What will 2023 bring in financial regulation?

We have compiled a brief summary for you.

1. Crowdfunding

   Existing crowdfunding platforms must apply for a CNB license by 10 November 2023 at the latest.

2. DORA - Cybersecurity in Financial Institutions

   The Digital Operational Resilience Act will be effective from 17 January 2025 and introduces extensive new requirements for the protection and prevention of ICT systems.

3. MiCA - crypto regulation

   MiCA will come into force and will bring new regulation of ICOs or the need to obtain a CNB license for crypto entrepreneurs (crypto exchanges, crypto exchanges, bitcoin ATMs, crypto wallets, …).

4. Payment services - PSD3 and instant payments

   A new PSD3 and a regulation on instant payments are in the pipeline.

5. AML

   An amendment to the AML Act is being prepared which will expand the scope of obliged persons or increase penalties. A new Anti-Money Laundering Authority, the AMLA, is being prepared at EU level.

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