E.U. Adopts New State Aid Regulations

Law360, New York (December 12, 2006, 12:00 AM EST) -- The European Commission has approved new laws that exempt E.U. member states from reporting subsidy payments if the amount does not exceed €200,000 over the course of three years.

Approved Tuesday, the laws raise the state aid review exemption threshold from the current level of €100,000. Loan guarantees are also covered by the new rules, provided that the loan amount doesn’t exceed €1.5 million.

“This new regulation will allow member states and the Commission to save time and resources by outlining how small support schemes can...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.