On 28 November 2024, Commission Implementing Regulation (EU) 2024/2902, which lays down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council (MiCAR) with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official
Fintech
Published in OJ – MiCAR ITS on standard forms, templates and procedures for cooperation and information exchange between competent authorities
On 27 November 2024, Commission Implementing Regulation (EU) 2024/2545 of 24 September 2024, which lays down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council (MiCAR) with regard to standard forms, templates and procedures for the cooperation and exchange of information between competent…
Webinar | The impact of global financial services regulation on tokenization
Join our panel of lawyers from Asia, Dubai, Europe, London and the US who will explore the key regulatory developments, issues and considerations and examine some real-world case studies.
IOSCO unveils new roadmap to enhance retail investor online safety
On 19 November 2024, the International Organization of Securities Commissions (IOSCO) issued a new roadmap to enhance retail investor online safety.
The first wave of the roadmap comprises of three consultation reports:
- Consultation report on Finfluencers. The consultation report explores the evolving landscape of finfluencers, the associated potential benefits and risks, and
ESAs announce timeline to collect information for the designation of critical ICT third-party service providers under DORA
On 15 November 2024, the European Supervisory Authorities issued a Decision on the information that Member State competent authorities (NCAs) must report to them for the designation of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA). In particular, the Decision requires NCAs to report by 30 April…
FSB report on global stability implications of AI
On 14 November 2024, the Financial Stability Board (FSB) issued a report on the financial stability implications of artificial intelligence (AI).
High-level overview
The report provides a high-level overview of recent developments in AI, along with an assessment of their potential financial stability implications. It revisits the 2017 FSB report on…
ESAs joint guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under DORA
On 6 November 2024, the Joint Committee of the European Supervisory Authorities (ESAs) published joint guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under the Regulation on digital operational resilience for the financial sector (DORA).
The ESAs issue these guidelines on the basis of…
Commission adopts MiCAR Delegated Regulations
On 4 November 2024, the European Commission adopted the following Delegated Regulations supplementing the Regulation in markets in cryptoassets (MiCAR):
Delegated Regulation supplementing DORA as regards RTS on harmonisation of conditions enabling the conduct of the oversight activities
On 24 October 2024, the European Commission adopted a Delegated Regulation supplementing the Regulation on digital operational resilience for the financial sector (DORA) with regard to regulatory technical standards (RTS) on harmonisation of conditions enabling the conduct of the oversight activities.
The European Supervisory Authorities issued the draft RTS as part…
Commission adopts RTS and ITS on notifications and reports of major ICT-related incidents and cyber threats under DORA
On 23 October 2024, the European Commission adopted:
- Commission Delegated Regulation (EU) supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards (RTS) specifying the content and time limits for the initial notification of, and intermediate and final report on, major ICT-related incidents, and the