AMLR draft RTS: AMLA closes consultations
Since its entry into force on 9 July 2024, Regulation (EU) 2024/1624 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “AMLR”) forms the cornerstone of the new EU AML/CFT framework, which will become fully applicable as of 10 July 2027. On 9 February […]
Empowering the European retail investor: unveiling the EU Commission’s new proposal for financial trust and transparency
The EU Commission recently published a draft proposal for a new omnibus directive, aiming at reinforcing and harmonising retail investor protection across the entire spectrum of financial services. Scope of application – Who’s affected? As an “omnibus directive”, the proposal is intended to affect several key pieces of EU legislation such as MiFID II, IDD, […]