Corporate weekly highlights—27 January 2017

Corporate weekly highlights—27 January 2017

Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 27 January 2017, which provide news updates and a comprehensive list of dates for your diary. This week’s edition features: the European Commission’s public consultation on the Capital Markets Union (CMU); the Supreme Court’s decision in R (on the application of Miller and another) v Secretary of State for Exiting the European Union where it was ruled that an Act of Parliament is required to authorise the triggering of Article 50 TEU by the UK government; two news analysis pieces concerning the landmark Brexit judgment; and news analysis of the government’s recent consultation on whether to reform the law on corporate liability for economic crime. 

Headlines (News updates & analysis)

Capital Markets Union

Commission seeks input on CMU progress and prospects

The European Commission has announced a public consultation ahead of its CMU mid-term review MTR in June 2017. The CMU is the EU-wide plan to strengthen capital markets and investment in the long term.

The Action Plan published in September 2015 sets out the priority actions needed to put in place the building blocks of a CMU by 2019. The Commission says that 15 initiatives outlined in the Action Plan have been completed, and that several more will belaunched in the coming months.

The Commission says the MTR will take stock of the progress on the implementation for the CMU Action Plan, update actions in the light of work undertaken so far and evolving market circumstances, and complement the CMU Action Plan with new measures that constitute an effective and proportionate response to key challenges.

The Commission says input from the consultation, together with findings from its 2015 Call for Evidence on the EU regulatory framework for financial services, will help it take stock of the already adopted measures, help it plan new measures, and feed into the MTR.

Evidence-based feedback and specific operational suggestions are sought by 17 March 2017.

Brexit

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