Regulatory Alerts2020-10-01
Added · Updated
Digital Finance Package
The European Commission issued a Digital Finance Package comprising a Digital Finance Strategy, a Retail Payments Strategy, and legislative proposals on crypto-assets and digital operational resilience. The package outlines plans to harmonize customer onboarding rules, establish an interoperable cross-border framework for digital identities, and propose legislation for a new open finance framework by mid-2022. It includes proposals for a comprehensive regulatory framework for crypto-assets (MiCA) covering stablecoins and a pilot regime for distributed ledger technology market infrastructures. Additionally, it introduces legislative proposals to ensure financial entities have safeguards against ICT risks through requirements on governance, incident reporting, and third-party risk management.
More like this from MFSA
MFSA published 5 documents in the last 30 days. We email you each new one the day it's published.