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Review of the EU legislation for 14/11/2024

Here's a comprehensive review of the legal acts: 1. Multiple-Vote Share Structures Directive: Establishes EU-wide rules allowing companies to maintain control while raising funds through MTFs. Companies must get qualified majority approval for MVS structures, with mandatory safeguards for minority shareholders and detailed transparency requirements about share structures. 2. European Disability and Parking Cards Directive: Creates standardized…

Commission Implementing Regulation (EU) 2024/2886 of 12 November 2024 amending Annex I to Implementing Regulation (EU) 2023/594 laying down special control measures for African swine fever

This is a Commission Implementing Regulation amending Annex I to Regulation (EU) 2023/594 regarding special control measures for African swine fever (ASF). The regulation updates the restricted zones I, II and III in various EU member states where special disease control measures need to be applied due to ASF outbreaks. The main changes include: -…

Commission Implementing Regulation (EU) 2024/2861 of 12 November 2024 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to the technical means for the appropriate public disclosure of inside information and for delaying the public disclosure of that information

This Regulation establishes technical standards for the public disclosure of inside information related to crypto-assets and the procedures for delaying such disclosure. It sets detailed requirements for issuers, offerors, and persons seeking admission to trading of crypto-assets to ensure transparent and efficient information dissemination across the European Union. The act is implementing Regulation (EU) 2023/1114…

Directive (EU) 2024/2811 of the European Parliament and of the Council of 23 October 2024 amending Directive 2014/65/EU to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises and repealing Directive 2001/34/EC (Text with EEA relevance)

This Directive aims to make public capital markets in the EU more attractive for companies and facilitate access to capital for small and medium-sized enterprises (SMEs). It amends Directive 2014/65/EU (MiFID II) and repeals Directive 2001/34/EC.The Directive introduces significant changes to the EU capital markets framework by modifying research unbundling rules, establishing new provisions for…

Directive (EU) 2024/2842 of the European Parliament and of the Council of 23 October 2024 extending Directive (EU) 2024/2841 to third-country nationals legally residing in a Member State

This Directive extends the European Disability Card and European Parking Card system to third-country nationals legally residing in EU Member States. It ensures that non-EU citizens with disabilities who legally reside in the EU have the same rights and access to facilities as EU citizens with disabilities. The Directive also covers persons accompanying disabled individuals…

Directive (EU) 2024/2841 of the European Parliament and of the Council of 23 October 2024 establishing the European Disability Card and the European Parking Card for persons with disabilities (Text with EEA relevance)

The Directive establishes two new EU-wide documents: the European Disability Card and the European Parking Card for persons with disabilities. These cards aim to facilitate free movement and equal access to services for persons with disabilities when traveling or visiting other EU Member States.The act consists of five chapters and 23 articles, along with two…

On Amendments to National Accounting Standard 21 “Effects of Changes in Foreign Exchange Rates”

Order Amending National Accounting Standard 21 Regarding Foreign Currency Transactions The order introduces changes to the National Accounting Standard (NAS) 21 concerning the reflection of foreign currency operations. The main essence of the changes relates to the procedure for converting currency transactions into reporting currency and clarifying definitions of monetary and non-monetary items. Structurally, the order…

On Approval of the Procedure for Procurement of Goods, Works, and Services for Defense Purposes Constituting State Secrets by the State Customer Service and Conclusion of State Contracts (Agreements) for Such Procurement during the Legal Regime of Martial Law

Order Defining the Procedure for Procurement of Defense-Purpose Goods, Works, and Services Constituting State Secrets by the State Enterprise "Ukrainian Center "Security"" as a Service of the State Customer of the Ministry of Strategic Industries under Martial Law The order determines the procedure for procurement of defense-purpose goods, works, and services that constitute state secrets by…

Some Issues of Providing Financial State Support to Enterprises Defined as Critically Important for Economic Functioning during a Special Period in the Defense-Industrial Complex

Resolution Approves Two Key Procedures for Providing Financial Support to Defense-Industrial Complex Enterprises through Credit Subsidization Mechanism. Support is provided to enterprises identified by the Ministry of Strategic Industries as critically important for economic functioning during a special period. Maximum loan amount is up to 500 million UAH for investment purposes and up to 100 million…

Ruling of the Second Senate of the Constitutional Court of Ukraine on Terminating Constitutional Proceedings in the Case of the Constitutional Complaint by Serhii Yevheniiovych Vashchenko Regarding the Compliance with the Constitution of Ukraine (Constitutionality) of Part Two of Article 21, Part One, Paragraph 2 of Part Two of Article 22, Part One of Article 1175 of the Civil Code of Ukraine

Constitutional Court of Ukraine reviewed the case based on the constitutional complaint of Judge S.Ye. Vashchenko regarding the constitutionality of provisions of the Civil Code of Ukraine on compensation for damage caused by illegal acts of authorities. Structurally, the ruling consists of two parts: 1) presentation of case circumstances and complainant's requirements; 2) Constitutional Court's…

On Amending Item 1 of the Procedure for Deducting a Portion of Net Profit (Income) to the State Budget by State Unitary Enterprises and Their Associations

Resolution establishes a special procedure for deducting a portion of net profit to the state budget for forestry enterprises under the management of the State Forestry Agency. According to the document, such enterprises must transfer 50% of net profit to the state budget, provided that 30% of the profit is directed towards the acquisition of…

On Amendments to the Resolution of the Cabinet of Ministers of Ukraine dated March 11, 2022, No. 257

Resolution Amending the Provisions on the Coordination Headquarters for Prisoners of War Handling The resolution introduces changes to the provisions on the Coordination Headquarters for Prisoners of War Handling. The main innovations concern the creation of new management bodies and the expansion of the headquarters' powers. Structurally, the document supplements the Coordination Headquarters composition with representatives…

Amendment to the Procedure for Implementing the Experimental Project on Recruiting Ukrainian Citizens in Electronic Form

Resolution Amending the Electronic Recruitment Procedure for Military Personnel, Detailing the Procedure for Reviewing Candidates' Applications for Contract Military Service The document supplements the existing Procedure with a new paragraph 9-1, which establishes clear time frames and interaction procedures between the military unit and the candidate through the recruitment platform. In particular, the military unit has…

On the Decision of the National Security and Defense Council of Ukraine dated November 12, 2024 “On the Application and Cancellation of Personal Special Economic and Other Restrictive Measures (Sanctions)”

Decree Implementing the Decision of the National Security and Defense Council Dated 12.11.2024 Regarding the Application and Cancellation of Personal Sanctions Against Certain Individuals and Legal Entities The Decree is structured in three points: implementation of the National Security and Defense Council decision, determination of control over execution, and entry into force. Control is assigned to…
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