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.
The EESC agrees in principle with the Commission's proposal to extend the scope of the existing rules on market abuse.
However, the EESC has a number of concerns, in particular:
The vague wording of many offences in the proposal for a directive on market abuse, and the delegation of further detail to ESMA and/or the Commission at Level 2, are likely to cause significant legal uncertainty.. The EESC therefore calls for further clarification of offences at Level 1.
Article 11 of the proposal for a Regulation requires putting systems in place to detect market abuse. Not only does this rule give rise to the concern that large numbers of uninformed reports will be filed but also places a disproportionate burden on smaller credit institutions in particular and is thus likely to impair local economic activity. The EESC calls on the Commission to opt for a more tailored approach to regulation.