1 on 4 May 2016

Level 1

 

State-of-Play

Published in the Official Journal L 119/1 on 4 May 2016.

 

Entered into force: 24 May 2016.

It shall apply from 25 May 2018.

Proposal for a directive on prevention, detection, investigation or prosecution of certain criminal offences

Updated on 21/08/2019

State-of-play: Published in the Official Journal.

Level 1

State-of-play: Publication in the OJ on 11 July 2019.

Commission:

Parliament:

  • On 2 October 2018, ECON Committee published a draft opinion
  • On 28 November 2018, ECON Committee published the opinion to the LIBE Committee on the proposal on prevention, detection, investigation or prosecution of certain criminal offences
  • On 7 December 2018, LIBE Committee published the report on the proposal for a directive.
  • On 17 April 2019 vote in plenary of the trilogue agreement.

Council:

  • On 21 November 2018, agreement on law enforcement access to financial information
  • On 12 February 2019 the EP and Council have reached a provisional agreement on law enforcement access to financial information.
  • On 14 June 2019, the Council adopted the directive on the access to financial information

Trilogue

  • Agreement reached on 26  February 2019.

 

Anti-Money Laundering Directive

Updated on 21/08/2019

State-of-play: Published in the Official Journal. on 19 June 2018

Level 1

State-of-play: Published in the Official Journal on 19 June 2018

 

Commission

  • On 5 July 2016, the Commission has adopted a proposal to amend the Fourth Anti-Money Laundering Directive.
  • On 12 September 2018 the Commission proposed to strengthen the EBA’s powers on anti-money laundering.
  • On 13 February 2019 the Commission has adopted a new list of third countries with anti-money laundering and terrorist financing regimes
  • On 24 July 2019, the Commission has published a Communication and four reports on the fight against money laundering and terrorist financing.

 

Council

 

European Parliament

  • On 20 December 2017 an agreement was reached between the presidency and the Parliament.  
  • On 29 January 2018, the agreement was adopted at committee level by both the ECON and LIBE.
  • On 19 April 2018 the proposal on AMLD V was adopted at plenary.
  • On 19 April 2018, the plenary of the European Parliament votes in favour of the trilogue agreement.
  • On 2 October 2018 ECON published a draft opinion on the proposal for a directive on rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences.
  • On 7 November 2018, ECON published amendments on rules facilitating the use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences.
  • On 12 November 2018, the Official Journal published the Directive on combating money laundering by criminal law.

 

Level 2

  • On 14 May 2019 The Official Journal published a Commission Delegated Regulationon money laundering and terrorist financing risk in certain third countries.

 

Level 3

  • On 26 June 2017, ESAs published their final guidelines on AML.
  • On 8 November 2018 ESAs published a public consultation draft guidelines on the corporation and information exchange between component authorities supervising credit and financial institutions for the purpose of AML/CFT supervision.
  • On 24 July 2019, EBA published an opinion on the link between money laundering and terrorist financing concerns and prudential objectives.

EU business insolvency framework

Updated on 21/08/2019

State-of-play: Consultation.

Level 1

State-of-play: Consultation

 

Commission

  • Launched a consultation on 23 March 2016 that ended on 14 June 2016.
  • The Commission adopted its legislative proposal on business insolvency on 22 November 2016.

European Parliament

  • Work at committee level (JURI) on-going.
  • On 12 July 2017 the ECON Committee had an exchange of views on preventative restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.
  • On 16 October 2017 the ECON Committee considered amendments to preventative restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.
  • On 21 August 2018 the JURI Committee published their report on the proposal
  • On 23 January 2019 after successful trilogue negotiations approval in committee of the text agreed with the Council and the Commission.
  • On 28 March confirmation of the trilogue agreement in plenary. 

Council

  • On 11 October 2018 the Council comes to a general agreement on the text.
  • On 19 December 2019 the Council agrees at ambassador level to the text resulting from the inter-institutional negotiations (trilogues).

Trilogue

 

NEXT STEPS

  • Publication in the Official Journal.

Contact

Association des Banques et Banquiers, Luxembourg

Address

12, Rue Erasme L-1468 Luxembourg

Phone Fax
Opening hours

Monday to Friday from 8:00 to 17:30.