| Author (Corporate) | Council of the European Union, European Parliament |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 153, Pages 1-47 |
| Publication Date | 03/05/2021 |
| Content Type | Blog & Commentary, Legislation, Policy-making |
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Summary: Regulation (EU) 2021/690 - formally signed by the co-legislators on 28 April 2021 - establishing its so-called Single Market Programme (SMP) for the period 2021-2027. This is a text with EEA relevance. Further information: The SMP brings together activities financed under six predecessor programmes in the areas of competitiveness of enterprises, protection of consumers and end-users, including in financial services, financial reporting and auditing standards, the food chain and the European statistics as well as financed previously directly under the Union's budget such as the European standardisation and market surveillance. It also includes activities previously funded directly under the internal market and other related budget lines the Union budget, such as European standardisation and market surveillance and the implementation and development of the internal market for financial services, as well as new actions aiming to improve the functioning of the internal market, such as the enforcement of Union competition rules. The Regulation repeals Regulation (EU) No 99/2013, Regulation (EU) No 1287/2013, Regulation (EU) No 254/2014, Regulation (EU) No 258/2014, Regulation (EU) No 652/2014 and Regulation (EU) 2017/826. The draft law was tabled by the European Commission on 7 June 2018, in the framework of proposals concerning the Multiannual Financial Framework (MFF) for the period 2021-2027. The Council of the European Union adopted a partial general approach on 29 November, followed by the European Parliament on 12 February 2019. The positions did not cover financial provisions, subject to wider political negotiations. The Commission adopted revamped proposals on the MFF 2021-2027 in May 2020. Following the overall deal on the financial provisions for the MFF, an informal agreement between the co-legislators on a compromise text was announced on 8 December 2020. It was endorsed by the Council on 18 December, followed by the Parliament on 28 April 2021. It was formally signed by the co-legislators on that same day and published in the Official Journal on 3 May 2021. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/reg/2021/690/oj |
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Industrial Policy, Multiannual Financial Framework [MFF], Single Market, Small and Medium-sized Enterprises [SMEs] |
| Keywords | MFF 2021-2027 |
| International Organisations | European Union [EU] |
