| Author (Corporate) | Council of the European Union, European Parliament |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | (L) 2024/2808 |
| Publication Date | 04/11/2024 |
| Content Type | Legislation, Policy-making |
Summary:Directive (EU) 2024/2808 - adopted by the co-legislators on 23 October 2024 - introducing amendments to Directive 2014/62/EU as regards certain reporting requirements. Further information:In its Communication on Long-term competitiveness in the EU (2023), the European Commission stressed the importance of a regulatory system that ensures that objectives are reached at minimum costs. It therefore committed to a fresh push to rationalise and simplify reporting requirements to reduce the burden without undermining related policy aims. Reporting requirements are essential in ensuring correct enforcement and proper monitoring of legislation. Their costs are largely offset by the benefit they bring. However, they can also impose disproportionate burdens on stakeholders, particularly affecting SMEs and micr0-companies. Organisational and technological developments also call for original requirements to be adjusted. This Directive seeks to rationalise reporting obligations within the Economic and Monetary Union (EMU) by abolishing the obligation for Member States' authorities to transmit statistical data to the Commission on the number of counterfeiting offences and on the number of persons prosecuted and convicted of the counterfeiting offences, as originally required by Directive 2014/62/EU. A draft Decision was adopted by the European Commission on 17 October 2023. The plenary of the European Parliament endorsed the text on 23 April 2024. The Council of the European Union adopted the text for a proposed Directive on 10 October. The Act was signed by the co-legislators on 23 October 2024 and published in the Official Journal on 4 November 2024. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/dir/2024/2808/oj |
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| Subject Categories | Economic and Financial Affairs, Justice and Home Affairs, Law |
| Subject Tags | Criminal Law, Economic and Monetary Union [EMU] |
| Keywords | Euro | Single Currency |
| International Organisations | European Union [EU] |
