On 4 July 2025, the European Commission (Commission) adopted a Delegated Regulation amending Commission Delegated Regulation (EU) 2021/2178 as regards the simplification of the content and presentation of information to be disclosed concerning environmentally sustainable activities and Commission Delegated Regulations (EU) 2021/2139 and (EU) 2023/2486 as regards simplification of certain technical screening criteria
ESAs sign MoU with AMLA
On 3 July 2025, the European Supervisory Authorities announced that they had concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.
Article 91 of the Regulation
ECB and AMLA sign agreement on cooperation
On 3 July 2025, the European Central Bank (ECB) announced that it had signed a Memorandum of Understanding (MoU) with the European Anti-Money Laundering Authority (AMLA).
The MoU has been concluded as part of the new EU anti-money laundering package and fulfils the legal requirement under Article 92(3) of
AFM flags points of attention for light AIFMs
On 30 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued a sector letter addressed to alternative investment fund managers (AIFMs) operating under the so-called ‘light’ regime. These light AIFMs are exempt from the licensing requirement under the EU Alternative Investment Fund Managers Directive
EBA technical advice on a possible Delegated Act on fees for the validation of pro forma models under EMIR
On 30 June 2025, the European Banking Authority (EBA) published a Final Report containing technical advice on a possible Delegated Act on fees for the validation of pro forma models.
Background
Regulation (EU) 2024/2987 amending the European Market Infrastructure Regulation (EMIR) grants the EBA certain additional tasks on models used by
Published in OJ – Corrigendum to Regulation (EU) 2024/2987
On 27 June 2025, there was published in the Official Journal of the EU a Corrigendum to Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to mitigate excessive exposures to third-country central counterparties and
MiCA – Draft RTS specifying the minimum contents of the liquidity management policy and procedures
On 27 June 2025, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in crypto assets (MiCA) with regard to regulatory technical standards (RTS) specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens.
The provisions in the
ESMA suggests amendments to DLT Pilot regime
On 25 June 2025, the European Securities and Markets Authority (ESMA) issued a report on the Distributed Ledger Technology Pilot Regime (DLT Pilot Regime).
Background
The report has been prepared in accordance with Article 14 of Regulation (EU) 2022/858 on a Pilot Regime for Market Infrastructures based on Distributed Ledger Technology
ESMA publishes first CCP resolution briefing
On 25 June 2025, the European Securities and Markets Authority (ESMA) published its first central counterparty (CCP) resolution briefing.
The briefings are intended to provide a methodology that national resolution authorities (NRAs) may consider when drawing resolution plans for CCPs. They are not subject to any ‘comply or
Final compromise text on proposed Regulation shortening the settlement cycle under CSDR
On 23 June 2025, the Council of the EU published the final compromise text of the proposed Regulation amending the Central Securities Depositories Regulation as regards a shorter settlement cycle in the Union. The proposed Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU and applies