The new European Commission taking office in October will inherit a large volume of unfinished business on financial services. Most of the legislation adopted or agreed during the current Commission's term has yet to be fully implemented, many legislative proposals are being carried over to be agreed in the next institutional cycle and there is a significant backlog of reviews and consultations which may lead to new legislative proposals.

This briefing provides an overview of the upcoming application dates for EU legislation on financial services, the state of play on the legislative proposals that may be carried over to the next institutional cycle and the backlog of reviews and consultations awaiting further action. This unfinished business will form the backdrop for the new Commission's own legislative agenda, including any new proposals to advance capital markets union. 

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