The EMA co-signed a joint industry letter to the European Commission, conveying our continued support for the proposed Regulation on Financial Data Access and to propose some targeted adjustments to the proposed FIDA regulation.
Joint EU FinTech industry letter on FIDA – a proposed way forward from EU FinTechs Read More »
The EMA submitted a position paper to the European Commission on the Markets in Crypto-Assets Regulation (MiCAR) interim report they are preparing for 30 June 2025.
EMA input for European Commission’s interim report on MiCAR Read More »
The EMA responded to the UK Payment Systems Regulator CP24/14 Market review of UK-EEA consumer cross-border interchange fees: Stage 1 remedy consultation.
EMA response to PSR CP on Cross Border Interchange Fees Consultation – Stage 1 remedies Read More »
The EMA co-signed a joint industry letter to ESMA and the European Commission on the authorisation process for Crypto Asset Service Providers (CASPs) under MiCA.
The letter addresses concerns over regulatory delays, inconsistent transitional measures, and potential service disruptions. It calls for harmonised authorisation requirements, extended transitional periods, and supervisory flexibility to ensure a smooth implementation of the MiCA framework, safeguarding consumer access and market stability.
Joint industry letter to ESMA and EU Commission on Authorisation Process for CASPs Read More »
The EMA co-signed an industry letter to the European Commission addressing challenges in implementing the Council Directive (EU) 2020/284 of 18 February 2020, amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers (CESOP Directive) and the associated mitigation measures.
The letter emphasises the need for streamlined registration processes, harmonised requirements across Member States, and a one-stop-shop reporting system. It also advocates for a moratorium on penalties during the initial compliance period, ensuring smoother adoption of CESOP reporting requirements.
Joint industry letter to the Commission on CESOP Read More »
The EMA co-signed a joint industry letter to the European Central Bank expressing concerns over the Eurosystem policy on non-bank PSP access to central bank-operated payment systems and accounts. The letter advocates for a calibrated approach to safeguarding funds with central banks, addressing economic barriers to direct participation, and extending transitional periods to ensure business continuity and maintain competition in the financial services sector.
Joint industry letter on Eurosystem policy statement on non-bank PSP access Read More »
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.
The EMA co-signed a joint industry letter on virtual IBANs:
The EU digital payment industry urges Member States to reconsider the Belgian Presidency proposal to assimilate virtual IBANs to traditional IBANs, and to mandate payment service providers to open a payment account with a credit institution in each Member State they operate in. The result will be to materially reduce the ability of payment service providers operating cross-border to help consumers and merchants manage their payments and overcome IBAN discrimination. More evidence is needed on the risks implied by virtual IBANs, and the potential risk mitigation measures should be assessed against their impact on competition, innovation and consumer choice in the EEA.
Industry Call To Reconsider Approach On Virtual IBANs Read More »
