Duncan ScottThe European Parliament’s Committee on Economic and Monetary Affairs has published a draft report setting out proposed changes to a range of existing legislation to ensure alignment with the regulation on digital operational resilience for the financial sector which will form part of the Digital Finance Package.
The changes affect the original capital requirements directive (Directive 2013/36/EU), the bank recovery and resolution directive (Directive 2014/59/EU), PSD2 and the AMLD.
Changes are also proposed to the MiFID directive to provide legal
certainty as regards the definition of crypto assets and to establish a temporary exemption allowing natural persons to participate in the pilot regime for a distributed ledger technology multilateral trading facility, under certain conditions.