AMLA – The EU’s new anti-money laundering authority
The Anti-Money Laundering Authority (AMLA) will gradually become operational from mid-2025. Direct supervision of a certain group of…
BaFin and the Finfluencers – Part 2
In an update to its guidance note on the concept of investment advice, BaFin confirms that finfluencers generally…
Revision of MaComp – BT 5 and BT 7.1 to adopt the ESMA guidelines
The regulatory requirements relating to compliance are governed in particular by BaFin’s MaComp (minimum requirements for the compliance…
BaFin Update: New Requirements in Circular 08/2023 for ZAG Institutions
ZAG institutions take note! BaFin has updated its Circular 08/2023 on the monitoring and governance of banking products…
Material legal framework that payment service providers in the area of regulatory law need to know
We already provided you with overviews of the material legal provisions that are relevant for payment service providers…
Video identification: Draft regulation of the Federal Ministry of Finance
On 18 April 2024, the Federal Ministry of Finance (BMF) published the draft of an ordinance on money…
One-way street FiDA – why well-intentioned is not well done
With its proposal for a regulation on a framework for access to financial data (Financial Data Access –…
Online again: BaFin register of notified LNE exemptions
Here at PayTechLaw, we have always dealt with the PSD2-exceptions for limited networks and limited product ranges. Those…
ESA’s Final Report: SFDR RTS 2.0
Introduction The European Union wants to achieve net-zero CO2 emissions by 2050 – among other things with the…
DORA takes shape – first package of final RTS/ITS to DORA published
EU regulators have published the final versions of an initial set of four technical standards for operational resilience…
“Fully” decentralised DeFi under MiCAR
The Markets in Crypto-Assets Regulation (MiCAR) excludes crypto-asset services that are provided in a fully decentralised manner without…
The EU Commission’s proposals for PSD3 and PSR – Limited Network and Limited Range
On 28.6.2023, the EU Commission presented proposals for a Payment Services Directive (“PSD3“) and a Payment Services Regulation…
The EU Commission’s proposal for PSD3 and PSR – a first overview
On 28 June 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3“) and a…
The new EU payment service regulation – Kick-off of our PSD3 series
On June 23, 2023, the European Commission published drafts for no less than three regulations and one directive…