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Commission Delegated Regulation (EU) 2025/1264 mandates stringent liquidity management for issuers of asset-referenced tokens (ARTs) and e-money tokens. Issuers must establish policies and procedures for identifying, measuring, and managing liquidity risk, ensuring they can meet redemption requests even in stress scenarios. Contingency plans, early warning signals, and regular stress testing are also required to mitigate liquidity risks. These policies must be separate for each token and distinct from other issuer activities.
Commission Implementing Regulation (EU) 2025/1985 corrects errors in anti-dumping and countervailing duties on optical fibre cables from India. It amends duty rates for specific companies that cooperated with the anti-dumping investigation but not the subsidy investigation, ensuring correct duty collection and refunds for overpayments.
Commission Implementing Regulation (EU) 2025/2009 adjusts import tariff rate quotas for products from Moldova, aligning with amendments to the EU-Moldova Association Agreement. It revises quantities for various tariff quotas in the fruit, vegetable, and wine sectors, and provides transitional provisions for ongoing quota periods.
Commission Implementing Regulation (EU) 2025/1905 grants Union authorisation for the biocidal product family ‘desmanol pure,’ setting conditions for its market placement and use within the EU for human hygiene purposes. The Annex details authorized uses, application methods, and safety measures, including target organisms, application rates, and risk mitigation measures.
Commission Implementing Regulation (EU) 2025/1977 authorises the biocidal product ‘Aqua-Clean’ for use within the EU, specifying conditions for market availability and use. The Annex details authorised uses, application methods, rates, and frequency, along with specific instructions for use and risk mitigation measures for various settings, including industrial, veterinary, and food/feed areas.
Commission Regulation (EU) 2025/1988 amends Annex XVII of the REACH Regulation, restricting the use of PFAS in firefighting foams. It prohibits placing on the market and using PFAS-containing foams above a specified concentration, with derogations for certain sectors and applications, including portable fire extinguishers and specific uses in high-risk establishments and vessels, subject to specific deadlines and conditions.
Commission Regulation (EU) 2025/1989 corrects errors in Regulation (EU) No 1408/2013, addressing inconsistencies in de minimis aid rules for the agriculture sector. It rectifies incorrect references, dates, and amounts, particularly regarding aid granted by the United Kingdom in respect of Northern Ireland, ensuring the correct and consistent application of the regulations.
This notice announces the provisional application of an agreement between the EU and Morocco, amending Protocols 1 and 4 to the Euro-Mediterranean Agreement. The provisional application began on October 3, 2025.
This agreement, through an Exchange of Letters, amends Protocols 1 and 4 to the Euro-Mediterranean Agreement between the EU and Morocco. It extends trade preferences to products originating in Western Sahara that are under Moroccan customs control. It also establishes a framework for applying rules of origin, customs controls, and product labeling for these products and introduces a Joint Declaration regarding products originating in Western Sahara, including requirements for product labeling.
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Review of each of legal acts published today:
Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens
This Commission Delegated Regulation (EU) 2025/1264 specifies the minimum contents of the liquidity management policy and procedures for issuers of asset-referenced tokens (ARTs) and e-money tokens. It ensures that these issuers maintain sufficient liquid assets to meet redemption requests from token holders, even under stress scenarios. The regulation emphasizes the importance of managing liquidity risk, monitoring reserve assets, and establishing contingency plans to address potential liquidity shortfalls. It aims to safeguard the stability of ARTs and e-money tokens by requiring issuers to implement robust liquidity management practices.
The Regulation consists of 6 articles.
* **Article 1** defines the scope of the regulation, specifying that it applies to issuers of significant asset-referenced tokens, electronic money institutions issuing significant e-money tokens, and, where required by competent authorities, issuers of non-significant asset-referenced tokens and electronic money institutions issuing non-significant e-money tokens.
* **Article 2** outlines the policies and procedures for identifying, measuring, and managing liquidity risk. It requires issuers to maintain adequate levels of reserve assets, monitor risks, and establish arrangements for sound management of intra-day liquidity risk.
* **Article 3** focuses on contingency policy and liquidity risk mitigation tools. It mandates the development of early warning signals, the implementation of liquidity risk mitigation tools, and the adjustment of strategies based on regular stress testing.
* **Article 4** emphasizes the segregation of liquidity management policies and procedures, requiring separate application for each asset-referenced token or e-money token and separation from other activities of the issuer.
* **Article 5** details the process and procedures for testing scenarios of liquidity stress, including the risks covered, parameters considered, and the use of historical data and assumptions.
* **Article 6** states that the Regulation will enter into force on the twentieth day following its publication in the Official Journal of the European Union.
The most important provisions for practical use are those concerning the establishment of robust liquidity management policies and procedures (Article 2), the development of contingency plans and early warning signals (Article 3), and the requirement to conduct regular stress testing (Article 5). These provisions ensure that issuers are well-prepared to manage liquidity risks and meet redemption requests, contributing to the overall stability and reliability of asset-referenced tokens and e-money tokens.
Commission Implementing Regulation (EU) 2025/1985 of 2 October 2025 correcting Implementing Regulation (EU) 2025/1135 imposing a definitive countervailing duty on imports of optical fibre cables originating in India and amending Implementing Regulation (EU) 2024/3014 imposing a definitive anti-dumping duty on imports of optical fibre cables originating in India
This Commission Implementing Regulation (EU) 2025/1985 addresses errors in previously established anti-dumping and countervailing duties on imports of optical fibre cables originating in India. It corrects duty rates applied to specific companies that cooperated with the anti-dumping investigation but not with the subsidy investigation. The regulation ensures that companies are not overcharged and instructs customs authorities to collect the correct duty amounts and refund any excess collected.
The regulation amends Implementing Regulation (EU) 2025/1135. Article 1 modifies Article 1(2) and Article 2 of the original regulation to reflect the corrected duty rates for specific companies. It also replaces the original annex with two new annexes (Annex I and Annex II) listing companies that cooperated in both anti-subsidy and anti-dumping investigations, and those that only cooperated in the anti-dumping investigation, respectively. Article 2 mandates the repayment or remission of any excess duties collected under the previous regulations (EU) 2024/3014 and (EU) 2025/1135, instructing parties to request this from national customs authorities.
The most important provision is Article 1, which specifies the corrected countervailing and anti-dumping duty rates for the listed Indian companies, as well as Annexes I and II, which list the companies that cooperated in the investigations and to which the corrected duty rates apply. Article 2, which ensures that companies are refunded if they have paid duties in excess, is also important. The regulation applies retroactively from 12 June 2025, the date of entry into force of the original Implementing Regulation (EU) 2025/1135.
Commission Implementing Regulation (EU) 2025/2009 of 2 October 2025 amending Implementing Regulation (EU) 2020/1988 as regards the quantities that may be imported under certain tariff quotas following the amendment of the Association Agreement between the European Union and Moldova
This Commission Implementing Regulation (EU) 2025/2009 amends Implementing Regulation (EU) 2020/1988 to adjust import tariff rate quotas for products from Moldova following amendments to the Association Agreement between the EU and Moldova. The regulation reflects decisions made by the EU-Moldova Association Committee in Trade Configuration, specifically regarding the reduction and elimination of customs duties. The changes aim to align EU regulations with the updated trade conditions stipulated in the amended Association Agreement.
The regulation consists of three articles and an annex. Article 1 stipulates that Annex I to Implementing Regulation (EU) 2020/1988 is amended in accordance with the Annex to this regulation. Article 2 outlines transitional provisions for the application of the new quotas, addressing how quantities are managed during the ongoing tariff quota period. Article 3 states the regulation’s entry into force and application date. The Annex details specific amendments to Annex I of Implementing Regulation (EU) 2020/1988, including the deletion of certain tariff quotas and the modification of quantities for others in the fruit, vegetable, and wine sectors.
The most important provisions for practical use are those in the Annex, which specify the revised quantities for the tariff rate quotas, and Article 2, which provides guidance on how to handle quotas that are already in progress when the regulation takes effect. Specifically, Article 2 addresses how to allocate quantities for the remainder of the tariff quota period and how operators can request the benefit of the revised tariff rate quotas, including the reimbursement of import duties already paid.
. This regulation directly impacts trade between the EU and Moldova, and is highly relevant for Ukrainian producers exporting similar goods to the EU market.
Commission Implementing Regulation (EU) 2025/1905 of 11 September 2025 granting a Union authorisation for the biocidal product family desmanol pure in accordance with Regulation (EU) No 528/2012 of the European Parliament and of the Council
This Commission Implementing Regulation (EU) 2025/1905 grants a Union authorisation for the biocidal product family named ‘desmanol pure’. It specifies the conditions for placing the product on the market and its use within the European Union. The authorisation is granted to Schülke & Mayr GmbH and is valid from 23 October 2025 to 30 September 2035. The regulation aims to ensure the safe and effective use of this biocidal product family for human hygiene purposes.
The regulation consists of two articles and an annex. Article 1 grants the Union authorisation to Schülke & Mayr GmbH for the biocidal product family ‘desmanol pure’ and specifies the authorisation number and validity period. Article 2 states that the regulation will enter into force twenty days after its publication in the Official Journal of the European Union and is binding in its entirety and directly applicable in all Member States. The annex contains the summary of the biocidal product characteristics for the ‘desmanol pure’ family, including administrative information, product composition, hazard and precautionary statements, authorized uses, and directions for use for different Meta SPCs (Specific Product Characteristics).
The key provisions of this regulation are those outlined in the Annex, which details the authorized uses, application methods, and safety measures for both professional and non-professional users. It specifies the target organisms (bacteria, yeasts, mycobacteria, and enveloped viruses), the required application rates and contact times, and the appropriate pack sizes and packaging materials. The regulation also includes specific instructions for use, risk mitigation measures, and first aid instructions.
Commission Implementing Regulation (EU) 2025/1977 of 1 October 2025 granting a Union authorisation for the single biocidal product Aqua-Clean in accordance with Regulation (EU) No 528/2012 of the European Parliament and of the Council
This is a description of Commission Implementing Regulation (EU) 2025/1977, which grants Union authorisation for the single biocidal product ‘Aqua-Clean’. The regulation specifies that Kanters Special Products B.V. is authorised to make ‘Aqua-Clean’ available on the market and use it within the EU, under the conditions outlined in the regulation’s annex. This authorisation is valid from 23 October 2025 to 30 September 2035. The regulation ensures that the biocidal product meets the necessary safety and efficacy standards for use within the European Union.
The structure of the act is straightforward, comprising a preamble that outlines the legal basis and the reasoning behind the decision, followed by two articles that grant the authorisation and specify the regulation’s entry into force. The annex provides a detailed summary of the biocidal product characteristics, including administrative information, product composition, hazard and precautionary statements, authorised uses, and general directions for use. There are no previous versions mentioned, so this appears to be the initial authorisation for ‘Aqua-Clean’ under Regulation (EU) No 528/2012.
The most important provisions for users are within the Annex, which details the authorised uses of Aqua-Clean, specifying product types (PT02, PT03, PT04), target organisms, fields of use, application methods, rates, and frequency. It also includes specific instructions for use and risk mitigation measures, such as required personal protective equipment (PPE) and ventilation conditions. These guidelines are crucial for ensuring the safe and effective application of the product in various settings, including industrial, veterinary, and food/feed areas.
Commission Regulation (EU) 2025/1988 of 2 October 2025 amending Annex XVII to Regulation (EC) No 1907/2006 of the European Parliament and of the Council as regards per- and polyfluoroalkyl substances in firefighting foams
Here’s a breakdown of the key aspects of Commission Regulation (EU) 2025/1988:
This regulation amends Annex XVII of the REACH Regulation (EC) No 1907/2006, focusing on restricting the use of per- and polyfluoroalkyl substances (PFAS) in firefighting foams. It aims to minimize the risks to human health and the environment posed by these substances due to their persistence and potential for contamination. The regulation introduces limitations on the placing on the market and use of PFAS in firefighting foams, with specific derogations and transitional periods for certain sectors and applications.
The regulation adds a new entry (82) to Annex XVII of REACH, which contains the restriction. It defines PFAS based on the OECD definition. The core of the regulation is a prohibition on placing on the market and using firefighting foams containing PFAS in concentrations equal to or greater than 1 mg/L, starting from October 23, 2030.
However, there are several derogations:
* Substances already restricted or prohibited under other regulations (PFOS, PFOA, PFHxS, C9-C14 PFCAs, and PFHxA under specific conditions) are excluded from the scope of the prohibition, although their amounts must be included when determining the total PFAS concentration.
* A temporary derogation allows a concentration of up to 50 mg/L for PFAS in fluorine-free firefighting foams originating from cleaned equipment (excluding portable fire extinguishers), subject to review by the Commission by October 23, 2030.
* Extended deadlines for placing on the market PFAS-containing firefighting foams are provided for portable fire extinguishers (October 23, 2026, or April 23, 2027, for alcohol-resistant foams) and for specific uses like establishments covered by Directive 2012/18/EU, offshore oil and gas installations, military vessels, and civilian ships (October 23, 2035).
* The regulation also provides derogations with deadlines for the use of PFAS-containing firefighting foams in training, testing, public fire services, and portable fire extinguishers.
The most important provisions for practical application are:
* **The general prohibition** on placing on the market and use of PFAS in firefighting foams above the specified concentration limit after the transitional periods.
* **The conditions for using PFAS-containing foams** during the transitional periods, including restrictions to class B fires, emission reduction measures, separate collection and adequate treatment of waste, and the establishment of PFAS management plans.
* **The labeling requirements** for firefighting foams and waste containing PFAS above the specified concentration.
* **The specific deadlines and conditions** for the derogations, as these determine the timeline for compliance for different sectors and applications.
Commission Regulation (EU) 2025/1989 of 2 October 2025 correcting Regulation (EU) No 1408/2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid in the agriculture sector
This Commission Regulation (EU) 2025/1989 serves to correct errors found in Regulation (EU) No 1408/2013, which concerns the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union (TFEU) to de minimis aid in the agriculture sector. The corrections address inaccuracies introduced by a previous amending regulation, Regulation (EU) 2024/3118, as well as other inconsistencies in references and language versions. The goal is to ensure the correct and consistent application of the de minimis aid rules across all Member States.
The regulation consists of two articles. Article 1 lists the specific corrections made to Regulation (EU) No 1408/2013, including rectifying incorrect references to other regulations, adjusting dates, and correcting amounts related to aid granted by the United Kingdom in respect of Northern Ireland. It also addresses errors in the Swedish and Greek language versions. Article 2 specifies the date of entry into force and application of the correcting regulation, ensuring that the corrections take effect retroactively from 16 December 2024, aligning with the entry into force of Regulation (EU) 2024/3118, which initially introduced some of the errors.
The most important provisions for users to note are the corrections to Article 7(3a) regarding the applicable date for individual de minimis aid and the adjustment to the maximum cumulative amount of de minimis aid granted by the United Kingdom in respect of Northern Ireland, as detailed in the Annex. Additionally, the corrected references in Articles 1(2) and 5(2) are crucial for ensuring the correct application of the regulation in conjunction with other relevant regulations concerning de minimis aid.
Notice concerning the provisional application of the Agreement between the European Union and the Kingdom of Morocco on the amendment of Protocols 1 and 4 to the Euro-Mediterranean Agreement establishing an association between the European Communities and their Member States, of the one part, and the Kingdom of Morocco, of the other part [2025/2042]
This notice concerns the provisional application of an agreement between the European Union and the Kingdom of Morocco. This agreement amends Protocols 1 and 4 to the existing Euro-Mediterranean Agreement, which establishes an association between the European Communities and their Member States and the Kingdom of Morocco. The provisional application of this amending agreement began on October 3, 2025.
The notice itself is very brief and does not detail the structure or specific provisions of the amending agreement. It simply announces the date on which the agreement will be provisionally applied. To understand the changes brought about by this agreement, one would need to consult the full text of the “Agreement between the European Union and the Kingdom of Morocco on the amendment of Protocols 1 and 4 to the Euro-Mediterranean Agreement.”
The most important aspect of this notice is the date of provisional application, October 3, 2025. This means that as of this date, the amended protocols are in effect between the EU and Morocco, even before the full ratification process is complete. Businesses and individuals involved in trade or other activities covered by the Euro-Mediterranean Agreement should be aware of these changes.
Agreement in the form of an Exchange of Letters between the European Union and the Kingdom of Morocco on the amendment of Protocols 1 and 4 to the Euro-Mediterranean Agreement establishing an association between the European Communities and their Member States, of the one part, and the Kingdom of Morocco, of the other part
This is an agreement in the form of an Exchange of Letters between the European Union and the Kingdom of Morocco, which amends Protocols 1 and 4 to the Euro-Mediterranean Agreement. The agreement aims to extend trade preferences to products originating in Western Sahara that are under the control of Moroccan customs authorities. It also establishes a framework for applying rules of origin, customs controls, and product labeling for these products. The agreement includes provisions for information exchange to assess its impact, particularly on sustainable development and the exploitation of natural resources.
The agreement consists of an exchange of letters between the EU and Morocco, each acknowledging and agreeing to the terms outlined in the other’s letter. The core of the agreement is a Joint Declaration that will be inserted after Protocol 4 of the original Euro-Mediterranean Agreement. This declaration outlines how products originating in Western Sahara will be treated in terms of trade preferences, rules of origin, customs controls, and product labeling. The agreement also includes a declaration by the EU regarding funding for key sectors in the region, increased humanitarian aid, and support for programs in education, culture, and skills. It replaces the Agreement from 2018.
Several provisions of this agreement are particularly important. First, the extension of trade preferences to products from Western Sahara is a key element. Second, the agreement on product labeling, specifically requiring products of the fruit and vegetables sector to indicate their place of origin, is significant for consumers and producers. Finally, the commitment to exchange information at least once a year to assess the impact of the Agreement, particularly on sustainable development, is crucial for monitoring its long-term effects.
