EU Regulatory Update: New Directive on Waste Electrical and Electronic Equipment (WEEE)
Client Alert | 1 min read | 08.09.12
EU Member States have until February 14, 2014 to implement into their national laws the new WEEE Directive 2012/19/EU which was recently published in the Official Journal.
The new WEEE Directive introduces significant changes to Directive 2002/96/EC to improve collection, re-use and recycling of used electronic devices including:
- revising collection and recovery targets: from 2016, EU member states must collect annually 45% of the average weight of EEE placed on their national markets; from 2016, EU member states are to achieve a 65 % collection rate (with certain exceptions);
- widening the scope of EEE covered by the legislation;
- providing for collection at large retail shops of small WEEE free of charge to end-users; and
- introducing tighter controls on illegal shipments of e-waste from the EU.
In order to obtain assistance for compliance with WEEE legislation or any other EU regulatory issues, please contact the professional listed to the left, or your regular Crowell & Moring contact.
Insights
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Over the past 18 months, the federal banking agencies have clarified supervisory expectations for banks’ crypto-asset activities, and several of the largest U.S. banks have announced programs accepting Bitcoin and Ether as loan collateral. Separately, on June 3, 2026, New York’s enactment of the 2022 amendments to the Uniform Commercial Code took effect, changing the rules governing the perfection of a security interest in digital asset collateral in New York, the jurisdiction whose law governs most institutional credit documentation. Together, these developments may create significant opportunities for lenders navigating the complexities to comply with the newly enacted statutes. This alert surveys the current landscape, from regulatory permissibility and perfection through custody, structuring, and compliance, for institutions active in this market or considering entering it.
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