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ARTICLE · 13 OCTOBER 2020

Financial Services And Fintech Updates (10/10/20)

GTG Legal
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The MFSA has issued a circular on the European Commission's Digital Finance Package which includes:

MaltaTechnology
Ian Gauci
Ian Gauci

MALTA FINANCIAL SERVICES AUTHORITY (MFSA) UPDATES

The European Commission's Digital Finance Package

The MFSA has issued a circular on the European Commission's Digital Finance Package which includes:

  1. A Digital Finance Strategy
  2. A Retail Payments Strategy
  3. Legislative proposals on crypto-assets; and
  4. Legislative proposals on digital operational resilience

The Commission's Digital Finance Strategy establishes how the EU will go on to aid the digitisation of financial services in the coming years. The strategy's four key concentrations comprise in:

  1. Removing the fragmentation in the 'Digital Single Market'
  2. Adapting the EU regulatory framework to facilitate digital innovation

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