transparency

2024 Rule of Law Report: EU Strengthens Its Capacity to Address Challenges

The European Commission has released its fifth annual Rule of Law Report, which assesses significant developments and evaluates the rule of law situation across all EU member states. The report reveals that the EU is now significantly better equipped to identify, prevent, and tackle emerging challenges compared to five years ago. This advancement contributes to more robust European democracies, mutual trust within the EU, efficient functioning of the single market, and a competitive, sustainable business environment.

Progress and Ongoing Challenges

New MiCA Regulations Enhance Retail Investor Transparency

The European Securities and Markets Authority (ESMA), the EU’s financial markets overseer, has issued the second final report under the Markets in Crypto-Assets Regulation (MiCA). This report includes eight draft technical standards designed to boost transparency.

Targeted at retail investors, the second final report offers clear directives for service providers on disclosure, record-keeping, and data standards for oversight by National Competent Authorities (NCAs).