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On 16 May 2023, the Council formally approved the Regulation on Markets in Crypto-Assets (MiCA), which establishes a harmonised regulatory framework for crypto-assets at EU level. The new rules aim to better protect consumers and investors and regulate risks by safeguards against financial crime and market manipulation. The regulation is set to contribute to financial […]
In the EU, 7% of employed people worked long hours (working usually 49 hours or more per week) in their main job in 2022, according to the last figures released by Eurostat. A higher rate of self-employed people worked long hours (30% of total self-employed people) compared with employees (4% of total employees). Furthermore, long […]
The Council has adopted (24 April 2023) new rules to combat pay discrimination and help close the gender pay gap in the EU. The new directive also includes provisions on compensation for victims of pay discrimination and penalties, including fines, for employers who break the rules. Under the pay transparency directive, EU companies will be […]
The European Commission has adopted (18 April 2022) a proposal to adjust and further strengthen the EU’s existing bank crisis management and deposit insurance (CMDI) framework, with a focus on medium-sized and smaller banks. The EU’s banking sector, which includes a strong crisis management framework, has become much more resilient in recent years. Financial institutions […]
The Council has today (19 April 2023) adopted its position (‘negotiating mandate’) on the proposed directive on multiple-vote share structures. The directive aims at encouraging owners of small- and medium-sized companies to list their shares for the first time on SME growth markets using multiple-vote share structures. This way they can retain sufficient control of […]
The European Commission adopted (29 March 2023) a proposal for a Directive making it easier for companies to expand the use of digital tools and processes in EU company law. The proposal aims to facilitate cross-border companies’ operations and to increase business transparency and trust by making more information about companies publicly available at EU […]
Interpretative Communication on Directive 2003/88/EC of the European Parliament and of the Council concerning certain aspects of the organisation of working time (2023/C 109/01) (Official Journal of the European Union 24 March 2023) This communication updates the 2017 Interpretative Communication on Directive 2003/88/EC of the European Parliament and of the Council concerning certain aspects of […]
The new digital identity framework would provide EU citizens with digital access to key public services across EU borders. Parliament on Thursday 16 March 2023 confirmed -with 418 votes to 103, with 24 abstentions- the negotiating mandate for talks with the EU member states on the revision of the new eID directive. The scheme would […]
Advocate General Ćapeta: an EU mobile worker’s mother can claim a social benefit without this calling into question her right of residence The principle of equal treatment does not allow such a relative to be considered an unreasonable burden on the social assistance system of the State of residence The case GV is a national […]
The NACE classification of economic activities in the European Community is used for a wide variety of European statistics in the economic, social, environmental, and agricultural domains. Since the last version of NACE Rev. 2 was published in 2006, the EU economy has evolved tremendously, leading to a need to update this classification. For the […]
Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.