Regulatory Compliance

By Kyriakos Christofidis Associate Director, Complyport The recently approved Corporate Sustainability Due Diligence Directive (CSDD3) is a significant step towards enhancing corporate accountability and sustainability. This directive aims to impose strict obligations on large companies to mitigate any adverse impacts on human rights and the … [Read more...] about The European Council Approves the Corporate Sustainability Due Diligence Directive (CSDDD3)

By Herodotos Michael Senior Manager, Authorisations and Regulatory Business Development The European Union (EU) has proposed a transformative directive to modernize the regulatory framework for payment services and electronic money within its Internal Market. This directive, which amends Directive 98/26/EC and repeals Directives 2015/2366/EU … [Read more...] about Analysing the New Directive on Payment Services & Electronic Money Services in the Internal Market (PSD3)

The EBA and ESMA have issued a discussion paper assessing the prudential framework for investment firms, three years after the implementation of the IFR/IFD regime. The paper identifies strengths and weaknesses in the current framework and proposes improvements. Key areas of focus include categorisation of investment firms, conditions for small and … [Read more...] about Review of Investment Firms’ Prudential Framework: EBA Discussion Paper 2024/01

By Thekla Nikolaou Manager, Compliance Support Department With the regulatory framework constantly evolving and becoming more restrictive, staying compliant is a persistent challenge. In a move aimed at bolstering investor protection across the EU, the European Securities and Markets Authority's (ESMA) released this May a report on the 2023 … [Read more...] about Marketing Under the Microscope: Key Insights from ESMA’s Latest Common Supervisory Action & Mystery Shopping Exercise