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European Union Compliance European Commission

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Pillsbury - Global Sourcing Practice

New Changes to GDPR Proposed: An Indication of Shifting Policy Priorities?

The European Commission’s proposed amendments to the General Data Protection Regulation (GDPR) mark the first substantive reworking of the regulation since its enactment, signaling a material shift toward economic pragmatism....more

Mayer Brown

Country Classification, Updated FAQ and Guidance, Draft Delegated Regulation: EUDR Compliance Made Easier?

Mayer Brown on

On 22 May 2025, the European Commission (“Commission”) made public risk classification of countries under the EU Deforestation Regulation (“EUDR”)1 which assigned a low level of risk to 140 countries and high level of risk to...more

Ropes & Gray LLP

European Commission Sets Country Risk Classifications for EU Deforestation Regulation Compliance

Ropes & Gray LLP on

The EU Deforestation Regulation requires the European Commission to classify countries according to their risk of producing EUDR covered commodities that are not deforestation-free. The Commission adopted its country...more

Proskauer - Regulatory & Compliance

Beyond the Forest: Navigating the EU’s Deforestation Rules

On 15 April 2025, the European Commission (the “Commission”) released new simplification measures relating to the EU Deforestation Regulation (“EUDR”) with the promise of ensuring a “simple, fair and cost-efficient...more

Ropes & Gray LLP

The Omnibus Sprouts Leaves – Simplification of the EU Deforestation Regulation Announced

Ropes & Gray LLP on

A few weeks ago, we wrote about growing calls for a “fleet of omnibuses” – a holistic approach to simplifying EU due diligence requirements that takes into account sector-specific laws pertaining to deforestation, conflict...more

Environmental General Counsel PC

A European Perspective on Sustainability, CSRD, and the Omnibus Package: An Interview with Ferruccio Bongiorni of Studio Bongiorni

Environmental General Counsel (“EGC”) Founder and Principal Catherine W. Johnson recently interviewed Ferruccio Bongiorni, Founder and Managing Director of Studio Bongiorni located in Milan, Italy, about sustainability issues...more

Ropes & Gray LLP

A Fleet of Omnibuses and Other Takeaways from Monday’s Responsible Business Alliance Conference on the CSDDD in Brussels

Ropes & Gray LLP on

On Monday, the Responsible Business Alliance hosted a stellar event in Brussels, Driving Effective Due Diligence: Omnibus Unpacked. This waitlisted, standing room-only event – co-hosted with the European People’s Party,...more

Ropes & Gray LLP

Gassing Up the Omnibus: European Council Announces Support for Stop-the-Clock Proposal

Ropes & Gray LLP on

On March 26, the European Council announced its support for the stop-the-clock proposal that would push back some compliance dates under the EU’s Corporate Sustainability Reporting Directive and Corporate Sustainability Due...more

Vinson & Elkins LLP

The EU’s Proposed Omnibus Package—Sustainability Reporting Simplified

Vinson & Elkins LLP on

The past few years have seen concerted efforts — both domestically and globally — advancing the reporting and disclosure of various climate- and sustainability-related metrics by businesses and investors. One of the most...more

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

K&L Gates LLP

Green, But Lean: EU Eases Sustainability Rules Without Ditching Climate Goals

K&L Gates LLP on

On 26 February 2025, the European Commission published the Omnibus Simplification Package, a set of proposals designed to streamline key EU sustainability regulations, eliminate redundancies, and reduce administrative burden...more

A&O Shearman

EBA opinion on EC's partial rejection of RTS on information required in application for authorisation of ARTs

A&O Shearman on

The European Banking Authority (EBA) has published an opinion (dated 25 February) on the European Commission's (EC's) amendments relating to the final draft regulatory technical standards (RTS) on the information to be...more

King & Spalding

EU & UK AI Round-up

King & Spalding on

The first EU & UK AI Round-up, published on 15 January 2025, discussed the important regulatory updates affecting the AI ecosystem in both the EU and the UK that occurred towards the end of 2024. Notably since that update,...more

Skadden, Arps, Slate, Meagher & Flom LLP

European Commission Publishes ESG Reporting Omnibus Package

On 26 February 2025, the European Commission (the EC) adopted a new package of proposals aimed at simplifying the EU’s ESG reporting and compliance requirements. The EC published two separate proposals for directives to make...more

K&L Gates LLP

Europe: ESMA and National Regulators Launch Coordinated Review of Fund Manager Compliance and Internal Audit Functions

K&L Gates LLP on

On 14 February 2025, the EU’s securities and markets regulator, the European Securities and Markets Authority (ESMA), launched a Common Supervisory Action (CSA) with EU Member State National Competent Authorities (NCAs), in...more

McDermott Will & Emery

Quarterly Sanctions Update | Q4 2024 / Q1 2025

McDermott Will & Emery on

What’s New? The European Union and the United Kingdom remain committed “to keep up the pressure on the Kremlin” by way of imposing further sanctions as Russia’s illegal invasion of Ukraine enters the fourth year. Within a...more

A&O Shearman

European Commission clarifies key concepts of the Data Act in updated FAQs

A&O Shearman on

On February 3 2025, the European Commission published an updated version of the Frequently Asked Questions (FAQs) about the Regulation (EU) 2023/2854 on harmonised rules on fair access to and use of data (Data Act). Key...more

Walkers

ESMA Consults on Simplified Disclosure Templates for Private Securitisations

Walkers on

ESMA has launched a Consultation on a draft simplified disclosure template for "European private securitisations". The stated objective of the Consultation is to streamline disclosure templates for private...more

A&O Shearman

European Commission draft guidelines on AI system definition under EU AI Act

A&O Shearman on

The European Commission (EC) has published draft guidelines on the definition of an AI system to explain the practical application of the legal concept, as anchored in the EU AI Act. The EC aims to assist providers and other...more

A&O Shearman

European Commission rejects draft technical standards on sub-contracting ICT services under Digital Operational Resilience Act

A&O Shearman on

The European Commission has published a letter (dated 21 January 2025) addressed to the Joint Committee of the European Supervisory Authorities (ESAs) rejecting certain draft regulatory technical standards (RTS) the ESAs...more

A&O Shearman

Zooming in on AI - #14: Enforcement of the AI Act

A&O Shearman on

The European Union Artificial Intelligence Act (AI Act) entered into force on 1 August 2024. The AI Act establishes a risk-based approach to AI, prohibiting certain practices that are deemed unacceptable, such as social...more

A&O Shearman

European Commission adopts Delegated Regulation on over-the-counter derivatives identifying reference data under EU Markets in...

A&O Shearman on

The European Commission has adopted a Delegated Regulation supplementing the EU Markets in Financial Instruments Regulation on OTC derivatives identifying reference data to be used for the purposes of the transparency...more

HaystackID

AI Under Scrutiny: Europe’s Landmark AI Act Begins Enforcement

HaystackID on

The European Union’s AI Act is now in effect. Officially entering into force on August 1, 2024, the regulation has begun reshaping the artificial intelligence landscape across Europe. While some of its key prohibitions will...more

Proskauer - Regulatory & Compliance

European Commission’s Competitiveness Compass – is it the roadmap for simplification of EU sustainability regulations?

On 29 January 2025, the European Commission published a communication on its Competitiveness Compass for the EU (COM(2025) 30). The Competitiveness Compass outlines the European Commission’s proposed initiatives for the next...more

Morrison & Foerster LLP

Current developments in ESG obligations in the EU: Omnibus Regulation and EU Deforestation Regulation

In the EU, the new year brings on the one hand hope for relief regarding ESG reporting and disclosure obligations (I. below). On the other hand, the EU Deforestation Regulation (EUDR) will create new burdens for many...more

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