European Union Member States are bound by the body of EU law through a number of instruments, including EU regulations, EU directives, and the decisions, recommendations and opinions of various EU institutions, such as the European Parliament, the European Central Bank, or the EU Court of Justice. This in turn means that the people, companies, charities, and all other legal entities of an EU member state are also subject to EU law.

in the current scenario, the client is concerned with the provisions of the EU Directive 95/2014. A Directive (issued by the EU Parliament, Council or Commission) requires an EU country to achieve a certain result, but it leaves the member state free to choose how they would carry out such.

The Directive sets out an objective to be achieved by the state, and they must incorporate (or "transpose") the means of achieving this into national law within a certain time-period (normally two years). The member state will also be required to report back to the EU Commission on the measures adopted.[1] The use of "95/2014" in the name of our EU Directive means that it the 95th EU Directive issued in 2014.

You join the meeting with Vai Veloce (European Client, leading manufacturer of sports apparel which is publicly listed on the Borsa Italiana, the Italian Stock Exchange) and they ask some questions about the Directive.

The first question they ask is: Why do you think the EU has issued this Directive - what are the principles they are trying to promote and codify?"