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Jones Day

ECHA Publishes Updated PFAS REACH Restriction Proposal

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On August 20, 2025, the European Chemicals Agency (“ECHA”) published the updated REACH PFAS Restriction Proposal....more

Orrick, Herrington & Sutcliffe LLP

Downstream Modification of GPAIMs: Implications Under the EU AI Act

When a downstream actor modifies or fine-tunes a general-purpose AI model (GPAIM), who bears the burden of complying with the EU AI Act — the original provider, the modifier or both? ...more

Hogan Lovells

A new era for European Works Councils – what employers must do now

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In this landmark matter, decided by the Rotterdam District Court in late 2018, the question was whether national and EWC consultation procedures must follow a strict sequence, or may proceed in parallel....more

Cooley LLP

PaaS, IaaS or SaaS – Be Aware: New Switching Rules Will Become Applicable in EU

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Key takeaways for cloud, SaaS, edge and other digital service providers - Introduction - On September 12, 2025, sweeping new rules under the EU Data Act (Regulation (EU) 2023/2854) will become applicable, introducing...more

A&O Shearman

Time for a Reset? European Commission Launches Review of Foreign Subsidies Regulation

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The European Commission (EC) has launched its much-anticipated first review of the Foreign Subsidies Regulation (FSR)....more

K&L Gates LLP

Brussels Regulatory Brief: July and August 2025

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Antitrust and Competition - The General Court of the European Union Upholds the European Commission’s Decision to Assess Boissons Heintz/Brasserie Nationale Acquisition Under Article 22 of the EU Merger Regulation - On 2 July...more

Jones Day

Reform of the EU Securitisation Framework—Part 8: Changes to Certain STS Requirements

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On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more

Bergeson & Campbell, P.C.

EC Publishes Summary Report on Public Consultation for EU Bioeconomy Strategy

The European Commission (EC) has published a report summarizing comments received during the public consultation for the initiative “Towards a circular, regenerative and competitive bioeconomy.” As reported in our April 1,...more

A&O Shearman

Prospectus Regime Changes in the EU and UK—A Debt Capital Markets Update

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The EU and UK prospectus regimes govern disclosure requirements for securities offered to the public and/or admitted to trading on a regulated market. Recent and forthcoming changes to these regimes have implications for...more

McDermott Will & Schulte

A step towards CSRD implementation in Germany: The new draft bill of 10 July 2025

On 10 July 2025, the Federal Ministry of Justice presented a revised draft bill for the implementation of Directive (EU) 2022/2464 (Corporate Sustainability Reporting Directive – “CSRD”) as amended by Directive (EU) 2025/794...more

A&O Shearman

EC Publishes Draft Acts Revising REMIT IR and Introducing New Rules for IIPs and RRMS

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The European Commission (EC) has published two draft regulations which aim to modernise and reinforce the transparency and integrity of the EU's wholesale energy markets under Regulation (EU) No 1227/2011 on Wholesale Energy...more

A&O Shearman

Amending Draft EU ITS on Benchmarking of Internal Models

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The European Banking Authority (EBA) has published its final draft implementing technical standards (ITS), amending the Implementing Regulation on the benchmarking of credit and market risk for the 2026 exercise. The EBA...more

Ropes & Gray LLP

US and EU Agree on Trade Framework Agreement – Implications for ESG/CSR Compliance

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On August 21, the US and EU announced that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade. The Framework Agreement expands upon earlier official statements on the US-EU trade deal and...more

Haynes Boone

EBA Clarifies Conditional Sale Agreements Cannot Confer Originator Status Under EUSR

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Overview On Aug. 8, 2025, the European Banking Authority (“EBA”) published a response to a 2021 query concerning whether an entity that manages or establishes a securitisation could qualify as an “originator” (and thereby be...more

White & Case LLP

European Defence Bonds – Can Capital Markets Fund Europe’s Security?

White & Case LLP on

The European Commission unveiled new measures to help Member States ramp up defence spending by 2030 among mounting concerns about Europe's security. The proposals reflect a renewed push to coordinate spending and provide...more

A&O Shearman

EBA Publishes New Q&A in Relation to the Securitisation Regulation

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The European Banking Authority (EBA) published single rulebook Q&A relating to the Securitisation Regulation. The answers to the questions were given by the European Commission. The Q&A cover...more

A&O Shearman

Technical Standards Supplementing the Capital Requirements Directive Regarding the Functioning of Colleges of Supervisors

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Commission Delegated Regulation 2025/791 and Commission Implementing Regulation 2025/790, with regard to the functioning of colleges of supervisors referred to in Articles 116 and 51(3) of Directive 2013/36 (CRD IV) have been...more

Ropes & Gray LLP

Ropes & Gray CSRD Transposition Tracker - Updated 8.20.25

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Reporting obligations under the European Union’s Corporate Sustainability Reporting Directive are created under EU member state national legislation adopted pursuant to the CSRD. We have again updated our tracker to reflect...more

Sheppard Mullin Richter & Hampton LLP

“Lost in Transposition” – Commission Targets 18 Member States Over Sanctions Enforcement Gaps

On July 24, 2025, the European Commission opened infringement procedures against 18 Member States for failing to fully transpose Directive (EU) 2024/1226 by the May 20, 2025 deadline....more

Bergeson & Campbell, P.C.

The Hidden Risk of Diminished Environmental Data: Could the United States Lose Its “Low-Risk” Status under the EUDR?

The European Union Deforestation Regulation (EUDR), in force since January 1, 2024, mandates that “relevant commodities” linked to deforestation — including cattle, cocoa, coffee, oil palm, rubber, soya, and wood — must not...more

Jones Day

Reform of the EU Securitisation Framework—Part 5: Amendments to the Due Diligence and Risk Retention Regime

Jones Day on

On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more

WilmerHale

AI and the EU Digital Markets Act

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The European Union’s Digital Markets Act’s (DMA) stated aim is to complement European Union competition rules to ensure contestable and fair markets in the digital sector by imposing specific obligations on “gatekeepers”. ...more

Orrick, Herrington & Sutcliffe LLP

AI Law Center: August 2025 Updates

In this month's update: AI Regulatory Landscape: Three Things To Know How will Trump’s “AI Action Plan” and Executive Orders impact U.S. tech and federal procurement? Which companies are subject to “general-purpose” AI...more

A&O Shearman

ESAs update SFDR Q&As

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The European Supervisory Authorities—the European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—have published an updated version of their...more

A&O Shearman

EBA publishes final RTS for operational risk loss under CRR3

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The European Banking Authority (EBA) has published a final report containing three final draft regulatory technical standards (RTS) aimed at standardising the collection and recording of operational risk losses under the...more

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