- December 21, 2020
- Category: Uncategorized
We are very pleased to be working during the following six months on an evaluation study for DG JUST, assessing the adequacy of the information banks and investment firms need to report upon annually. The country-by-country reporting obligation for these institutions is laid down in Article 89 (1) of the Capital Requirements Directive and aims to increase transparency regarding the activities of these institutions, which is essential for regaining the trust of the citizens of the Union in the financial sector. Through desk research, legal mapping, stakeholder interviews and an online survey, Milieu together with CEPS will evaluate the adequacy of the current disclosure requirements and propose, if relevant and possible, broad recommendations for the inadequacies identified.