EMA response to UK 4MLD Implementation consultation
The EMA responded to the HM Treasury Consultation on the transposition of 4MLD on 10 November 2016.
EMA response to UK 4MLD Implementation consultation Read More »
The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.
The EMA responded to the HM Treasury Consultation on the transposition of 4MLD on 10 November 2016.
EMA response to UK 4MLD Implementation consultation Read More »
The EMA submitted a response to EBA’s consultation 2016/11 on Regulatory Technical Standards on strong customer authentication and secure communication under PSD2 on 12 October 2016.
EMA response to EBA RTS on SCA and Secure Communication Read More »
The EMA responded to the EBA Consultation EBA-CP-2016-11 on RTS specifying the requirements on strong customer authentication and common and secure communication under PSD2 on 12 October 2016.
EMA response to EBA RTS on SCA and Secure Communication Read More »
The EMA submitted a response to the Spanish Ministry of Finance Consultation on the implementation of 4MLD on 11 October 2016.
EMA letter to Spain on 4MLD Read More »
The EMA submitted a letter to the Italian Ministry of Finance on the national implementation of 4MLD on 11 October 2016.
EMA letter to Italy on 4MLD Read More »
The EMA submitted a letter to follow-up from the European Commission Supranational Risk Assessment on money laundering and terrorist financing (SNRA) Private Sector Consultation Meeting on 4 October 2016.
EMA response to SNRA Read More »
EMA comments on 4MLD implementation in Latvia
We set out our position on the implementation of customer due diligence and local point of contact provisions in 4MLD in a letter sent to the Latvian Ministry of Finance on 27 September.
The letter made a number of comments similar to those set out in previous responses to other EEA member states. These included:
Read full letter here.
EMA comments on 4MLD implementation in Latvia Read More »
EMA response to Austrian consultation on 4MLD
We submitted a letter to the Austrian Ministry of Finance on 27 September, welcoming their proposals to no longer include EMIs passporting into Austria on a cross-border basis within the scope of the AML laws.
Although the draft law included the SDD provisions set out in Article 15, it did include the Article 12 e-money exemption. In setting out our arguments, we urged the regulator to consider implementing the exemption.
Regarding the requirement for a local point of contact, we provided arguments similar to those in previous EMA responses to member states’ 4MLD consultations, highlighting that the exchange of information can be facilitated effectively without imposing such a requirement.
The full response can be found here.
EMA response to Austrian consultation on 4MLD Read More »
The EMA submitted a letter to the Austrian Ministry of Finance on the implementation of 4MLD in Finanzmarkt-Geldwäschegesetz – FM-GwG on 27 September 2016.
EMA response to Austria 4MLD consultation Read More »