European Council Adopts Conclusions Expressing Support For CSRD Simplification and Quick Action on the Omnibus

At its meeting yesterday, the European Council adopted conclusions on several topics, including the Omnibus proposals. The conclusions express high-level support for the Omnibus’ goals and advocate for quick action. More specifically, the Council: 

• Calls on the European Commission and the co-legislators to work towards achieving the target of reducing the cost of all administrative burdens by at least 25%, and by at least 35% for SMEs.
• Calls on the Commission to identify ways to further simplify and consolidate existing legislation.
• Urges the co-legislators to take work forward on the Omnibus simplification packages as a matter of priority, with a view to finalizing them as soon as possible in 2025.
• Calls on the co-legislators to adopt the proposal on the stop-the-clock mechanism at the latest by June 2025.

For a more detailed discussion of the Omnibus proposals, see this Ropes & Gray post.

The conclusions adopted by the Council are available here.  

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