Sustainability

Articles in The Journal of Regulation & Compliance « JoRC »

ROUAUD, Anne-Claire🕴️

📝L’intensité de l’obligation de vigilance selon les secteurs : le cas des opérateurs financiers (“The intensity of the obligation of vigilance depending on the sector: the case of financial operators”), in 🕴️M.-A. Frison-Roche (ed.), 📕L’Obligation de Compliance

► Full Reference: A.-C. Rouaud, "L’intensité de l’obligation de vigilance selon les secteurs : le cas des opérateurs financiers" (The intensity of the obligation of vigilance depending on the sector: the case of financial operators), in M.-A. Frison-Roche (dir.), L'Obligation de Compliance, Journal of Regulation & Compliance (JoRC) an Dalloz, coll. "Régulations & Compliance", 2025, pp. 539-550. - 📕read the general presentation of the book, L'Obligation de Compliance, in which this contribution is published - ► English summary of this contribution (done by the Journal of Regulation & Compliance – JoRC) : The author develops the case of financial operators and shows that if they are subject to very heavy obligations of vigilance, it is above all because of the systemic risks of the markets, obligations which are consubstantial with their activities, because these operators are often in charge of market infrastructures or operating services, which make them all belong to the category of regulated professions. Despite this uniqueness, the obligation of vigilance has many facets, ranging from policing and customer surveillance to warning and protection, which can be very limited, as the fight against money laundering aims to protect the system (kyc). In addition, this obligation to exercise vigilance serves different goals, which explains the diversity of sanctions, because the intensity of the obligation also varies. The fight against systemic risk is certainly a common goal, but there are also concerns about protecting specific categories, such as investors (from a more European perspective). However, the general interest is now being renewed, as market protection is coupled with a concern for Sustainability. This is reflected in the variability of sanctions, ranging from disciplinary sanctions, handled by the financial markets regulatory bodies, to the obligation to put in place compliance programmes against which breaches are sanctioned per se. Private enforcement is developing in tandem with public enforcement, with a transformation of the litigation risk for companies, which is highly sensitive to extraterritoriality and the scope of soft law.     -
Marie-Anne Frison-Roche intervenant aux Rencontres de la Haute Autorité de l’Audit (H2A), 2 juillet 2025

Conferences

🎥L’enjeu de la crédibilité des rapports de durabilité. Temps long, Simplicité et Stratégie (The credibility of sustainability reports. Time, Simplicity and Strategy), in 🧮Mise en œuvre de la directive CSRD. Premiers constats et perspectives (Implementation of the CSRD directive. Initial findings and outlook)

► Full Reference: M.-A. Frison-Roche, "L'enjeu de la crédibilité des rapports de durabilité. Temps long, Simplicité et Stratégie" (The credibility of sustainability reports. Time, Simplicity and Strategy), concluding speech, in Rencontres de la Haute Autorité de l'Audit (H2A), 2025,  Mise en œuvre de la directive CSRD. Premiers constats et perspectives (Annual Manifestation of the French Audit Regulatory Body Haute Autorité de l'Audit – H2A, Implementation of the CSRD directive. Initial findings and outlook),, 2 July 2025, La Défense, 1pm-6pm - This manifestation, which takes place face-to-face with simultaneous translation, begins with a presentation by Florence Peybernès, President of the French High Audit Authority ( Haute Autorité de l'Audit -H2A). It is followed by 3 round-table discussions: 🪑🪑🪑 Round table 1: Feedback on the first appointments 🪑🪑🪑 Round table 2: Cross-perspectives between preparers, verifiers and stakeholders 🪑🪑🪑 Round table 3: Perspectives for CSRD   It is following on from this that the more legal, more judicial perspective, in an articulation between Ex Ante and Ex Post, will take shape. - ► English summary of the speech, as prepared : n view of the information available at the time of preparation for this event, the considerable interest aroused by the CSRD, and also its contestation, which led to its modification, is it counter-intuitive in view of the technicality of the remarks, the flood of criticism and the number of pages one reads, the impression of the weight, constraints and uselessness of the thing which would deprive companies of their freedom, but what emerges rather is Simplicity. Why: because the sustainability report is only a tool and it is the goal it serves that needs to be considered (more generally that's how the judge looks at it), a tool that serves a European strategy (Green Deal, sustainable finance). It is this strategy that needs to be identified, and the company has a free hand in it. What we are looking at the company in its contribution to this goal that is simple, a contribution which it can, in information that is admittedly standardised, draw the outlines of Long-term and Strategy: Investors and stakeholders are not hostile to this approach: the key is the credibility of the information made available. Because Long-Term Thinking puts the future at the centre, and we don't know what that future will be. This essential element, which the courts have recalled in relation to Vigilance Obligation, must also be borne in mind, because it is first and foremost a question of providing information about the future. To express the Information they want to give on this subject, companies need to understand the Goal of the European Plan (where Simplicity lies), to adjust their own plan to it (under the more familiar term of "Strategy") the councils and lawyers need to help them with this; to blend their strategies with the European strategy, to rely on the authorities and the auditors so that what they say is credible. Credibility is at the heart of it, which is why auditors are at the heart of it. Because the only obligation they have is to say. Not to do. The CSRD should not be interpreted as imposing obligations on the companies subject to it to do things (such as the obligation of vigilance generates); the CSRD only imposes an obligation on them to say things. The CSRD imposes on them only an obligation to inform. While this may be onerous, standardised and certified, there is no obligation to do or disclose anything. Moreover, that is part of the company's own strategy, a strategy over which the company retains full control. In this respect, although standardised, the information is free and it is the credibility of the information that is crucial, but not participation in a plan whose terms would be written by the Authorities or the stakeholders. Therefore, after learning from each other, it seems that there are three fairly simple things that are sometimes buried under the complication of the details accumulated and the violence of the arguments exchanged around the European Omnibus package. These three points will be developed at the end of the round-tables.   The first is the simplicity of the breadcrumb trail of credible, accessible information imposed by the European Union to put the Green Deal into practice. This breadcrumb trail is held in particular by the various regulators. The second is the existence of a single, simple obligation on the part of the company: to say what it has done, is doing and plans to do, without being obliged to do anything in the European Action Plan (the CRSD does not forcibly enroll companies in the European action plan). This limitation to an obligation to say is essential. Its articulation with obligations to act, arising in particular from texts on Vigilance, or even identical terms, must not lead to confusion in qualifications. The third is the benefit that the company derives from the articulation of a double "singular strategy": that of the European Union, which wants to build its future, a strategy of the Union to which it is free to contribute or not to contribute, and that of its own strategy which is articulated with the first and in which green gives way to many other colours according to the will of the company.   ► English Summary of speech, as made with regard to what effectively was said during the 2 round tables:  During the event itself, I preferred to place myself rather in the direct continuation of what had been said.  In the fifteen minutes allotted, this was the reason for not proceeding in this way, but rather to highlight the fact that what has emerged, all these efforts, uncertainty, trial and error and goodwill to elaborate that went into drawing up the first sustainability reports, runs the risk of being erased because in retrospect, in 2 or 5 years' time, particularly if a lawsuit were be brought, we will have the impression that everything was self-evident, that we knew everything, that everything was clear and decided. And it's that future, which will be the future of the judge who will be called upon by a stakeholder, a regulator, a prosecutor, who always takes the past for granted, that we have to think about. We need to think in terms of evidence. Evidence of uncertainty. And always remember that the sustainability report is also a piece of evidence. Which will fuel liability claims, disputes over information, and so on. Plus encore, parce que le report de durabilité n'est qu'un outil, pour une stratégie, qui est une stratégie d'ensemble, où la CSRD n'est qu'un élément du puzzle, des éléments du rapport de durabilité peuvent être pris pour être utilisés plus tard pour alimenter d'autres documents et rapports, et d'autres litiges. Cela est notamment le cas du plan de vigilance, puisque la cartographie des risques est souvent commune au rapport de durabilité et au plan de vigilance, ce qui est logique puisque la CSRD et la CS3D se font miroir dans le grand plan d'action de l'Union que constitue le Pacte vert. Mais cela est amplifié par les entreprises, qui parfois confondent l'un et l'autre, dans la présentation même au sein du rapport de gestion. Il est pourtant essentielle de distinguer nettement l'obligation de dire (rapport de durabilité) et l'obligation de faire (plan de vigilance). L'ambiguïté des "engagements" accroît cela. Il est essentiel de veiller à un travail ex ante entre expert de la gestion, de la finance, de l'audit et du droit pour éviter que les points de contact ne se transforment en confusions, maintenant et /ou plus tard, confusions qui pourraient être préjudiciables à tous. - 🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law 🌐subscribe to the Video Newsletter MAFR Surplomb 🌐subscribe to the Newsletter MaFR Droit & Art

Organisation of events

⚙️Co-organisation of the symposium 🧮Durabilité de l’Internet : le rôle des opérateurs du système des noms de domaine. Compliance et Régulation de l’espace numérique (Sustainability of the Internet: the role of the operators of the domain name system. Compliance and regulation of the digital space)

  - ► Full Reference: M.-A. Frison-Roche & G. Loiseau (dir.), Durabilité de l'Internet : le rôle des opérateurs du système des noms de domaine. Compliance et régulation de l'espace numérique (Sustainability of the Internet: the role of the operators of the domain name system. Compliance and regulation of the digital space), Journal of Regulation & Compliance (JoRC) and Institut de Recherche Juridique de la Sorbonne (André Tunc – IRJS), Paris 1 Panthéon-Sorbonne University, 21 Fabruary 2025 - ► General presentation of this symposium: The digital space has been built on and as a system. Its primary interest is of a negative nature: it consists of to be preserved against the prospect of systemic failure, of not collapsing. Like all other systems, this 'Monumental Goal' specific to the digital system justifies resources that incorporate this concern for the future. As with all systems, it integrates and relies on the specific technical nature of this system. The digital space is largely based on the invention, technology and architecture of domain names. Domain names, as an addressing system, enable users to enter the digital space and find other Internet users. The uniqueness and solidity of the domain name system, entrusted to a single root and decentralisation, makes this community possible for those who use the digital space and ensures the technical durability required, without which the digital space would be compromised. The architecture, operation, operators and what they do under the control of legislators, regulators, judges and legal subjects are therefore examined from a dual technical and legal perspective, in the light of the imperative of sustainability. This allows to progress in 4 stages. Firstly, to examine the permanence in time and space of the domain name system, insofar as it is the foundation of the Internet and the digital system. This technical construction gives rise to legal qualifications, not only for the present but also for the future, since the Web3 offers new technical solutions. Secondly, this technical sustainability is an imperative that is built into the operators of the domain names themselves, which are inter-linked not only at national level but also at global level, this cross-linking being necessary for the security of the system. The State is present through public law techniques that enable surveillance, control and possible recovery. Thirdly, it imposes constraints on the operators subject to them in order to serve this monumental goal of technical sustainability, and these constraints themselves generate as many powers as they need to usefully achieve this mission. This proportionality must be at the heart of the method and the requirements. The relationship between constraints and powers also stems from it. Fourthly, this imperative of technical sustainability, which is global in nature, gives way to imperatives of societal sustainability, more localised in space and time, when domain name operators are called upon by the legitimate authors of binding standards, legislators in the first instance, to express concerns such as the protection of people involved in the digital space and whose rights are compromised or who are in danger. This second type of sustainability, which is more localised and less inherent in the architecture of the Internet, is justified by the available power of the operators concerned and their adherence to social imperatives. The resulting constraints and powers are therefore not the same. The 2 sustainabilities must then be articulated in a conception that is both teleological and pragmatic. - - ► Speakers (they will speak in French, but the book to be published will be in English):  🎤Pierre Bonis, Chief Executive Officer of the Association française pour le nommage Internet en coopération (Afnic) 🎤Lucien Castex, Adviser of the Afnic Chief Executive Officer for Research internet and society and Internet governance 🎤Marie-Anne Frison-Roche, Full Professor of Regulatory and Compliance Law, Director of the Journal of Regulation & Compliance (JoRC) 🎤Claire Leveneur, Senior Lecturer at Paris-Est Créteil University 🎤Grégoire Loiseau, Full Professor at Paris 1 Panthéon-Sorbonne University 🎤Samir Merabet, Full Professor at the University of West Indies 🎤Antoine Oumedjkane, Senior Lecturer at Lille University 🎤Frédéric Sardain, attorney at law, Jeantet law firm - read below a detailed presentation of this event⤵️ - 🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR. Regulation, Compliance, Law 🌐subscribe to the Newsletter Surplomb, par MAFR

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🎬Regulation and Compliance

Organisation of events

🧱⚙️scientific organisation and moderation of 🧮Le rapport de durabilité : obligation et Contentieux Systémiques Émergents (The Sustainability Report: Emerging Systemic Obligation and Litigation), in cycle of conference-debates “Contentieux Systémique Émergent” (“Emerging Systemic Litigation”)

► Full Reference: M.-A. Frison-Roche, Scientific direction of the conference Le rapport de durabilité : obligation et Contentieux Systémiques Émergents (The Sustainability Report: Emerging Systemic Obligations and Litigation), in cycle of conference-debates "Contentieux Systémique Émergent" ("Emerging Systemic Litigation"), organised on the initiative of the Cour d'appel de Paris (Paris Cour of Appeal), with the Cour de cassation (French Court of cassation), the Cour d'appel de Versailles (Versailles Court of Appeal), the École nationale de la magistrature – ENM (French National School for the Judiciary) and the École de formation des barreaux du ressort de la Cour d'appel de Paris – EFB (Paris Bar School) and MAFR, September 19, 2024, 11h-12h30, Cour d'appel de Paris, Cassin courtroom - ► Presentation of the conférence: Sustainability is a new legal concept, the lineaments of which can be found in certain sectors and branches of Law, and which today has both multiple resulting obligations and a definition that is sufficiently unified to allow it to be grasped through the technique and the requirement of the "Sustainability Report", which translates a requirement linked to the systems themselves. The dual materiality mechanism illustrates this. The Litigation that will ensue shall be imbued with this systemic dimension, since this report was required from this perspective, and the notion of Sustainability itself was conceived in the same way. What is commonly referred to as "ESG" reflects this perspective, which is both structural and long-term: Information is central here, since it is a Report, anchored in  the new conception of Corporate Law that is imbued with Governance, where internal and external stakeholders are present. The various Supervisors and Regulators, who go beyond supervising professionals to regulate activities, are also bound to have a role to play in this Emerging Systemic Litigation. In order to understand and anticipate this, this conference is built around an analysis of the construction of the Sustainability Report and an analysis of the role of the Regulatory and Supervisory Authority, the French Audit Authority, the Haute Autorité de l'Audit – H2A. These analyses are carried out with a view to the Systemic Litigation that will arise from these new requirements and practices, in correlation with Litigation linked to other fields of Systemic Litigation such as Vigilance field. - 🧮Programme of this event:  Fith conference-debate LE RAPPORT DE DURABILITÉ : OBLIGATIONS ET CONTENTIEUX SYSTÉMIQUES ÉMERGENTS (THE SUSTAINABILITY REPORT: EMERGING SYSTEMIC OBLIGATIONS AND LITIGATION) Paris Court of Appeal, Cassin courtroom 🕰️11am.-11.10am. 🎤Pourquoi les textes et la pratiques sur le rapport de durabilité vont engendrer un Contentieux Systémique (Why the texts and practices on sustainability reporting will give rise to Systemic Litigation), by 🕴️Marie-Anne Frison-Roche, Professor of Regulatory Law and Compliance Law, Director of the Journal of Regulation & Compliance (JoRC) ➡️read the presentation of this speech 🕰️11.10am.-11.20am. 🎤Élaboration et esprit de la directive CSRD (Elaboration and spirit of the CSRD), by 🕴️Florence Peybernès, President of the Haute Autorité de l'Audit – H2A (French High Audit Authority) 🕰️11.20am.-11.40am. 🎤Comment construire un rapport de durabilité ? (How to build a sustainability report?), by 🕴️Alexis Gazzo, Partner, Climate Change & Sustainability leader, EY France 🕰️11.40am.-12pm. 🎤Le contrôle de l'activité d'audit du rapport de durabilité (The control of the audit of the sustainability report), by 🕴️Florence Peybernès, President of the Haute Autorité de l'Audit – H2A (French High Audit Authority) 🕰️12pm.-12.30pm. Debate - 🔴Registrations and information requests can be sent to: inscriptionscse@gmail.com 🔴For the attorneys, registrations have to be sent to the following address: https://evenium.events/cycle-de-conferences-contentieux-systemique-emergent/  ⚠️The conference-debates are held in person only, in the Cour d’appel de Paris (Paris Court of Appeal). -

Conferences

conference

🎤Pourquoi les textes et la pratiques sur le rapport de durabilité vont engendrer un Contentieux Systémique (Why the texts and practices on sustainability reporting will give rise to Systemic Litigation), in 🧮Le rapport de durabilité : obligation et Contentieux Systémiques Émergents (The Sustainability Report: Emerging Systemic Obligation and Litigation), in cycle of conference-debates “Contentieux Systémique Émergent” (“Emerging Systemic Litigation”)

► Full Reference: M.-A. Frison-Roche, "Pourquoi les textes et la pratiques sur le rapport de durabilité vont engendrer un Contentieux Systémique" ("Why the texts and practices on sustainability reporting will give rise to Systemic Litigation"), in Le rapport de durabilité : obligation et Contentieux Systémiques Émergents (The Sustainability Report: Emerging Systemic Obligation and Litigation), in cycle of conference-debates "Contentieux Systémique Émergent" ("Emerging Systemic Litigation"), organised on the initiative of the Cour d'appel de Paris (Paris Cour of Appeal), with the Cour de cassation (French Court of cassation), the Cour d'appel de Versailles (Versailles Court of Appeal), the École nationale de la magistrature – ENM (French National School for the Judiciary) and the École de formation des barreaux du ressort de la Cour d'appel de Paris – EFB (Paris Bar School), under the scientific direction of Marie-Anne Frison-Roche, September 19, 2024, 11h-12h30, Cour d'appel de Paris, Cassin courtroom - 🧮see the full programme of this event - ► English summary of the conference: Systemic Litigation refers to a specific category whose proposed category in 2021 refers to "cases" brought before the courts, sometimes specialised, sometimes under ordinary law courts: these are cases in which not only are the parties involved in their dispute but also a system is itself involved, with the procedure and the judge having to allow the interests of the system to be taken into consideration. However, what is also the subject of new terminology, namely the "Sustainability Report", reflects the same legal revolution: the company must be able to assess not only its economic and financial performance, which is the subject of accounting, but also its development in terms of what it does externally in terms of ESG and what the outside world does about it. In this perspective, the whole Information System is being transformed, and in different ways depending on the standards adopted, in the United States, Europe or elsewhere, either it is sufficient to obtain Information, no more, so that third parties can adjust their behaviour, mainly investments, or, as in Europe, Law includes a more substantial perspective, so that the company itself adjusts its own behaviour, its Governance, its position in the world, in a renewed relationship with its stakeholders. In Europe, saying and doing are intertwined, CSRD being twinned with CS3D. Moreover, we can therefore consider that non-financial information, through the sustainability report, its assurance of credibility and the regulation of the audit carried out on it, is itself a system. The sustainability report, inside the sustainability system, is then interwoven with other systems, which are themselves the subject of Emerging Systemic Litigation: firstly Vigilance, which has been studied as a field of systemic litigation, and then artificial intelligence field, which has been studied in the same way. The Sustainability Report, insofar as it intersects with the sustainability obligation implied by the duty of Vigilance, may be attracted to the Systemic Litigation to which Vigilance gives rise. In the same way, algorithms can be a tool for data accumulating and matching ESG criteria, which could have the same attraction effect. If this happens, this dimension will have to be present and understood, for example through amici curiae mechanism, in conjunction with the Regulators and the professions concerned. In addition, as in any emerging mechanism, and as we have seen for example in relation to rating agencies, Tort Law may interfere if the liability of either the company or the person who carried out the audit were to be appreciated, the systemic perspective then having to be integrated into the handling of the case, even before the non-specialised judge.   - 🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

Texts

🏛️Directive (EU) of 13 June 2024 on corporate sustainability due diligence (CS3D)

► Full Reference: Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859 (CS3D) - ► read the text of the directive - 📧see on LinkedIn the article published by Marie-Anne Frison-Roche in the Newsletter MAFR. Regulation, Compliance, Law, on the occasion of the publication of this directive in the Official Journal of the European Union -

Conferences

conference

🎤Participation au panel “Une Gouvernance responsable : vers un mieux vivre ensemble ?” (“Responsible corporate governance: towards a better way of living together”), in 🧮Grenelle du Droit 5

► Full Reference: M.-A. Frison-Roche, Participation in the panel "Une Gouvernance responsable : vers un mieux vivre ensemble ?" ("Responsible governance: towards a better way of living together"), in Grenelle du Droit 5. L'avenir de la filière juridique, Association française des juristes d'entreprise ("The future of the legal profession"), AFJE), Cercle Montesquieu and Paris Panthéon-Sorbonne University, Campus Port-Royal Université Paris 1 Panthéon-Sorbonne, 1 rue de la Glacière, 75013 Paris, June 12, 2024 - 🧮See the full programme of this event (in French) - 🎥watch the interview made just after this round-table discussion (in French) - 🪑🪑🪑🪑🪑 will also be taking part in this round-table discussion: 🕴️Yves Garagnon, Chairman of Dilitrust, 🕴️Pierrick Le Goff, lawyer, partner at De Gaulle Fleurance, 🕴️Sabine Lochmann, Chairman of Ascend, 🕴️Vincent Vigneau, President of the Commercial, Economic and Financial Chamber of the Cour de cassation (French Judicial Supreme Court) - ► English presentation of my intervention in this event's opening plenary  round-table: In this plenary round table which opens the event, devoted to the theme of 'responsible corporate governance', for my interventions based on my work I will have the opportunity to address more particularly these different perspectives: How the new Compliance Law, which gives concrete expression to the responsibility of enterprises in a new relationship with States and with civil society, constitutes a 'legal revolution 💡for the record, mafr,📝Compliance Law, 2016 ; (ed.) 📘Compliance Monumental Goals, 2022   how the judgment handed down by the Tribunal judiciaire de Paris (Paris First Instance Civil Court) on 28 February 2023 (Total Ouganda case) is remarkable and already constitutes a turning point in case law 💡for the record, mafr, 🎤audition as amica curiae, hearing of 26 October 2022 before the first instance Paris Court; (ed)📘Compliance Jurisdictionalisation, 2024   how the relationship between States and enterprises is being renewed by this profound legal movement expressed by Compliance Law 💡for the record, mafr et M. Boissavy (ed.), 📕Compliance et droits de la défense – Enquêtes internes, CJIP, CRPC, mafr (dir.), 📘 Compliance Obligation, 2025   how internal lawyers have a decisive and central role to play in this movement, particularly in the mechanism of vigilance / corporate sustainability due diligence, the "cutting edge" of Compliance Law, 💡for the record, mafr, 📝Contract of Compliance, Compliance stipulations, 2023 ; (ed.), 📘Compliance and Contract, 2025   what is meant by the "Ex Ante responsibility" of enterprises, which does not necessarily entail their Ex Post liability, a distinction which lawyers are the guardians of 💡for the record, mafr, 📝La responsabilité Ex Ante, pilier du Droit de la Compliance ("Ex-Ante Responsability, Compliance Law Pillar"), 2021   how European Compliance Law is profoundly humanist, an identity that distinguishes European Compliance from American Compliance and, above all, from Chinese Compliance. 💡for the record, mafr (ed.), 📕Pour une Europe de la Compliance ("For the Europe of the Compliance"), 2017 - read the  article about this round table written by Delphine Bauer in Actu-Juridique (in French) - 🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

Articles in a legal collective publication

article in a collective publication

📝The deployment of Regulatory Law through Compliance Law in the European project

► Full Reference: M.-A. Frison-Roche, "The deployment of Regulatory Law through Compliance Law in the European project", in G. Hardy & F. Picod, Compliance Regulation from a European Perspective, Law and European Affairs (L.E.A.), 2023/2, pp. 345-352. - 🚧read the bilingual Working Paper which is the basis of this article, with additional developments, technical references and hyperlinks  - ► English Summary of the article: Compliance Law is neither a method of obeying regulations, nor a simple neutral method of ensuring the effectiveness of norms, nor a means of enforcement displaced from Ex Post to Ex Ante. It is an extension of Regulatory Law and goes beyond it. Like it, it aims to build spaces according to a political project specific to an area, such as Europe. Branch of Law looking to the future as Regulatory Law does, it constructs and maintains, in a systemic way, sustainable, albeit unstable, balances to achieve the ‘Monumental Goals’ in which its normativity resides: security, sustainability, probity, truth, and dignity. By internalising these Monumental Goals in the companies that are in a position to achieve them, the “crucial companies”, Compliance Law preserves the logic of Regulatory Law, offering it a prodigious expansion since it frees it from the condi- tion of a sector and territorial borders, which seemed tautological, by associating private powers and public will, which remains primary. In this way, Compliance can regulate the digital space and climate issue through political choices made by a sovereign Europe. - 🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law

Breaking news

💬Compliance : les cours suprêmes s’emparent de la question de ses enjeux juridictionnels (Compliance : the Supreme Courts take up the issue of its jurisdictional implications)

🌐follow Marie-Anne Frison-Roche on LinkedIn 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law  - ► Full Reference:  M.-A. Frison-Roche et A. Seban, "Compliance : les cours suprêmes s’emparent de la question de ses enjeux juridictionnels" ("Compliance : the Supreme Courts take up the issue of its jurisdictional implications"), interview with Olivia Dufour, Actu-Juridique, 5 July 2023. - 💬read the interview (in French) - ► Presentation of the interview by the journal (in French): "Le 2 juin dernier s’est tenu au Conseil d’État un colloque fondateur sur le rôle du juge dans la compliance. Le professeur Marie-Anne Frison-Roche et le conseiller d’État Alain Seban, qui ont tout deux contribué aux débats, ont accepté de commenter les principaux enseignements des travaux de cette journée." - ► Questions asked (in French):  Le colloque « De la régulation à la compliance, quel rôle pour les juges » qui s’est tenu au Conseil d’État le 2 juin dernier a rassemblé juges civils et administratifs. En quoi le juge administratif est-il concerné par la compliance qui semble plutôt une affaire d’entreprises et donc de justice civile et commerciale ?  ​Vincent Vigneau, président de la chambre commerciale de la Cour de cassation rappelle que la compliance a plutôt vocation à éviter le juge en se situant ex ante, pourtant on découvre que le juge lui-même accepte de plus en plus de se prononcer en ex ante… qu’en est-il ?  Quel peut donc être le rôle du juge dans la compliance ? Peut-il contribuer à faire émerger un droit de la compliance et à l’harmoniser ?  ​ ​François Ancel semble considérer que le rôle juge va devoir adapter son office à la compliance, il évoque trois concepts : téléologique, soutenabilité et efficacité… Le juge dispose-t-il en l’état de tous les outils nécessaires ? Si tel n’est pas le cas, que faut-il créer ? En quoi le dialogue des juges, civil/administratif, national/européen, national/international, est-il important ? Que veut dire F. Ancel quand il déclare que le juge doit évoluer du constat à la trajectoire ? Existe-t-il des domaines où la compliance entre en conflit avec des principes processuels, par exemple le principe de légalité des peines ? En quoi la notion de « buts monumentaux », que vous avez créée en 2016, a-t-elle trouvé sa place dans le droit ? -

Conferences

🎤Participation in the panel “Vigilance (due diligence)”, in 🧮150th Anniversary Symposium of the ILA/ADI

🌐 follow Marie-Anne Frison-Roche sur LinkedIn 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law  - ► Full Reference: M.-A. Frison-Roche, participation in the panel "Vigilance (due diligence)", in International Law Association (ILA), 150th Anniversary Symposium of the ILA/ADI, Paris, 19 June 2023. - 🧮See the full programme of this event -

Working papers

Working Paper

🚧Vigilance, a piece of the European puzzle

► Full reference: M.-A. Frison-Roche, Vigilance, a piece of the European puzzle, Working Paper, March 2023. - 🎤This Working Paper has been done as was made the  conclusion of the colloquiul La société vigilante ("Vigilant Company") at the Aix-Marseille University on March 24, 2023 (conference given in French)  - 📝It is also the basis of the article that introduces a special issue on La société vigilante - ► Summary of this Working Paper: The contributions form a contrasted whole. It should not be concluded that some of them are correct and others false: through the reading that each one makes of the so-called French 2017 "Vigilance law," it is a vision of the world as it should be that each author proposes. Because Compliance Law, which Vigilance is a part, claims to draw the future, it is normal that each author should draw the present Law with a hand that bends in one direction or the other, following their conception of the future world. The whole contributions must be seen as a dialogue. A lively dialogue, with this French 2017 law receiving a lot of "glory" and a lot of "indignity" on both sides, from which it is necessary to emerge in order to find solutions, because it is a fundamental movement of which this law is only a gateway (I).  Whatever one thinks of it, it is all the branches of law that are used, affected, and transformed by Vigilance (II). To master this profound transformation, we must turn to Europe, to the great puzzle of texts recently adopted or in the process of being adopted in the European Union, of which Vigilance is the hallmark (III). - 🔓read the Working Paper⤵️ - 🌐 follow Marie-Anne Frison-Roche on LinkedIn 🌐follow Marie-Anne Frison-Roche on Instagram 🌐subscribe to the Newsletter MAFR Regulation, Compliance, Law  🌐subscribe to the Video Newsletter MAFR Surplomb

Working papers

🚧Laws, Compliance, Contracts, and Judges: places and alliances

🌐 follow Marie-Anne Frison-Roche on LinkedIn 🌐 subscribe to the Newsletter MAFR Regulation, Compliance, Law  - ► Full Reference: M.-A. Frison-Roche, Laws, Compliance, Contracts, and Judges: places and alliances, Working Paper, March 2023. - . 📝this working paper is the basis for an article published in French (click HERE) in the 📚chronique of Compliance Law held in the Recueil Dalloz. - 📚Read the other articles published by this Compliance Law Chronicle. open since 2018. - ►Summary of this Working Paper: To understand the functioning of compliance systems in the articulation of the legal actors and the legal instruments used, whatever the technical sector considered, it is necessary to put the "law", the "contract" and the "judge" back into the perspective of legitimacy and efficiency regarding what Compliance is.  At the very least, it is a 'conformity' mechanism. In this process of simple obedience, legislators, economic operators, and judges find themselves in the position of having to obey the law in a hierarchical conception. In a more dynamic and ambitious conception, when Compliance Law is not reduced to a more astute method of obedience but draws substantial normativity from the Monumental Goals pursued, legislators and operators enter an alliance. The contract becomes a major instrument, and the Judge becomes a major actor, no longer to punish the non-obedient but to facilitate the links to help a sustainable system.  Faced with issues such as digital, climatic, and technological challenges, where we are each so weak and isolated, we must not limit our conception and practices to the instrument of conformity but choose the substantial Compliance Law, i.e. the alliance of forces, which puts forward the contract and renews the office of the judge, with the Public Authorities remaining legitimate in setting the Monumental Goals since they commit the future of the social group. -   🔓read bellow the developments⤵️

I.1-35: A regulators perspective on the policies of Audit Regulation

ENGLISH The Financial Reporting Council is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment. We set audit standards, conduct audit inspections and run the disciplinary scheme for misconduct. We are responsible for the UK Corporate Governance and Stewardship Codes. ITALIAN Articolo: La prospettiva dei regolatori sulle politiche di regolazione dell’audit Il Financial Reporting Council è l’autorità di regolazione indipendente responsabile della promozione di un corretto governo d’impresa e dell’incoraggiamento degli investimenti nel Regno Unito. Stabiliamo gli standard dell’audit, svolgiamo tutte le operazioni di audit e applichiamo la procedura disciplinare in caso di infrazione. Siamo responsabili del governo d’impresa e dei codici di condotta. SPANISH Artículo: La perspectiva de reguladores en la política de auditas regulatorias.   El “Financial Reporting Council” (FRC – Consejo de Reportaje Financiero) es el regulador independiente británico responsable por asegurar una alta calidad de gobernanza y reportaje corporativo para promover la inversión. Promovemos estándares de auditoría, conducimos inspecciones de auditoría y manejamos el esquema disciplinario para la mala conducta. Somos los responsables para el UK Corporate Governance and Setwardship Codes (la gerencia corporativa británica y los códigos administrativos).     Other translations fortcoming.