The Commission has published a table with the legislative and non-legislative acts it expects to adopt during the second half of 2012. These include:

  • AIFMD implementing Level 2 measures in September;
  • a proposal for a Directive on money laundering and terrorist financing, updating the third Money Laundering Directive (MLD3), by 7 November;
  • a proposal for a Regulation on information on the payer and the beneficiary accompanying transfers of funds, also by 7 November;
  • a Bank Accounts legislative package, aimed at increasing the transparency and comparability of bank account fees, and making bank account switching easier for consumers, in November;
  • implementing measures for Solvency 2 in November; and
  • a Securities Law Regulation, harmonising the legislation on book-entry securities, in December.

The Commission will also produce reports on:

  • the revision of the Payment Services Directive;
  • the revision of the Financial Conglomerates Directive;
  • the application of the Directive on acquisitions and increase of holdings in the financial sector; and
  • the application of the Capital Requirements Directive to microcredit finance businesses. 

(Source: Commission’s Expected Actions H2 2012)