Unlawful extra-territorial sanctions – a stronger EU response (amendment of the Blocking Statute)

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About this consultation

Consultation period : 09 September 2021 – 04 November 2021  (midnight Brussels time)
 
Topic : Banking and financial services

Target audience

This public consultation is open to all citizens and organisations (both in the EU and outside). The views of the following stakeholder categories are of particular interest: • EU businesses (including SMEs) and their associations, representations and unions, including trade associations and foreign businesses active in the EU • EU countries’ public authorities, in the form of central, regional, or other decentralized authorities • Research and academic institutions, think tanks, consultancies • Non-governmental organisations • Finally, non-EU governments and non-EU businesses, as well as international institutions and bodies

Why we are consulting

This questionnaire seeks your feedback on a possible amendment to Council Regulation (EC) No. 2271/96 (‘blocking statute’), adopted in 1996. The aim of the ‘blocking statute’ is to protect EU individuals and companies from having to comply with the extra-territorial application of third-country laws and measures. As announced in its Communication “The European economic and financial system: fostering openness, strength and resilience” of 19 January 2021, the Commission would like to review the blocking statute in order to (i) include additional deterrence mechanisms and (ii) streamline the application of the Regulation, including by reducing compliance costs for EU persons and businesses The consultation allows a wide-range of stakeholders and citizens to make their views and interests known and to feed into the preparatory work of the Commission.

Responding to the questionnaire

The response period for this consultation has ended. The questionnaire is no longer available. You can track further progress of this initiative by subscribing to receive notifications.

Consultation outcome

Further information on this consultation is provided below.

Follow developments to this initiative by subscribing to receive notifications.

Statistics

Total of valid feedback instances received: 86

p/o Virginie Gastine Menou

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Publié le 9 décembre 2021 par

Virginie GASTINE MENOU

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Unlawful extra-territorial sanctions – a stronger EU response (amendment of the Blocking Statute)

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About this consultation

Consultation period : 09 September 2021 – 04 November 2021  (midnight Brussels time) Topic : Banking and financial services


WEBSITE

Target audience

This public consultation is open to all citizens and organisations (both in the EU and outside). The views of the following stakeholder categories are of particular interest: • EU businesses (including SMEs) and their associations, representations and unions, including trade associations and foreign businesses active in the EU • EU countries’ public authorities, in the form of central, regional, or other decentralized authorities • Research and academic institutions, think tanks, consultancies • Non-governmental organisations • Finally, non-EU governments and non-EU businesses, as well as international institutions and bodies

Why we are consulting

This questionnaire seeks your feedback on a possible amendment to Council Regulation (EC) No. 2271/96 (‘blocking statute’), adopted in 1996. The aim of the ‘blocking statute’ is to protect EU individuals and companies from having to comply with the extra-territorial application of third-country laws and measures. As announced in its Communication “The European economic and financial system: fostering openness, strength and resilience” of 19 January 2021, the Commission would like to review the blocking statute in order to (i) include additional deterrence mechanisms and (ii) streamline the application of the Regulation, including by reducing compliance costs for EU persons and businesses The consultation allows a wide-range of stakeholders and citizens to make their views and interests known and to feed into the preparatory work of the Commission.

Responding to the questionnaire

The response period for this consultation has ended. The questionnaire is no longer available. You can track further progress of this initiative by subscribing to receive notifications.

Consultation outcome

Further information on this consultation is provided below.

Follow developments to this initiative by subscribing to receive notifications.

Statistics

Total of valid feedback instances received: 86

The number feedback instances shown includes only the valid ones, respecting the feedback rules.
The data is regularly updated.

p/o Virginie Gastine Menou

RISQUES ET VOUS

http://www.risquesetvous.fr/

https://www.linkedin.com/company/risques-et-vous

✍🏼 Proposer une offre de job : https://graces.community/recruteurs/

💈 Consulter les offres qui vous correspondent : https://job.graces.community/login

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