Directive (EU) 2024/2808

What it is

PURPOSE: to amend Directive 2014/62/EU with a view to streamlining certain reporting requirements. PROPOSED ACT: Decision of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: reporting requirements play a key role in ensuring proper monitoring and correct enforcement of legislation. Reporting requirements can however also impose disproportionate burdens on stakeholders, particularly affecting SMEs and micro-companies, also given organisational and technological developments that call for original reporting requirements to be adjusted. Their cumulation over time can result in redundant, duplicating or obsolete obligations, inefficient frequency and timing, or inadequate methods of collection. The European Parliament adopted by 602 votes to 3, with 2 abstentions, a legislative resolution on the proposal for a decision of the European Parliament and of the Council amending Directive 2014/62/EU as regards certain reporting requirements. The European Parliament adopted its position at first reading under the ordinary legislative procedure. This proposal for a Decision to amend Directive 2014/62/EU on the protection of the euro is part of a package of proposals adopted by the Commission that seek to rationalise and simplify reporting requirements on companies and public administrations. In this specific case, the Commission proposes to abolish the obligation imposed by Article 11 of Directive 2014/62/EU on the competent authorities of the Member States to transmit to the Commission statistical data on the number of counterfeiting offences and on the number of persons prosecuted and convicted for such offences. Parliament supports this proposal but calls for the proposal for a decision to be converted into a proposal for a directive of the European Parliament and of the Council. It stressed that the directive should be based on a careful assessment of the particular circumstances of this legal instrument and limited to this area of crime. It is without prejudice to the need to ensure appropriate levels of reporting obligations in the field of EU criminal law. Since the targeted amendment of that Directive solely concerns a deletion of a reporting obligation, there is no specific need for the Member States to transpose the amendment.

Official title: Directive (EU) 2024/2808 of the European Parliament and of the Council of 23 October 2024 amending Directive 2014/62/EU as regards certain reporting requirements