European Commission publishes Omnibus IV Simplification Package

This week, the European Commission published its long-awaited Omnibus IV Simplification Package to cut red tape, reduce costs, and modernise EU rules as part of the ongoing Single Market Simplification effort. The goal is to deliver at least a 25% reduction in administrative burdens – and at least 35% for SMEs – by the end of this mandate.

The package extends supportive measures for Small Mid-Cap companies (SMCs), in line with what is already available for Small and Medium-Sized companies (SMEs) in certain fields.

One of the measures is a change to GDPR requirements, for organisations with fewer than 750 employees (they will no longer need to create or update their existing records of activities involving the processing of personal data in cases where these activities are not likely to result in a high risk to the rights and freedoms of data subjects).

While there has been speculation that EU Pay Transparency  obligations for SMC's might also be folded into this package, that is not the case. This means the EU Pay Transparency Directive’s requirements remain unaffected. Employers must continue preparing for what’s coming.

At Littler Belgium, we’re helping organizations get ready. Our Littler Tracker outlines the current status of the law across EU member states and will follow every legislative update as countries implement the Directive.