The ex-post evaluation of PSD2 led the European Commission to propose legislative changes aimed at improving its functioning on June 28, 2023. Two new proposals have been presented: a directive
From PSD2 to PSD3: tackling payment fraud
Retail Investment Strategy (“RIS”): Reconciling Investor Protection and Intermediary Remuneration
Within the European Union, several legal instruments regulate the protection of investments (MiFID II, IDD, PRIIPs, UCITS, and the AIFM Directive). While this legal framework aims to harmonize standards and
The ACPR presents its work program for 2025
On January 20, 2025, the Autorité de Contrôle Prudentiel et de Résolution (ACPR) unveiled its work program for 2025. The ACPR’s 2025 roadmap is based on: the assessment of risks
Focus on the AMF’s control priorities for 2025
At the beginning of each year, during the presentation of her New Year’s wishes to the press, the President of the Financial Markets Authority (AMF) unveils the latter’s new priorities
Boosting the Paris financial center’s attractivity by diversifying and simplifying formalities for business financing
After 3 months of parliamentary debates, law no. 2024-537 aimed at increasing business financing and France’s attractiveness as a financial center was adopted on June 13, 2024 (the “Attractiveness Law”).
MiCA Regulation: licensing applications as Crypto-Asset Service Providers are now open with the AMF
Regulation (EU) 2023/1114 of 31 May 2023, known as the MiCA Regulation, which establishes the legal framework for crypto-asset services (previously referred to under French law as digital assets –
New European Anti-Money Laundering Authority: what are the expected impacts on the financial sector?
Located in Frankfurt, the new European Authority for Anti-Money laundering and Countering the Financing of Terrorism (AMLA) is due to start its first supervisory and sanctioning missions by mid-2025, except
The European Union suggests strengthening the harmonization of the AML/CFT legal framework
Since the early 1990s, the European Union (hereinafter referred to as the “EU“) has implemented a framework for combating money laundering and terrorist financing (hereinafter “AML/CFT“), which has been tested
The AMF unveils its action plan and priorities for 2024
On 18 January 2024, the Authority of Financial Markets (AMF) unveiled its action plan and supervisory priorities for 2024 (including its new SPOT control priorities). This regular meeting, which is
The Ordinance on Credit Servicers and Purchasers introduces a new regulated profession at the service of banks and borrowers
For credit institutions, the management and restructuring of their non-performing loans (“NPLs”) and the possibility to sell these NPLs are essential to preserve financial stability, by reducing their balance sheets