Author name: Bara Addison

Joint industry letter on the application of PSD2 provisions to a various EMT transactions

The EMA co-signed a joint industry letter addressing the application of PSD2 provisions to electronic money token (EMT) transactions. The letter urges the European Commission to distinguish between EMT-related activities, such as custody and trading, and regulated payment transactions under PSD2. It advocates for pragmatic regulatory approaches, extensions of compliance timelines, and ongoing engagement to ensure an appropriate framework for EMT operations across the EU.

Read the full letter here

Joint industry letter on the application of PSD2 provisions to a various EMT transactions Read More »

DORA implementation for e-money and payment service providers

The EMA is launching a working group on digital operational resilience for e-money issuers and payment service providers (“DORA 2024“).

The DORA regulation, directive and numerous RTS, ITS and guidelines will apply from January 2025. We will be working together to implement DORA within the EMI and PI business and be ready for this deadline. 

DORA 2024 working group sessions form part of the EMA’s compliance support track for members and will be purely practical in nature. Documents, checklists, templates etc. will be provided to attendees. 

…

DORA implementation for e-money and payment service providersRead More »

DORA implementation for e-money and payment service providers Read More »