autres publications Normes d'encadrement Nouvelles diverses
Crowfunding : l’UE publie un staff working
Ivan Tchotourian 19 mai 2016
La Commission européenne vient de publier un document sur le financement participatif qui fait l’état des lieux des initiatives nationales : « COMMISSION STAFF WORKING DOCUMENT
– Crowdfunding in the EU Capital Markets Union » (SWD(2016) 154 final).
Voici la conclusion de ce document :
This report demonstrates that crowdfunding remains relatively small in the EU but is developing rapidly. It has the potential to be a key source of financing for SMEs over the long term.
Crowdfunding is one of many technological innovations that have the potential to transform the financial system. Therefore, crowdfunding warrants consideration as part of our broader approach to FinTech and the digitalisation of financial services, which is being looked at further in the Green Paper on Retail Financial Services.
As demonstrated in this report, to promote the growth of crowdfunding and appropriately protect investors, EU Member States have put in place a range of measures to regulate crowdfunding – either using the EU legislative framework where appropriate or via national regimes. These national frameworks are broadly consistent in terms of the objectives and outcomes they seek to achieve, but are tailored to local markets and domestic regulatory approaches.
Given the predominantly local nature of crowdfunding, there is no strong case for EU level policy intervention at this juncture. Crowdfunding is still relatively small and needs space to innovate and develop. Given the dynamism of crowdfunding and the potential for future cross border expansion, it will be important to monitor the development of the sector and the effectiveness, and degree of convergence of, national regulatory frameworks.
The Commission Services will therefore maintain regular dialogue, through twice yearly meetings, with the European Supervisory Authorities, Member States, and the crowdfunding sector to promote convergence, sharing of best practice and keep developments under review. We will assess the development of cross-border business and consider in particular the investor protection aspects. This will ensure the Commission is able to respond in a timely manner if further steps to support convergence of regulatory approaches are needed, both to promote the development of the sector and to ensure appropriate investor protection.
À la prochaine…
Ivan Tchotourian
autres publications normes de droit Nouvelles diverses responsabilisation à l'échelle internationale Structures juridiques
Évitement fiscal : réformes en vue !
Ivan Tchotourian 17 février 2016
Pierre Moscovici, le commissaire européen chargé des Affaires économiques et de la Fiscalité a présenté ce jeudi 28 janvier son paquet de mesures contre l’évasion fiscale des entreprises.
Celui-ci comprend 2 directives, une recommandation, une communication et une étude qui passe en revue les principaux instruments utilisés par les entreprises pour échapper à l’impôt.
Vous pourrez prendre des informations supplémentaires sur le site de Novethic : ici.
À la prochaine…
Ivan Tchotourian
autres publications Nouvelles diverses
Public consultation on long-term and sustainable investment
Ivan Tchotourian 21 décembre 2015
Bonjour à toutes et à tous, l’Union européenne vient de lancer une consultation intéressante : « Public consultation on long-term and sustainable investment ».
Fostering growth and investment is one of European Commission’s top priorities.
To maintain and extend its competitiveness, Europe needs significant new long-term and sustainable investment. These can also help achieve the EU’s policy objectives linked to the transition to low carbon and climate resilient economy and promote environmentally and socially sustainable wealth creation, including respect for fundamental rights.
The Communication on Long-Term Financing of the European Economy emphasized the importance of environmental, social, governance issues for the longer-term sustainable performance of companies and investors. The Action Plan on building a Capital Markets Union also reiterates the importance of ESG investments.
This consultation seeks to gather information on how institutional investors, asset managers and other service providers in the investment chain factor in sustainability (ESG) information and performance of companies or assets into investment decisions. The consultation will also gather information about possible obstacles to long-term, sustainable investment.
The results of this consultation will be used by the Commission to assess the state of play in this field. A feedback document outlining the overall results of the consultation will be made public.
Vous avez jusqu’au 25 mars 2016 pour répondre.
À la prochaine…
Ivan Tchotourian
autres publications Normes d'encadrement responsabilisation à l'échelle internationale
Corporate Social – Responsibility National Public Policies in the European Union – Compendium 2014
Ivan Tchotourian 2 novembre 2015
L’union européenne vient de publier un document de synthèse des initiatives réglementaires des États depuis 2011 dans le domaine de la RSE (ici).
This compendium is partly the result of seven peer reviews on corporate social responsibility (CSR) that took place in 2013 between EU Member State ministries. It provides an update on the actions taken by EU Member States since the publication of the 2011 Communication on CSR. Some of the most common approaches as well as good practices are highlighted in a series of thematic sections, relating to different parts of CSR policy. There is a substantial annex on initiatives taken Member State-by-Member State.
À la prochaine…
Ivan Tchotourian
