Please note that data for 2010 is preliminary and for information only. Marianne Klingbeil Acting Chair of the Impact Assessment Board Secretariat General,

Please note that data for 2010 is preliminary and for information only.

Marianne KlingbeilActing Chair of the Impact Assessment BoardSecretariat General, European Commission

Impact Assessment Board in 2010

Brussels 22 October 2010

Please note that data for 2010 is preliminary and for information only.

Initiatives examined by the IAB in 2010

The main IAB clients: MARKT, ENTR, ENER, COMP Financial markets Specific product standards Competition guidelines

Number of IA in 2010 lower than in 2009 New Commission and Parliament Late adoption of the Commission Work Programme

Please note that data for 2010 is preliminary and for information only.

Increase of legislative proposals

legistaive

non-legislative

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010

Please note that data for 2010 is preliminary and for information only.

Main IAB recommendations (1)Structural issues raised in the opinions of the Board

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100% A

na

lysi

s o

fim

pa

cts

Pro

ble

md

efin

itio

n,

ba

selin

e,

ob

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ive

s

Op

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s a

nd

the

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om

pa

riso

n

Sta

keh

old

er

con

sulta

tion

Su

bsi

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rity

an

dp

rop

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ion

alit

y

Pro

ced

ura

lis

sue

s, c

on

ten

to

f E

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tive

Su

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Tra

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an

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ple

me

nta

tion

Mo

nito

rin

g a

nd

eva

lua

tion

% o

f o

pin

ion

s

2007 2008 2009 2010

Please note that data for 2010 is preliminary and for information only.

Main IAB recommendations (2)IAB recommendations on analysis of impacts

0%

10%

20%

30%

40%

50%

60%

70%

80% E

cono

mic

impa

cts

Soc

ial

impa

cts

Impa

cts

onad

min

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ativ

eco

sts

Impa

cts

onS

ME

s

Impa

ct o

n E

Ubu

dget

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enta

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s

Impa

ct o

nsi

mpl

ifica

tion

Impa

cts

onfu

ndam

enta

lrig

hts

% o

f o

pin

ion

s

2007 2008 2009 2010

Please note that data for 2010 is preliminary and for information only.

Two cases

Administrative burden assessment: Undertakings for Collective Investment in Transferable Securities

Simplification initiative: the forestry and agricultural vehicles

Please note that data for 2010 is preliminary and for information only.

Case 1: Forestry and agricultural vehicles

Context and issues at stake Type approval system for motor vehicles identified as priority

area for simplification Specific objectives of the revision: simplification of law,

improved regulatory framework and completion of single market for agricultural and forestry vehicles

High costs of maintaining current fragmented regulatory framework

Costs of EC type approval for individual vehicles type and benefits for buyers

Please note that data for 2010 is preliminary and for information only.

Case 1: Forestry and agricultural vehicles (2)

Outcome 24 Directives +35 related Directives replaced by one

Regulation Improved safety Environment requirements left untouched Wider benefits from simplification assessed in

qualitative terms

Please note that data for 2010 is preliminary and for information only.

Case 2: Retail investment funds (2009/68/EC, or UCITS IV)

Context and issues at stake Directive includes delegation of power to define i.a.:

standard notification letter and attestation model procedures for exchange of information (via electronic

communication) procedure for on-the-spot verification

Proposal developed in co-operation with the Committee of European Securities Regulators (CESR)

About 36,000 UCITS funds concerned, with €5.2 trillion worth of assets, 71 million unit holders

Please note that data for 2010 is preliminary and for information only.

Case 2: Retail investment funds (2)

Outcome Costs of up to EUR 400 million to the industry Costs to be seen in the context of overall assets or number of

shareholders Benefits: increased cross-border activity, rationalisation in the

UCITS market, more informed investment decisions with attendant reductions in levels of consumer complaints.

Better informed investors expected to better protect their own interests. Increasing confidence in the UCITS market and reducing levels of investor detriment and complaints.

Please note that data for 2010 is preliminary and for information only.

Further information

All initiatives, all impact assessments and IAB opinions publicly available:

http://ec.europa.eu/governance/impact/ia_carried_out/cia_2010_en.htm