Financial services regulation trackers

This subtopic contains EU financial services regulation trackers:

  1. Checklist: Alternative Investment Fund Managers Directive (AIFMD)—timeline shows the implementation of AIFMD since 2009

  2. Checklist Bank Recovery and Resolution Directive (BRRD)—timeline shows the developments and implementation history of the EU BRRD

  3. Checklist Benchmarks Regulation—timeline outlines the key developments in relation to the EU Benchmarks Regulation

  4. Checklist Capital Requirements Directive IV (CRD IV) and Capital Requirements Regulation (CRR)—timeline outlines the key developments relating to EU CRD IV and the EU CRR. The EU’s package of prudential measures, the Capital Requirements Directive IV (Directive 2013/36/EU) (EU CRD IV) and the Capital Requirements Regulation (EU) 575/2013 (EU CRR) (also known collectively as EU CRD IV), implemented the global capital adequacy framework, Basel III, in the EU. Most of its provisions became effective on 1 January 2014, except for certain provisions specified in Article 521 of the EU CRR. As EU CRD IV combined a directive and a regulation, elements of the requirements were directly applicable in EU Member States and others required national implementation

  5. Checklist Central Securities Depositories Regulation (CSDR)—timeline outlines the

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Commission launches consultation to revise the EU Cybersecurity Act and strengthen the EU cybersecurity framework

The European Commission launched a call for evidence to support the preparation of a legislative proposal to revise the EU Cybersecurity Act. The initiative aims to strengthen EU cyber resilience, update the mandate of the EU Agency for Cybersecurity (ENISA) and improve the effectiveness of the European Cybersecurity Certification Framework. The Commission noted that the cybersecurity landscape has become significantly more complex and threat‑intensive since the Act’s adoption in 2019, while subsequent EU legislation has expanded ENISA’s tasks beyond its original mandate, creating the need to streamline, simplify and supplement the existing framework to ensure coherence, reduce administrative burdens and improve implementation for businesses and users. The initiative focuses on measures to support a secure and resilient Information and Communication Technology supply chain and the EU cybersecurity industrial base, addresses shortcomings in the certification framework such as slow adoption, unclear roles, limited agility and insufficient clarity on covered risks, including non‑technical factors, and considers alignment with newer instruments such as the Cyber Resilience Act. The Commission outlined policy options ranging from non‑legislative measures to targeted or comprehensive regulatory revision, stating that EU‑level action is required to prevent internal market fragmentation and to secure long‑term economic and social benefits through greater harmonisation, stronger cybersecurity and resilience, more efficient incident response and enhanced protection of fundamental rights, including personal data. The call for evidence will run until 20 June 2025.

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