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EMA responses to ESAs first batch of DORA policy products

September 12, 2023 in Consultations, EMA publications, Publications and events

The EMA submitted response to four ESA CPs on DORA policy products.

Read the responses here:

EMA response to DORA RTS to further harmonise ICT risk management tools, methods, processes and policies

EMA response to DORA RTS specifying the criteria for the classification of ICT related incidents, materiality thresholds for major incidents and significant cyber threats

EMA response to DORA RTS specifying the content of the policy relating to the contractual arrangements on the use of ICT services supporting critical or important functions provided by ICT third-party services

EMA response to DORA ITS to establish the templates composing the register of information in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers

Joint industry press release on AMLR regarding low-value gift cards

September 7, 2023 in Consultations, EMA publications, Publications and events

An industry association coalition of electronic money issuers, distributors, and retailers strongly calls on the European Parliament and the Council to keep the use of popular and everyday low-value, low risk e-money products such as e-money gift cards and vouchers and to abstain from introducing a mandatory customer identification for such products.

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Joint industry Call to Action on CDD exemption

March 28, 2023 in Consultations, EMA publications, Publications and events

The EMA co-signed a Call to Action to safeguard the Customer Due Diligence exemption for low-risk, low-value e-money products in the upcoming AML Regulation. The letter encourages the European Parliament to take onboard the industry concerns and remove the limitation to „a single Member State“ as well as the reference to a “direct commercial agreement with a professional issuer” in the further legislative procedure.

Read the letter here