European Union

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The legal impact of non-binding regulatory acts

Financial regulation in the EU is more and more driven by non-binding acts of authorities like ESMA. The impact of non-binding regulatory acts, however, goes beyond the original remit of these documents. The German regulator BaFin has now confirmed what we all already knew: These acts are far from mere recommendations. Instead there are likely …

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UNODC and EU launch initiative against human trafficking

The European Union (EU) and UNODC have launched the Global Action to Prevent and Address Trafficking in Persons and the Smuggling of Migrants. A four-year joint initiative between the EU and UNODC, the programme will be implemented in partnership with the International Organization for Migration (IOM) and the United Nations Children’s Fund (UNICEF) through to …

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