The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.
The EMA submitted a response to the Central Bank of Ireland Strategic Plan 2022-2024.
The EMA sent a letter to the Lithuanian Ministry of Finance regarding FATCA and CRS.
The EMA would like to raise three issues of concern in relation to implementation of the CRS and FATCA in Lithuania, specifically the scope of the law as it applies to Electronic Money Institutions (“EMIs”), Payment Institutions (“PIs”), and electronic money (“e-money”) and unregulated payment products issued by Credit Institutions (“CIs”), which we consider to be out of scope of the CRS and FATCA.
The EMA responded to the European Commission review of VAT rules for financial and insurance services.
The EMA submitted a response to the FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers (VASPs).