Considerations on COM(2023)636 - Amendment of Regulations (EU) No 1024/2012 and (EU) 2018/1724 as regards certain requirements laid down by Directive (EU) XXXX/XXXX

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(1) Directive (EU) [XXXX/XXXX] of the European Parliament and of the Council3 lays down harmonised requirements in relation to economic activities of interest representation carried out on behalf of a third country entity, with a view to improving the functioning of the internal market by achieving a common level of transparency across the Union.

(2) The administrative cooperation and the exchange of information between the designated national authorities, or the supervisory authorities, and the Commission, provided for by Directive (EU) XXXX/XXXX is to be implemented through the Internal Market Information System (‘IMI system’) established by Regulation (EU) No 1024/2012 of the European Parliament and of the Council4. For that reason, the necessary administrative cooperation procedures should be established in the IMI system. Regulation (EU) No 1024/2012 should therefore be amended accordingly.

(3) In addition, in order to minimise the administrative burden on legal entities and natural persons falling within the scope of Directive (EU) XXXX/XXXX, Regulation (EU) 2018/1724 of the European Parliament and of the Council5 should be amended to provide for easy online access to information on the rights and obligations stemming from Directive (EU) XXXX/XXXX, as well as to ensure that access to and completion of the procedure for registration required by that Directive can be made fully online.