The European Commission has proposed a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a continuation of the European Union’s activities as part of the implementation of a package of simplifications called “Simplifying the Single Market”.
This proposal is called the fourth simplification Omnibus package and include:
- two-year postponement of implementation of new Battery Regulation requirements,
- simplification of the rules for small businesses that import or export products containing fluorinated greenhouse gases,
- digitalization of paper documents to provide product information in digital form,
- reduction of data obligations for small and medium enterprises – General Data Protection Regulation,
- introduction a new category for small mid-caps.
The previous 3 Omnibuses introduced changes and simplifications i.e.:
- in sustainability reporting – remove a lot of SMEs companies from the scope of CSRD reporting and postpone reporting by 2 years,
- in the carbon border adjustment mechanism (CBAM) – exempt small importers from CBAM obligations and simplify the rules for companies that remain in CBAM scope.
The next simplification package is planned for June 2025 and will focus on defence.
More information: https://commission.europa.eu/news/simplification-measures-save-eu-businesses-eu400-million-annually-2025-05-21_en