The EESC issues between 160 and 190 opinions and information reports a year.
It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day.
The EESC brings together representatives from all areas of organised civil society, who give their independent advice on EU policies and legislation. The EESC's326 Members are organised into three groups: Employers, Workers and Various Interests.
The EESC has six sections, specialising in concrete topics of relevance to the citizens of the European Union, ranging from social to economic affairs, energy, environment, external relations or the internal market.
finds the solutions proposed by the Commission to the five main issues identified during the Central Securities Depositories (CSDs) Regulation review process to be, in general, sufficient and effective;
welcomes the Commission's initiatives to replace existing passporting requirements with a notification, as well as the proposal on supervisory colleges;
sees opportunities for the provision of banking-type ancillary services in solutions based on settlement in central bank money. Greater use of TARGET2-Securities (T2S) settlement platform would reduce risks;
recommends to include in the Commission proposal the provisions recognising T2S's central role for the European securities settlement infrastructure;
notes that the "two-step" approach to the imposition of mandatory buy-ins should not be considered until underlying reasons for settlement failures are examined and clarity is obtained on the effectiveness of other measures;
recommends actions for shortening securities settlement "command chains" and suggests to examine a widespread use of the "pre-matching" technique, to reduce settlement failures;
warns that a Pilot Regime for Distributed Ledger Technology (DLT) must not set a precedent for lowering standards of market conduct and investor protection. To reduce counterparty risk, CSDs should play a key role in managing the DLT networks;
suggests that CSDs, their issuers, and their participants are required to set up a mechanism to exchange and share data relevant to the implementation of European sanctions.