EU Space Act (proposed European space regulation)

Each European state currently licenses its own space operations under its own law, so an operator can choose its regime, and requirements on debris, cybersecurity or collision avoidance differ from country to country. The Commission's proposal sets a common floor: object tracking, collision avoidance and end-of-life plans, cyber risk management modeled on the NIS2 directive, and an environmental footprint assessment. It also covers foreign operators that serve the European market, which makes it a policy instrument as much as a technical standard. For the underwriter, common requirements make debris risk and cyber risk more comparable from one insured to the next; until the text is adopted, they remain an intention.