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The EESC supports the proposed regulatory framework, comprising: amendments to the technical standards and rules of the Union Customs Code (UCC); corrections of technical errors and omissions, aligning the code with the Canada-EU Comprehensive Economic and Trade Agreement (CETA); and the inclusion of the municipality of Campione d'Italia and the Italian waters of Lake Lugano in the EU customs territory, as requested by the Member State concerned. With regard to the inclusion of "territorial enclaves", the EESC recommends paying particular attention to making the necessary amendments at the same time to Directive 2008/118/EC (Excise duties) and Directive 2006/112/EC (the VAT Directive).
The EESC supports the Commission's Fin Tech Action Plan and considers that the development of FinTech can deliver a number of benefits to both European businesses and their clients. Measures included in the action plan on improving cyber security and the resilience of the financial sector are important, but should be supplemented by rules to ensure uniformity in the development of FinTech in the EU. Similarly, the Committee believes that the level of regulation for FinTech should be equivalent to that in the financial sector.
The EESC calls on the Commission to identify possible rules for companies offering cloud services with regard to their responsibility for securing the data they host.