Commission Delegated Directive (EU) 2025/1801
This Directive updates the rules for roadside checks on the transport of dangerous goods by road. It revises the checklist used during inspections to ensure alignment with the latest international standards (ADR). The Directive also updates how infringements are classified based on risk levels to ensure consistent enforcement.
Commission Delegated Regulation (EU) 2025/1311
This Regulation specifies how credit institutions should assess the significance of changes to their internal models used for calculating market risk capital requirements. It sets out criteria for determining when changes to these models or to the modellable risk factors require prior approval from regulators versus when notification is sufficient. The goal is to ensure proper risk management by institutions and effective oversight by supervisors.
Commission Delegated Regulation (EU) 2025/1265
This Regulation defines how credit institutions should identify the main risk driver of a financial position and determine whether a transaction is considered ‘long’ or ‘short’. These determinations are essential for calculating capital requirements for market and counterparty credit risks, particularly for smaller institutions using simplified methods. The aim is to simplify these calculations while maintaining regulatory compliance.
Commission Implementing Regulation (EU) 2025/2085
This Regulation modifies the list of countries authorized to export poultry, poultry products, and fresh meat to the EU. It adjusts the authorized zones within Canada, the United Kingdom, and the United States due to recent outbreaks of avian influenza. The changes reflect the latest animal health situation and control measures.
Commission Implementing Regulation (EU) 2025/2070
This Regulation corrects errors in the Bulgarian, Czech, German, Hungarian, Lithuanian, Maltese, and Slovak language versions of Annex IV to Regulation (EU) No 1321/2014. These corrections affect the organizational requirements for conducting examinations related to aircraft airworthiness.
Commission Implementing Regulation (EU) 2025/2061
This Regulation provides emergency financial support to farmers in Bulgaria, Latvia, Lithuania, Hungary, Poland, and Romania affected by adverse weather events in spring and summer 2025. The support aims to compensate for economic losses and ensure the viability of farms, particularly in sectors like fruits, vegetables, and seed production.
Commission Implementing Regulation (EU) 2025/2043
This Regulation establishes rules for Member States to submit evidence about the impact of climate change on organic soils. It sets out the framework for Member States to access compensation for excess greenhouse gas emissions and diminishing removals, contingent on identifying affected areas and demonstrating actions to improve climate performance.
Commission Implementing Regulation (EU) 2025/2045
This Regulation corrects an error in the Slovak language version of Implementing Regulation (EU) 2019/317. The error affects the meaning of a provision related to the performance and charging scheme within the Single European Sky framework.
Commission Implementing Regulation (EU) 2025/2046
This Regulation amends the authorization of the feed additive canthaxanthin. It approves a new production method using fermentation with Yarrowia lipolytica, ensuring that the canthaxanthin produced via this method meets safety and efficacy standards for use in poultry, ornamental fish, and birds.
Regulation (EU) 2025/2077
This Regulation amends Regulation (EU) No 1026/2012 to improve the conservation of fish stocks. It refines the definition of “failure to cooperate” and clarifies the criteria for identifying countries allowing non-sustainable fishing practices. The changes aim to ensure better alignment with international law and promote sustainable fisheries management.
Regulation (EU) 2025/2075
This Regulation amends Regulation (EU) No 909/2014 to shorten the settlement cycle for transactions in transferable securities within the EU. It mandates a T+1 settlement cycle (one business day after the trade day) for most transactions to reduce risks, align with global practices, and enhance the competitiveness of EU capital markets.
Review of each of legal acts published today:
Commission Delegated Directive (EU) 2025/1801 of 23 June 2025 adapting to scientific and technical progress Annexes I and II to Directive (EU) 2022/1999 of the European Parliament and of the Council on uniform procedures for checks on the transport of dangerous goods by road
This is a description of Commission Delegated Directive (EU) 2025/1801.
**Essence of the Act:**
The Directive updates Annexes I and II of Directive (EU) 2022/1999, which concerns uniform procedures for checks on the transport of dangerous goods by road. These updates are necessary to align the EU legislation with the latest amendments to the Agreement concerning the International Carriage of Dangerous Goods by Road (ADR). The changes primarily affect the checklist used for roadside inspections and the classification of infringements based on risk levels.
**Structure and Main Provisions:**
* **Article 1:** Replaces Annexes I and II of Directive (EU) 2022/1999 with the new text provided in the Annex to this Directive.
* **Article 2:** Requires Member States to transpose the Directive into national law by June 23, 2026, and to apply these provisions from June 24, 2026. It also mandates that Member States inform the Commission of the relevant national laws they adopt.
* **Article 3:** States that the Directive will come into force twenty days after its publication in the Official Journal of the European Union.
* **Article 4:** Addresses the Directive to the Member States.
* **Annex I:** Provides an updated checklist for roadside checks, aligning it with the current ADR standards. This checklist includes references to specific ADR provisions and identifies participants in the transport chain who may be liable for infringements. It also includes a field to indicate the risk category of the recorded infringement.
* **Annex II:** Updates the classification of infringements based on risk levels (Category I, II, and III), providing a non-exhaustive list of examples for each category. This classification is crucial for determining the appropriate corrective measures and for reporting purposes.
**Main Provisions Important for Use:**
1. **Updated Checklist (Annex I):** The revised checklist is essential for authorities conducting roadside checks. It ensures that inspections are aligned with the latest ADR requirements, covering aspects such as vehicle documentation, equipment, packaging, labeling, and compliance with specific transport conditions.
2. **Revised Risk Categories (Annex II):** The updated classification of infringements into risk categories (I, II, and III) helps enforcers determine the severity of violations and apply appropriate corrective measures. It also ensures consistency with Commission Regulation (EU) 2016/403 regarding the impact of infringements on the good repute of transport operators.
Commission Delegated Regulation (EU) 2025/1311 of 3 July 2025 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the conditions for assessing the materiality of extensions of, and changes to, the use of alternative internal models, and changes to the subset of the modellable risk factors
This is a description of the Commission Delegated Regulation (EU) 2025/1311.
This regulation supplements Regulation (EU) No 575/2013, also known as the Capital Requirements Regulation (CRR), by setting out regulatory technical standards (RTS) for assessing the materiality of changes to alternative internal models (AIMs) used by credit institutions to calculate their capital requirements for market risk. It also addresses changes to the subset of modellable risk factors within these models. The regulation aims to provide clarity on when changes to these models or risk factors require prior permission from competent authorities versus when they only require notification. This ensures that institutions appropriately manage their market risk and that supervisors can effectively oversee these models.
The Regulation is structured into three chapters and an annex:
* **Chapter 1**: Focuses on the conditions for assessing the materiality of extensions and changes to the use of alternative internal models. It defines categories of extensions and changes, distinguishing between those requiring permission and those requiring notification. It also specifies criteria for classifying changes as material or non-material, including both qualitative and quantitative thresholds.
* **Chapter 2**: Addresses the conditions for assessing the materiality of changes to the institution’s choice of the subset of modellable risk factors. Similar to Chapter 1, it categorizes changes and sets out criteria for determining materiality.
* **Chapter 3**: Contains general provisions applicable to both types of changes, including principles for classification, implementation of changes, and documentation requirements.
* **Annex**: Provides qualitative criteria for classifying extensions and changes as either material (requiring permission) or non-material (requiring notification with additional information).
The main provisions of the act are:
* **Categorization of Changes**: The regulation establishes a framework for categorizing changes to AIMs and modellable risk factors as either material (requiring prior permission) or non-material (requiring notification). Non-material changes are further divided into those requiring additional information and those requiring only basic information.
* **Materiality Criteria**: It defines specific qualitative and quantitative criteria for determining whether a change is material. Quantitative criteria involve assessing the impact of changes on risk numbers, such as Expected Shortfall (ES) and Stress Scenario (SS), and on the overall capital requirements.
* **Notification Requirements**: The regulation specifies the information that institutions must provide to their competent authorities when notifying them of non-material changes. A standard notification period of four weeks before implementation is set for non-material changes.
* **Assessment Period**: It establishes a 15-day observation period for calculating the quantitative impact of changes, with specific rules for determining the start and representativeness of this period.
* **Documentation**: The regulation outlines the documentation that institutions must provide when seeking permission for material changes or notifying authorities of non-material changes. This includes descriptions of the changes, their rationale, implementation dates, and quantitative impact assessments.
* **Principles for Classification**: It provides principles for classifying changes, including the consideration of multiple related modifications as a single change and the ability for competent authorities to change the category assigned by the institution.
The main provisions of the act that may be the most important for its use:
* **Article 2 and 5**: These articles provide the quantitative thresholds for determining materiality, which are critical for institutions in assessing whether a change requires permission or just notification. The specific percentages related to risk numbers and capital requirements are key reference points.
* **Article 9**: This article details the documentation requirements for both material and non-material changes. Compliance with these requirements is essential for institutions to ensure their submissions are complete and will be processed efficiently by competent authorities.
* **Annex**: The qualitative criteria listed in the annex provide additional guidance for classifying changes, particularly in cases where the quantitative impact is difficult to assess. Institutions need to carefully consider these criteria to ensure accurate classification.
Commission Delegated Regulation (EU) 2025/1265 of 1 July 2025 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the method for identifying the main risk driver of a position and for determining whether a transaction represents a long or a short position as referred to in Articles 94(3), 273a(3) and 325a(2)
This Commission Delegated Regulation (EU) 2025/1265 provides regulatory technical standards (RTS) for credit institutions regarding the identification of the main risk driver of a position and the determination of whether a transaction represents a long or short position. These determinations are crucial for calculating own funds requirements for market and counterparty credit risks, particularly for smaller, non-complex institutions using simplified methods. The regulation aims to ensure a proportionate approach to these calculations, aligning the complexity of the method with the institution’s sophistication.
The Regulation is structured around defining methods for identifying main risk drivers and determining long or short positions for both non-derivative and derivative positions. It includes a general method based on delta risk sensitivities and a simplified method for smaller institutions or simpler instruments. The act consists of 7 articles and an annex. Articles 1-3 are dedicated to non-derivative positions, while Articles 4-6 are dedicated to derivative positions. Article 7 defines the entry into force. The Annex contains two tables that are used for bonds which consist in fixed-rate debt instruments without optionality features.
The most important provisions of this regulation are those outlining the simplified methods for identifying risk drivers and positions (Articles 3 and 6). These methods allow smaller institutions to avoid complex calculations while still adhering to regulatory requirements. The regulation also specifies that cash positions in the reporting currency are not to be considered when determining the size of the business, as they do not change in market value due to risk driver fluctuations.
Commission Implementing Regulation (EU) 2025/2085 of 13 October 2025 amending Annexes V and XIV to Implementing Regulation (EU) 2021/404 as regards the entries for Canada, the United Kingdom and the United States in the lists of third countries, territories, or zones thereof authorised for the entry into the Union of consignments of poultry and germinal products of poultry, and of fresh meat of poultry and game birds
This Commission Implementing Regulation (EU) 2025/2085 amends Implementing Regulation (EU) 2021/404, specifically addressing the lists of third countries authorized for the entry into the Union of poultry, germinal products of poultry, and fresh meat of poultry and game birds. The amendments concern entries for Canada, the United Kingdom, and the United States due to recent outbreaks of highly pathogenic avian influenza (HPAI). The regulation adjusts the authorized zones within these countries from which these products can be imported into the EU, based on the latest epidemiological information and control measures implemented.
The regulation modifies Annexes V and XIV to Implementing Regulation (EU) 2021/404. These annexes list the third countries, territories, or zones thereof, authorized for the entry into the Union of consignments of poultry and germinal products of poultry, and of fresh meat of poultry and game birds, respectively. The amendments involve adding new restricted zones following recent HPAI outbreaks and updating existing entries to reflect the current animal health situation in Canada, the United Kingdom, and the United States. These updates include the dates of the outbreaks and the dates until which restrictions apply, as well as the specific geographical areas affected.
The most important provisions for users are the updated lists of authorized zones for the import of poultry, germinal products, and fresh meat of poultry and game birds from Canada, the United Kingdom, and the United States. Businesses involved in importing these products need to carefully check the amended Annexes V and XIV to ensure that their suppliers are located in zones that are currently authorized for export to the EU. The regulation also specifies the dates from which the changes take effect, which is the day following its publication in the Official Journal of the European Union.
Commission Implementing Regulation (EU) 2025/2070 of 13 October 2025 correcting certain language versions of Annex IV to Regulation (EU) No 1321/2014 on the continuing airworthiness of aircraft and aeronautical products, parts and appliances, and on the approval of organisations and personnel involved in these tasks
This Commission Implementing Regulation (EU) 2025/2070 addresses errors found in specific language versions of Annex IV (Part-147) to Regulation (EU) No 1321/2014, which concerns the continuing airworthiness of aircraft and aeronautical products. The errors are present in the Bulgarian, Czech, German, Hungarian, Lithuanian, Maltese, and Slovak versions, specifically within Section A, Subpart B, point 147.A.135(b). These errors affect the meaning of the provision related to organizational requirements for conducting examinations.
The Regulation consists of a preamble outlining the reasons for the correction, followed by two articles. Article 1 stipulates the corrections to be made to the specified language versions of Annex IV to Regulation (EU) No 1321/2014. Article 2 establishes the entry into force of the Regulation as the twentieth day following its publication in the Official Journal of the European Union, and confirms that the Regulation is binding in its entirety and directly applicable in all Member States. There are no changes compared to previous versions, the act only corrects errors in specific language versions.
The most important provision is Article 1, which directly mandates the correction of errors in the specified language versions of Annex IV (Part-147) to Regulation (EU) No 1321/2014, Section A, Subpart B, point 147.A.135(b). This ensures the accurate implementation and understanding of the organizational requirements for the performance of examinations related to the continuing airworthiness of aircraft and aeronautical products within the EU.
Commission Implementing Regulation (EU) 2025/2061 of 10 October 2025 providing for emergency financial support for the agricultural sectors affected by adverse climatic events in Bulgaria, Latvia, Lithuania, Hungary, Poland and Romania, in accordance with Regulation (EU) No 1308/2013 of the European Parliament and of the Council
This Commission Implementing Regulation (EU) 2025/2061 provides emergency financial support to agricultural sectors in Bulgaria, Latvia, Lithuania, Hungary, Poland, and Romania that have been affected by adverse climatic events in the spring and summer of 2025. The regulation aims to compensate farmers for economic losses impacting the viability of their farms, particularly in sectors such as fruits, vegetables, and certain seed productions. It ensures that the aid is distributed effectively and without causing market distortions, while also allowing Member States to provide additional national support under specific conditions.
The regulation consists of 3 articles. Article 1 outlines the total Union aid available (€49,800,000) and specifies the amounts allocated to each Member State. It details the conditions for using the aid, including the requirement for objective and non-discriminatory criteria, the prevention of market distortions, and the eligibility deadline for payments (April 30, 2026). It also addresses currency conversion rates and the possibility of cumulating aid with other support programs. Article 2 requires Member States to notify the Commission of the measures they intend to take, the criteria for granting aid, and actions to avoid distortions and overcompensation, as well as to provide a final report on the amounts paid and the effectiveness of the measures. Article 3 states that the regulation enters into force on the day following its publication in the Official Journal of the European Union.
The most important provisions for practical use are those concerning the allocation of funds to each Member State (Article 1(2)), the requirement to use objective and non-discriminatory criteria for distributing aid (Article 1(4)), the eligibility deadline for payments (Article 1(6)), and the notification requirements for Member States (Article 2). These provisions ensure that the aid is distributed fairly and efficiently, and that the Commission is informed about the implementation of the measures.
Commission Implementing Regulation (EU) 2025/2043 of 10 October 2025 on the structure, technical details and process for submitting evidence about the impact of climate change and the legacy effects on organic soils pursuant to Regulation (EU) 2018/841 of the European Parliament and of the Council
This Commission Implementing Regulation (EU) 2025/2043 establishes the structure, technical details, and process for Member States to submit evidence regarding the impact of climate change and legacy effects on organic soils. This regulation aims to provide a framework for Member States to access compensation for excess emissions and diminishing removals of greenhouse gases due to these factors, as outlined in Regulation (EU) 2018/841. The regulation focuses on identifying affected areas, providing verifiable evidence, and ensuring that Member States take action to improve climate performance in those areas.
The regulation consists of 6 articles and an annex. Article 1 provides definitions for terms like “aridity index,” “aridity class,” and “organic soil.” Article 2 details the evidence required to identify areas affected by the long-term impact of climate change, primarily using the aridity index. Article 3 specifies how to identify areas affected by legacy effects in Member States with an exceptionally high proportion of organic soils, setting the threshold at the 85th percentile. Article 4 outlines the evidence needed to demonstrate excess emissions and diminishing removals in the identified areas, based on comparisons with similar unaffected areas. Article 5 describes the process for Member States to submit evidence to the Commission, including deadlines and update requirements. Article 6 states the date of entry into force of this regulation. The annex provides data on the proportion of organic soils in each Member State’s managed land area.
The most important provisions for practical use are those detailing the evidence requirements and submission process. Member States must identify affected areas geographically and provide verifiable evidence based on specific indices and data. They must also demonstrate efforts to reverse negative trends and improve climate resilience. The deadlines for submitting requests and evidence are critical for Member States seeking compensation. The requirement for transparency, accuracy, consistency, comparability, and completeness of the evidence ensures that the data used is reliable and in line with EU standards.
Commission Implementing Regulation (EU) 2025/2045 of 10 October 2025 correcting the Slovak language version of Implementing Regulation (EU) 2019/317 laying down a performance and charging scheme in the single European sky
This Commission Implementing Regulation (EU) 2025/2045 addresses an error found in the Slovak language version of Implementing Regulation (EU) 2019/317, which establishes a performance and charging scheme within the Single European Sky framework. The error in Article 28(4)(b) of the Slovak version alters the intended meaning of the provision. This regulation aims to correct this specific error in the Slovak version to ensure accurate implementation and interpretation of the original regulation. The correction ensures consistency across all language versions of the regulation.
The regulation consists of two articles. Article 1 contains the correction to the Slovak language version of Implementing Regulation (EU) 2019/317 (the specific correction is not included as it does not concern the English language). Article 2 establishes the entry into force of the regulation on the twentieth day following its publication in the Official Journal of the European Union, ensuring its immediate and direct applicability in all Member States. This regulation does not introduce new provisions or change the substance of the performance and charging scheme but rather ensures the accuracy of the Slovak language version.
The most important aspect of this regulation is that it rectifies a linguistic error that could have led to misinterpretations or inconsistencies in the application of the performance and charging scheme in the Single European Sky, specifically within Slovakia. While it only affects the Slovak language version, it is crucial for ensuring the correct implementation of the original regulation (EU) 2019/317.
Commission Implementing Regulation (EU) 2025/2046 of 10 October 2025 amending Implementing Regulation (EU) 2015/1486 as regards the terms of the authorisation of canthaxanthin as a feed additive for certain categories of poultry, ornamental fish and ornamental birds
This Commission Implementing Regulation (EU) 2025/2046 amends Implementing Regulation (EU) 2015/1486, focusing on the feed additive canthaxanthin used for specific poultry categories, ornamental fish, and birds. The key change involves authorizing a new production method for canthaxanthin through fermentation with Yarrowia lipolytica CBS 146148. The regulation confirms that canthaxanthin produced via this new method meets safety and efficacy standards under existing conditions of use.
The regulation consists of two articles and an annex. Article 1 stipulates that the Annex to Implementing Regulation (EU) 2015/1486 is replaced by the Annex to this new regulation. Article 2 indicates the regulation’s entry into force, which is twenty days after its publication in the Official Journal of the European Union. The main provision is the updated Annex, which details the terms of authorization for canthaxanthin, including the new production method, purity standards, analytical methods, and maximum content levels for different animal categories. It introduces a new identification number (2a161gi) for canthaxanthin produced by fermentation.
The most important provisions for users include the authorization of canthaxanthin produced by fermentation with Yarrowia lipolytica CBS 146148, the specific purity requirements for both synthetic and fermentation-produced canthaxanthin, and the permitted levels of canthaxanthin in feed for various animal categories. Additionally, the regulation maintains the requirement for feed business operators to establish procedures to manage potential risks from the use of canthaxanthin, including the possible need for personal protective equipment.
Regulation (EU) 2025/2077 of the European Parliament and of the Council of 8 October 2025 amending Regulation (EU) No 1026/2012 on certain measures for the purpose of the conservation of fish stocks in relation to countries allowing non-sustainable fishing
Regulation (EU) 2025/2077 amends Regulation (EU) No 1026/2012 to improve the conservation of fish stocks by addressing countries that permit non-sustainable fishing practices. The amendment refines the definition of “failure to cooperate” and clarifies the criteria for identifying countries allowing non-sustainable fishing, including the implementation and enforcement of necessary fishery management measures. It also reinforces procedures before and after adopting measures against such countries, emphasizing dialogue and cooperation. The regulation aims to ensure better alignment with international law, particularly the UNCLOS and UNFSA, to promote sustainable fisheries management.
The regulation modifies several articles of the original Regulation (EU) No 1026/2012. Article 1 contains amendments to Article 2, which redefines “associated species” and “unsustainable state,” and adds a definition of “failure to cooperate.” It also amends Article 3 to clarify the conditions under which a country is considered to be allowing non-sustainable fishing. Furthermore, it amends Article 6 to reinforce procedures before and after the adoption of measures, including notifying the country concerned and engaging with RFMOs. Finally, it amends Article 7 to specify the conditions under which measures against a country can be lifted, emphasizing the adoption of corrective measures.
Key provisions include the detailed definition of “failure to cooperate,” which lists specific behaviors that constitute a failure to engage in good-faith consultations. The regulation also emphasizes the importance of implementing and enforcing fishery management measures, including control measures, and clarifies that countries can be penalized for not doing so. The reinforced procedures for engaging with countries before and after measures are adopted, including specific timeframes for response and remediation, are also crucial for its effective implementation.
Regulation (EU) 2025/2075 of the European Parliament and of the Council of 8 October 2025 amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union (Text with EEA relevance)
This Regulation (EU) 2025/2075 amends the existing Regulation (EU) No 909/2014 to shorten the settlement cycle for transactions in transferable securities within the European Union. The main goal is to reduce risks, align with global market practices, and enhance the competitiveness of EU capital markets by decreasing the time it takes to settle transactions. The regulation mandates that the settlement of most transactions should occur no later than one business day after the trading day (T+1).
The regulation modifies Article 5 of Regulation (EU) No 909/2014, replacing the previous T+2 settlement cycle with a T+1 cycle for transactions executed on trading venues. It also introduces exemptions for certain types of securities financing transactions (securities lending, buy-sell back transactions, and repurchase transactions) if they are documented as single transactions composed of two linked operations. Furthermore, it amends Articles 74 and 75 to enhance monitoring and reporting requirements for ESMA, particularly regarding the impact of the T+1 settlement cycle and the exemptions for specific securities financing transactions.
The most important provision is the change to the settlement cycle from T+2 to T+1, which will impact all participants in the EU securities markets. However, the exemptions for specific securities financing transactions are also crucial, as they provide flexibility for these types of transactions while aiming to prevent circumvention of the T+1 rule. The enhanced monitoring and reporting requirements for ESMA are also significant, as they will help to ensure that the transition to T+1 is smooth and that any potential negative impacts are identified and addressed promptly.
