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ARTICLE · 29 APRIL 2020

COVID-19: European Commission Proposes New SURE Regulation

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This piece forms part of a series of COVID-19 updates published by our firm in response to developments around the pandemic.

MaltaCoronavirus (COVID-19)
Aleksandr Belugin
Aleksandr Belugin
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This piece forms part of a series of COVID-19 updates published by our firm in response to developments around the pandemic.

For more on this series, please see here.

On April 4, 2020, the European Commission tabled a new legislative instrument that would introduce temporary Support to mitigate Unemployment Risks in an Emergency('SURE'). First announced 2 days prior in a press release, the law is intended to be a regulation. The legislator's choice to implement this by means of a regulation is warranted, considering the need for a speedy and direct applicability across the Union. This will be a temporary EU financial aid instrument. At this stage, the Commission is seeking swift approval to its legislative proposal by the Council of Ministers.

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