ESMA was assigned the role of European financial supervisor. Questions on the validity of the powers of ESMA to overrule decisions of national supervisory authorities however remained. The Court strengthened the role of ESMA in a recent case.
Tag: Article 114 TFEU
What is the legal basis for the proposed Common European Sales Law: art. 114 TFEU or art. 352 TFEU? The European Commission must clarify this issue before engaging the analysis of the concrete provisions of the CESL.