Fintech—Q&A guides

Fintech—Q&A guides

This subtopic provides guidance on supranational and EU regulation of cryptoassets, financial innovations and fintech. The Lexology Getting the Deal Through (GTDT) guides provide up-to-date, trusted and reliable information on key topics of law and regulation in various jurisdictions, based on contributions from thousands of leading practitioners around the world.

This subtopic contains the following guidance:

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Practice Note: EU regulation of cryptoassets focuses on the approach of EU authorities and regulators to the regulation of cryptoassets and considers the approach taken by supranational

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COP29 round-up—20 November 2024 (Urbanisation, Transport and Tourism)

On 20 November 2024, the tenth day of the 29th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP29) focused on urbanisation, transport, and tourism, marking the first time the COP Presidency dedicated a day to tourism. The Presidency Stocktaking Plenary discussed several topics, including the new collective quantified goal on climate finance (NCQG). In addition, the UN Climate Change Executive Secretary, Simon Stiell, delivered a speech on nationally determined contributions (NDCs), and the COP29 Presidency launched declarations on tourism and urban resilience.

ESMA seeks input on active account requirement under EMIR 3

The European Securities and Markets Authority (ESMA) has published a consultation paper on the conditions of the active account requirement (AAR) following the review of the European Market Infrastructure Regulation (EMIR 3). The AAR mandates that EU counterparties active in specific derivatives maintain an operational and representative account with an EU-authorised central counterparty. Responses are sought by 27 January 2025, with ESMA aiming to submit final draft regulatory technical standards (RTS) within six months of EMIR 3's enactment. ESMA plans to organise a public hearing on 20 January 2025.

ESAs publish joint guidelines on information exchange for fit and proper assessments

The three European Supervisory Authorities (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—ESAs) have published their joint guidelines for establishing a system to facilitate the exchange of information relevant to assessing the fitness and propriety of holders of qualifying holdings, directors and key function holders at financial institutions by competent authorities in accordance with the legislative acts referred to in Articles 1(2) of Regulation (EU) 1093/2010, Regulation (EU) 1094/2010 and Regulation (EU) 1095/2010 (the ESA’s Founding Regulations).

CMU: Council adopts EMIR 3 and amending Directive on treatment of CCP concentration risk

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