Archive | Consultations

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.

May 5, 2021

EMA letter to Lithuanian Ministry of Finance regarding FATCA and CRS

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.

View the full letter here