On 15 October 2024, the European Supervisory Authorities (ESAs) issued an opinion regarding the European Commission’s (EC) rejection of the draft Implementing Technical Standards (the Draft ITS) for the register of information under the Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). DORA requires financial entities to maintain and
On 22 August 2024, the Dutch Central Bank (De Nederlandsche Bank, DNB) published guidelines on the information register required under the EU’s Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). According to DORA, financial entities must maintain a register of all contractual agreements with ICT third-party service providers. This register is essential
De Nederlandsche Bank (DNB) and the Authority for the Financial Markets (AFM) have published a joint report regarding the impact of the use of artificial intelligence (AI) in the financial sector and regulatory oversight. This underscores the growing importance of AI in the financial sector and the regulatory authorities’
On 7 March 2024, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published its third update on the European Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). This update focuses on the requirements concerning the ICT risk management framework. The update is available via this link.
On 15 February 2024, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) has confirmed that market participants will be able to submit an application for a CASP licence or notification to the AFM as of 22 April 2024. If approved, the licences or notifications will take effect from
On 22 January 2024, a draft Decree implementing the Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114, MiCAR) and the Transfer of Funds Regulation (Regulation (EU) 2023/1113, TFR) was published for consultation (the Implementation Decree). Market parties are invited to respond to the draft Implementation Decree by 19 February 2024.
Regarding MiCAR, the
On 16 November 2023, the International Organization of Securities Commissions (IOSCO) published a final report containing policy recommendations for the regulation of crypto and digital assets. The recommendations are principles-based and outcomes-focused and are aimed at the activities performed by crypto-asset service providers (CASPs). In line with IOSCO’s established approach for
On 16 November 2023, the International Organization of Securities Commissions (IOSCO) published a final report containing policy recommendations for the regulation of crypto and digital assets. The recommendations are principles-based and outcomes-focused and are aimed at the activities performed by crypto-asset service providers (CASPs). In line with IOSCO’s established approach for
On 5 October 2023, the European Securities and Markets Authority (ESMA) published its second consultation paper on technical standards under the Regulation on Markets in Crypto-Assets (MiCA). Consultation on the first package concluded in September 2023 (please see our earlier blog for additional background).
This second consultation package covers six draft
On 29 September 2023, the European Banking Authority (EBA) published Technical Advice on two delegated acts that the European Commission (Commission) is mandated to develop under the Regulation on Markets in Crypto-Assets (MiCA). These include a delegated act on the most relevant indicators in relation to specific criteria for determining