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Mellowing Meroni: Hows ESMA can help build the single market. CEPS Commentaries, 18 February 2014

Pelkmans, Jacques and Simoncini, Marta (2014) Mellowing Meroni: Hows ESMA can help build the single market. CEPS Commentaries, 18 February 2014. [Policy Paper]

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    In examining the long-awaited opinion given January 22nd by the CJEU in the case concerning the European Securities and Markets Authority (ESMA), this Commentary argues that the ruling is important for the insights it yields into the modern understanding of the Meroni non-delegation doctrine. The authors, Jacques Pelkmans and Marta Simoncini, aim to extract the potential implications of the ESMA case for the place and significance of the Meroni doctrine in building up the single market. They demonstrate that the ESMA case is yet another manifestation of a slow process of “mellowing Meroni’, which is a critical condition for a new single market strategy aiming to end the remaining fragmentation of the single market – not only in financial markets but also in network industries – and to ensure its ‘proper functioning’.

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    Item Type: Policy Paper
    Uncontrolled Keywords: European Securities and Markets Authority (ESMA); Meroni non-delegation doctrine.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > general
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 01 Apr 2014 13:13
    Number of Pages: 6
    Last Modified: 01 Apr 2014 13:13

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