ANNEX to the COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE EUROPEAN COUNCIL, THE COUNCIL, THE EUROPEAN CENTRAL BANK, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Capital Markets Union: time for renewed efforts to deliver for investment, growth and a stronger role of the euro - Hoofdinhoud

Council of the European Union

Brussels, 29 November 2018 (OR. en)

14651/18 ADD 1

EF 309 ECOFIN 1145 JAI 1221 JUSTCIV 296 COMPET 826 EMPL 554 SOC 740 EJUSTICE 160 DRS 57 IA 399 CODEC 2139

COVER NOTE

From: Secretary-General of the European Commission, signed by Mr Jordi AYET PUIGARNAU, Director

date of receipt: 29 November 2018

To: Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union

No. Cion doc.: COM(2018) 767 final i

Subject: ANNEX to the COMMUNICATION FROM THE COMMISSION TO THE

EUROPEAN PARLIAMENT, THE EUROPEAN COUNCIL, THE COUNCIL,

THE EUROPEAN CENTRAL BANK, THE EUROPEAN ECONOMIC AND

SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Capital

Markets Union: time for renewed efforts to deliver for investment, growth

and a stronger role of the euro

Delegations will find attached document COM(2018) 767 final i.

Encl.: COM(2018) 767 final i EUROPEAN COMMISSION

Brussels, 28.11.2018 COM(2018) 767 final i

ANNEX 1

ANNEX

to the

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN

PARLIAMENT, THE EUROPEAN COUNCIL, THE COUNCIL, THE EUROPEAN CENTRAL BANK, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS

Capital Markets Union: time for renewed efforts to deliver for investment, growth and a stronger role of the euro

Legislative proposals Date European Council of Trilogues Parliament the

European Union

Adopted 1 Regulation (EU) Jun

2017/1129 of the 2017 European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market

2 Regulation (EU) Oct

2017/1991 of the 2017 European Parliament and of the Council of 25 October 2017 on European venture capital funds and European social entrepreneurship funds

3 Regulation (EU) Dec

2017/2402 of the 2017 European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation

Proposed

4 Proposal for a Directive Nov Negotiating Negotiating Trilogues of the European 2016 mandate mandate ongoing Parliament and of the obtained in obtained in since

Council on preventive September October 2018 October restructuring frameworks, 2018 2018 second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures

5 Proposal for a Regulation Jun Negotiating Negotiating Trilogues of the European 2017 mandate mandate ongoing Parliament and of the obtained in obtained in since

Council on a Pan September June 2018 October European Personal 2018 2018 Pension Product (PEPP)

6 Proposal for a Regulation Sep Not agreed yet Not agreed yet Not of the European 2017 started Parliament and of the

Council on amendments to the Regulations establishing the European Securities and Markets Authority (ESMA) and the other European Supervisory Authorities, including reinforced antimoney laundering rules proposed in Sep 2018, and associated acts

7 Proposal for a Regulation Dec Negotiating Not agreed yet Not of the European 2017 mandate started Parliament and of the obtained in

Council on the prudential September requirements for 2018 investment firms and Proposal for a Directive of the European Parliament and of the Council on the prudential supervision of investment firms

8 Proposal for a Regulation Mar Negotiating Not agreed yet Not of the European 2018 mandate started Parliament and of the obtained in

Council on European November 2018 crowdfunding service providers (ECSP) for business

9 Proposal for a Directive Mar Negotiating Negotiating Not of the European 2018 mandate mandate started Parliament and of the obtained in expected soon

Council on the issue of November 2018 covered bonds and covered bond public supervision and Proposal for a Regulation of the European Parliament and of the Council as regards exposures in the form of covered bonds

10 Proposal for a Directive Mar Negotiating Negotiating Not of the European 2018 mandate mandate started Parliament and of the expected soon obtained in

Council with regard to June 2018 cross-border distribution of collective investment funds and Proposal for a Regulation of the European Parliament and of the Council on facilitating cross-border distribution of collective investment funds

11 Proposal for a Regulation Mar Not agreed yet Not agreed yet Not of the European 2018 started Parliament and of the

Council on the law applicable to the thirdparty effects of assignments of claims

12 Proposal for a Regulation May Not agreed yet Not agreed yet Not of the European 2018 started Parliament and of the

Council on the promotion of the use of SME growth markets

13 Proposal for a Regulation June Negotiating Not agreed yet Not amending EMIR as 2017 mandate started regards the procedures obtained in

and authorities involved May 2018 for the authorisation of CCPs and requirements for the recognition of third-country CCPs (EMIR CCP Supervision)

Sustainable finance 14 Proposal for a Regulation May Not agreed yet Not agreed yet Not

of the European 2018 started Parliament and of the Council on the establishment of a framework to facilitate sustainable investment (taxonomy)

15 Proposal for a Regulation May Negotiating Not agreed yet Not of the European 2018 mandate started Parliament and of the obtained in

Council on disclosures November 2018 relating to sustainable investments and sustainability risks

16 Proposal for a Regulation May Not agreed yet Not agreed yet Not of the European 2018 started Parliament and of the

Council amending Regulation (EU) 2016/1011 on low carbon benchmarks and positive carbon impact benchmarks

Other important proposals related to CMU Proposal for a Regulation May Negotiating Negotiating Trilogues amending EMIR as 2017 mandate mandate ongoing regards the clearing obtained in obtained in since July obligation, the reporting June 2018 December 2018 requirements, the risk 2017 mitigation techniques for

uncleared OTC derivatives contracts, the requirements for trade repositories (EMIR REFIT) Proposal for a Regulation Nov Negotiating Not agreed yet Not of the European 2016 mandate started Parliament and of the obtained in Council on a framework January 2018 for the recovery and resolution of central counterparties Proposal for a Council Oct Approved as Not agreed yet Not Directive on a Common 2016 amended in applicable Consolidated Corporate March 2018 Tax Base (CCCTB)

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