Single Market Information Tool (SMIT) – 2017/0087(COD)
Maltese business fully shares the Commission’s objective of ensuring better implementation, correct application and stronger enforcement of EU legislation. Moreover, the COM’s effort ensure compliance with EU law is admirable. There is little doubt that incompliance must be countered rigorously and effectively to ensure a level playing field in the single market.
However, we do not believe that the SMIT instrument is an appropriate measure to achieve these goals since it imposes additional obligations on companies to provide highly sensitive business information
without adequate justification or explanation how and for which precise objectives the COM intends to use this information, and under the threat of sanctions. Reporting obligations represent a cost to companies, and adding to those obligations without a clear purpose is unjustified and disproportionate.
Continue reading MBB’s position on the subject matter here.