EY

EY welcomes the initiatives led by the European Commission (EC) and EFRAG to simplify the ESRS. We focus our comments in the attached cover letter on a small number of priority areas, targeted clarifications, and longer-term considerations as follows.

EY appreciates the opportunity to comment on the proposed amendments to the Climate Delegated Act (CDA) and the Environmental Delegated Act (EDA). We welcome the efforts of the European Commission to simplify the EU Taxonomy Regulation (EUTR) requirements while retaining its policy objectives.

EY appreciates the opportunity to submit comments on behalf of the EY network on the European Commissions call for feedback on the proposals put forward by the Commission on 17 May 2023 to reform the EU Customs Union.

We appreciate the opportunity to submit these comments on behalf of EY in response to the European Commissions Call for Evidence on policy options to simplify the existing direct tax framework of the European Union and enhance competitiveness within the internal market.

We appreciate the opportunity to submit comments on behalf of EY on the European Commissions call for evidence for an impact assessment of 13 October 2022 on Business in Europe: Framework for Income Taxation (BEFIT).

We appreciate the opportunity to submit the attached comments on behalf of EY on the European Commissions public consultation of 19 June 2023 on a new EU system for the avoidance of double taxation and prevention of tax abuse in the field of withholding taxes.

EU AML rulebook - feedback collated during a roundtable discussion held with MLROs of main banks in Malta: Outsourcing: one of the prohibitions on outsourcing is in relation to the drawing up and approval of internal policies, controls and procedures which is being interpreted as a prohibition in the outsourcing of the development of AML controls to external third parties - Many firms rely on external third parties…

Dear Sir/Madam EY Europe SCRL (“EY”) wishes to thank the European Commission (the Commission) for the opportunity to comment on its roadmap for a new comprehensive approach to preventing and combating money laundering and terrorism financing.

We welcome the Commission's aim to provide guidance to the wide range of professionals who may seek to perform independent audits under the DSA, an area where assurance practice is at an early stage. However, the draft Regulation raises significant issues for i) potential DSA auditors and ii) audit report users (EU and Member State oversight bodies, civil society, etc). We outline four main areas of concern below.

We appreciate the opportunity to submit comments on behalf of EY on the European Commission’s public consultation on Securing the Activity Framework of Enablers (SAFE). In the attached document we provide our perspective on the issues underlying the questions posed in the questionnaire and the information contained in the “call for evidence”