The EMA submitted representations to the Open Banking Implementation Entity and the Competition and Markets Authority regarding the clarification on the definition of Sweeping for Variable Recurring Payments for Open Banking ecosystem participants
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 responded to the Netherlands Draft Q&A, Sanctions Act screening by crypto service providers.
The EMA submitted a letter to the Home Office Targeted Engagement on draft Economic Crime Legislation.
The EMA responded to the European Banking Authority Consultation Paper EBA/CP/2021/32 On Draft Regulatory Technical Standards amending the Commission Delegated Regulation (EU) 2018/389 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication (RTS on SCA & CSC) regarding the 90 day SCA exemption.
The EMA submitted a response to the European Commission Consultation on Proposal for a Directive on the mechanisms to be put in place by the Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and repealing Directive (EU) 2015/849.