MEMO/14/312  16-04-2014 - Regulation on securities settlement and on Central Securities Depositories in the EU (‘CSD Regulation’) – Frequently Asked Questions 
European Commission - European Commission MEMO Brussels, 16 April 2014 See also STATEMENT/14/130 1. What does the CSD Regulation address? The CSD Regulation aims to harmonise both the timing and conduct of securities settlement in Europe and the rules governing Central Securities Depositories (CSDs) which operate the infrastructures enabling settlement.
MEMO/14/293  16-04-2014 - April infringements package: main decisions 
European Commission - European Commission MEMO Brussels, 16 April 2014 April April In its monthly package of infringement decisions, the European Commission is pursuing legal action against Member States for failing to comply properly with their obligations under EU law.
MEMO/14/305  15-04-2014 - Markets in Financial Instruments Directive (MiFID II): Frequently Asked Questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 See also STATEMENT/14/129 A. Background, main elements and costs/benefits of the reform 1. What is MiFID and why was it reviewed only four years after its entry into force? MiFID is the Markets in Financial Instruments Directive (Directive 2004/39/EC1).
MEMO/14/301  15-04-2014 - Disclosure of non-financial and diversity information by large companies and groups - Frequently asked questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 See also STATEMENT/14/124 1. What will change? What information will be disclosed and how? Current EU legislation, in particular Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, addresses the disclosure of non-financial information.
MEMO/14/300  15-04-2014 - Directive on Payment Accounts - Frequently Asked Questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 See also STATEMENT/14/123 1. What does the Directive on Payment Accounts1 include? The Directive concerns three areas: Access to payment accounts: these provisions provide all EU consumers, without being residents of the country where the credit institution is located and irrespective of their...
MEMO/14/299  15-04-2014 - Key Information Documents (KIDs) for packaged retail investment and insurance products - Frequently asked questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 See also STATEMENT/14/122 1. What are Packaged Retail Investment and Insurance Products (PRIIPs)? PRIIPs are at the core of the retail investment market. They cover a range of investment products that are marketed to retail investors which, taken together, make up a market...
MEMO/14/298  15-04-2014 - Undertakings for collective investment in transferable securities – amended Directive (UCITS V): Frequently asked questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 See also STATEMENT/14/121 1. What is a UCITS fund? Investment funds are specially constituted investment vehicles, created with the sole purpose of gathering assets from investors, and investing those assets in a diversified pool of assets.
MEMO/14/297  15-04-2014 - EU Bank Recovery and Resolution Directive (BRRD): Frequently Asked Questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 I. CONTEXT What is bank resolution? Resolution occurs at the point when the authorities determine that a bank is failing or likely to fail, that there is no other private sector intervention that can restore the institution back to viability within a short...
MEMO/14/296  15-04-2014 - Deposit Guarantee Schemes – Frequently Asked Questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 Why was the revision of the Directive on Deposit Guarantee Schemes necessary? The original Directive on Deposit Guarantee Schemes (DGS) – adopted in 1994 – was not changed substantially for about 15 years although financial markets had significantly changed during that period of...
MEMO/14/295  15-04-2014 - A Single Resolution Mechanism for the Banking Union – frequently asked questions 
European Commission - European Commission MEMO Brussels, 15 April 2014 1. Why a Single Resolution Mechanism in addition to the Bank Recovery and Resolution Directive? The Directive on Bank Recovery and Resolution (BRRD) (see IP/12/570 and MEMO/14/297) determines the rules for how EU banks in difficulties are restructured, how vital functions for the...