
Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012 on Energy Efficiency
Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012 on energy efficiency establishes a common framework to promote energy efficiency within the European Union. The…

The Taxation of Green Funds: Incentives and Disincentives
In recent years, the rise of green funds has generated renewed interest among investors, who seek not only profitability but also to contribute to sustainability and environmental protection. Green funds,…

Frequently Asked Questions about the Energy Efficiency Directive
The primary objective of the Directive is to create a framework for promoting energy efficiency within the European Union. It aims to eliminate market barriers and overcome deficiencies that hinder…

Over-the-Counter Derivatives
The Regulation on European Market Infrastructure (EMIR) sets out the rules relating to over-the-counter (OTC) derivative contracts, central counterparties (CCPs), and trade repositories, in accordance with the agreements of the…

Cultural Compliance: How to Build a Compliance Culture from Within
In today’s complex business environment, compliance is no longer a mere legal formality, but a fundamental pillar for the sustainability and success of any organization. Beyond the implementation of policies…

EMIR: A Regulatory Framework for OTC Derivatives
The European Market Infrastructure Regulation (EMIR) is a cornerstone of the European Union's financial legislation, designed to enhance transparency and stability in the over-the-counter (OTC) derivatives market. This regulation, conceived…

The Liability of Green Fund Managers: An In-Depth Analysis.
In a world increasingly aware of environmental and social challenges, green funds have emerged as an attractive investment tool. These financial vehicles promise to generate returns while investing in companies…

Legal and Financial Analysis of Central Counterparty Entities (CCPs)
1. Legal and Operational Structure of CCPs Central Counterparty Entities (CCPs) exhibit a complex legal and operational structure designed to ensure the stability and efficiency of the derivatives market. Broadly, their functioning is based on the following pillars: Legal Nature: CCPs are typically independent legal entities with their own…

The Listing Act and the Prospectus Regulation: A Potent Mix to Revitalize European Capital Markets or an Overly Diluted Formula?
The Prospectus Regulation, along with its Delegated Regulations, marked a significant advancement in the harmonization and simplification of the information regime preceding the public offering of securities.

DORA and ICT Incident Notification: A Digital Big Brother for Banking?
The entry into force of DORA (Regulation (EU) 2022/2554) has marked a turning point in the regulatory landscape of cybersecurity in the financial sector. This new legal framework, designed to…
