On 14 March 2025, there was published in the Official Journal of the EU (OJ):
On 26 February 2025, the European Commission (Commission) adopted an Omnibus Sustainability package and an Omnibus Investment package.
The Commission’s work programme, published on 11 February 2025, announced a first series of “Omnibus” packages intended to address overlapping, unnecessary or disproportionate rules that are creating unnecessary burden for EU businesses. The
On 26 February 2025, the European Securities and Markets Authority (ESMA) published the official translations of the following guidelines relating to the Markets in crypto assets Regulation (MiCA):
On 17 February 2025, the European Securities and Markets Authority (ESMA) issued a consultation paper containing draft guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto Assets Regulation (MiCA).
Background
Article 81(15) of MiCA provides for ESMA to issue guidelines specifying the criteria for
In this latest episode of our podcast series, Split the Difference, Hannah Meakin, Floortje Nagelkerke, Anna Carrier, Lucy Dodson and Simon Lovegrove look ahead at some of the key regulatory topics impacting institutions in the markets space in both the UK and the EU during 2025.
The podcast is here.
Introduction
On 12 December 2024, the European co-legislators and the European Commission (Commission) reached an agreement in trilogue negotiations on the amendments to the EU Benchmarks Regulation (EU BMR). By way of background, the Commission published proposed amendments to the EU BMR in October 2023 (see our note), with the
On 22 January 2025, the European Supervisory Authorities (ESAs) published guidance prepared by the European Commission (Commission) on the definition of ICT services under the Digital Operational Resilience Act (DORA). The guidance was eagerly awaited by the European financial services industry subject to DORA’s requirements, seeking clarity on the
On 17 January 2025, the European Securities and Markets Authority (ESMA) issued a statement which provides guidance on how and under which timeline crypto-asset service providers (CASPs) are expected to comply with the requirements of Titles III and IV of the Regulation on markets in crypto-assets (MiCAR). In particular
On 17 January 2025, the European Supervisory Authorities (ESAs) issued a report on the feasibility of further centralisation in the reporting of major ICT-related incidents by financial entities according to Article 21 of the Digital Operational Resilience Act (DORA).
Article 21 DORA requires that the ESAs prepare a joint report assessing
DORA is now live, without any transitional provision.
A wide range of rules applicable for managing ICT risks, including risks linked to ICT third-party service providers, applies from today. DORA applies to nearly all financial entities in the EU, with very few exemptions for smaller institutions. For the first time, it also covers major unregulated