There are mounting concerns in the Council and the European Commission regarding the European Parliament’s approach to the Multiannual Financial Framework (MFF) i.e. the EU’s long-term budget. There are fears that not enough provisional agreements on sectoral programmes will be reached before the European elections, according to a letter from the Romanian Presidency of the…

In March 2018 the European Commission released its plans to boost crowdfunding activity in the EU as part of its wider FinTech Action Plan. The European Crowdfunding Service Providers (ECSP) Regulation – and its accompanying Directive amending MiFID II – proposes a voluntary EU regime for lending-based and equity-based crowdfunding service providers (i.e. platforms). The…

BREXIT

The next European Parliament will shrink from 751 to 705 MEPs, the European Council formally decided yesterday. The decision, which reduces and redistributes European Parliament seats, following the withdrawal of the United Kingdom (UK) from the European Union (EU), came after the European Parliament’s endorsement of the proposed recomposition of seats earlier this month. Of…