Omnibus on small mid-caps

Key points

The EESC:

• welcomes the European Commission’s efforts to simplify legislation and reduce specific administrative burdens but, at the same time, it also expresses concerns regarding the consultation process, the limited debate on the proposed changes and the lack of impact assessments;
• invites the Commission to comprehensively map the EU business landscape by company size and according to specific Member States’ characteristics with the aim to ensuring more appropriate thresholds and scope of the Small Mid-Caps (SMC) category;
• encourages the Commission to present further targeted GDPR simplification measures, having many companies still facing disproportionate compliance requirements such as extensive record-keeping;
• is concerned that the proposed amendment to the Fluorinated Greenhouse Gas (F-gas) Regulation may create a loophole in the legislative framework dealing with highly damaging climate substances;
• highlights that common specifications should be based on a harmonised approach and considered as a fallback option subject to strict criteria, in order to ensure clarity and transparency of their development and adoption process and prevent the establishment of a parallel system.

For more information, please contact the INT Section Secretariat.