‘Stop the Clock’ proposal of Omnibus 1: Approval by the EU Council

On 14 April 2025, the EU Council approved a text on the so-called ‘Stop the Clock’ proposal, after the EU Parliament had already approved it on 3 April 2025. This means that the EU Directive can be published in the EU Official Journal. The EU member states have until 31 December 2025 to transpose the EU directive into national law.

Background:

On 26 February 2025, the European Commission issued the first package of proposals for reducing the administrative burden on entities. The subject of these proposals is, in particular, the so-called ‘Omnibus 1’ for amending the Accounting Directive, the CSRD and the CSDDD as well as the Audit Directive. The proposal to postpone the effective date of the CSRD and the CSDDD (‘Stop-the-Clock’ proposal) was formally submitted separately.