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EU consultation

Amendment of the Blocking Statute

4 submissions from 4 organizations told the European Commission what they think about this file. Here is what each of them said, in their own words.

The Commission lists 91 submissions on this file. Shown here: the 4 from organizations. Not shown, by design: submissions from private individuals, which we never publish, and anything filed since our last weekly refresh.

Who showed up

4 submissions from industry and none from civil society organizations.

Industry 4Civil society 0Public authorities, academia, other 0

Groupings use the respondent type each organization selected when filing. Counting submissions, not organizations — a body that filed twice is counted twice.

The file, right now

The consultation closed on 4 Nov 2021 — it ran from 9 Sept 2021.

Policy area
Financial services (DG FISMA)
Where it stands
Awaiting adoption
Adoption expected
30 Jun 2022

How it got here

  1. Impact assess incep30 Aug 2021
  2. Public consultation4 Nov 2021

Also on the Commission’s pipeline for this file, with no date recorded: Initiative planned, Proposal for a regulation.

Showing 4 of 4 submissions.

IB

Italian Banking Association

· · filed 30 Aug 2021 · source

The Italian Banking Association welcomes the possibility of commenting on the Commission’s proposal for amendments to the so-called ‘Blocking Statute’, which have been put forward in order to curb the phenomenon of the consequences for EU countries of financial penalties adopted by third countries.

Filed in Italian · English published by the European Commission

LinkedInX

We would like to thank you for the opportunity to express our opinion. Please find attached and below a first submission from SPECTARIS. Deutscher Industrieverband für Optik, Photonik, Analysen- und Medizintechnik e.V. (German Industrial Association for Optics, Photonics, Analysen- und Medizintechnik e.V.) to amend the EU Blocking Regulation.

Filed in German · English published by the European Commission

LinkedInX
VD

Verband Deutscher Maschinen- und Anlagenbau e.V.

· · filed 30 Aug 2021 · source

Below you can find the non-exhaustive feedback of the Mechanical Engineering Industry Association (VDMA) to the combined Evaluation Roadmap and Inception Impact Assessment of the European Commission for the amendment of the Blocking Statute. Economic coercion by third countries against EU companies is a strongly growing problem.

LinkedInX
UF

UK Finance

· · filed 27 Aug 2021 · source

The consultation document notes third country sanctions are often applied where a nexus with the prohibiting country does not seem to exist. The Commission should consider that as global financial markets are interconnected, foreign currencies can create a nexus to the currency owner even if the transaction is outside that country.

LinkedInX
Take the dataCSV — all 4 submissionsJSONFull text, not the excerpt. Free to cite.Search every submission →

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Method. Every quote is verbatim from the organization’s own submission to the European Commission, trimmed to its opening passage and never summarized by a model. Where a submission was filed in another EU language we show the English text the European Commission publishes alongside it, labeled on the quote; the original is one click away at the source. Groupings use the respondent type the organization itself selected when filing. We deliberately do not label anyone “supportive” or “opposed” — you read what they wrote and draw your own conclusion. Organizations only, never individuals. Reused under Commission Decision 2011/833/EU; the European Commission is not liable for this reuse.