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American banks may find that Basel 1 will not be deemed equivalent within the EU after 2006, when the commission's promised directive is due to take effect.
The directive is due to come into force February 2018 and has been subject to considerable debate regarding interpretation and how the requirements may be fulfilled.
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The European Commission is revising its Water Framework Directive, which is due out next year.
On October 8th it is due to vote on a new tobacco-control directive.
It would now be "impossible" for Aberthaw to meet a stricter power plants NOx emissions limit of 200mg which is due to come into force next year under the industrial emissions directive, a commission spokesperson said.
On November 1st a new European rule called MiFID (Markets in Financial Instruments Directive) is due to be implemented.
Also, the over-arching EIA Directive is due to change as part of much wider European Commission proposals so we'd be surprised if EIA were in the firing line with those alterations still ongoing" Economic growth duty Luhde-Thompson: In the Deregulation Bill, the Government is proposing a new 'economic growth' duty for non-economic regulators – to apply to the Environment Agency among others.
While, a new tougher General Data Protection Directive is due to come into force in Europe next year — which may also have ramifications for the rules around authorizing transatlantic data flows.
Kroes is due to hold a press conference with Catherine Ashton, EU's High Representative for Foreign Affairs and Security Policy and Cecilia Malmstrom, Member of the EC in charge of Home Affairs, to present the strategy and directive.
Transport secretary Patrick McLoughlin has indicated that the contract will be re-tendered, and this will be under the auspices of updated EU procurement directives, which are due to come into force probably next year.
The European Commission estimated that the original plan would have boosted income by 1.8% and created 2.5m extra jobs (other estimates put the welfare and employment gains lower).In many ways, however, the directive (which the European Parliament was due to vote on as The Economist went to press) is a debilitated creature.
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