In order to increase the use of instant credit transfers in euros at Union level, the EU legislators have amended Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct...more
Payment service providers (PSPs) face a constant challenge to ensure the security of transactions carried out by their customers. The PSD2 Directive introduced standard rules and criteria for this purpose, but there is a...more
Although the Regulation of the European Parliament and of the Council (EU) 2023/1114 of 31 May 2023 on crypto-assets markets (the MiCAR) was published in June 2023, the work on laws implementing it in Poland is still in...more
9/4/2024
/ Asset Freeze ,
Banking Sector ,
Capital Markets ,
Cryptoassets ,
Cryptocurrency ,
EU ,
Fees ,
Financial Institutions ,
FinTech ,
New Legislation ,
New Rules ,
Poland ,
Regulatory Oversight
The EU has published its AML Package in the Official Journal of the EU. Here we explore the key changes introduced in the package, what they mean for EU member states – and how they will impact businesses...more
Last month the Polish government published a draft act on crypto-assets (the Draft Act) that aims to align the national legal framework with the EU regulation on crypto-assets. The Draft Act transposes the provisions of the...more
Entities from the capital market sector often rely on social media as a key communication channel. However, they still have to follow the same regulatory requirements for information exchange and customer acquisition as they...more
In our annual financial services Horizon Scanning webinar, our regulatory team provided an overview of upcoming and expected changes for UK firms.
Partners from our UK team considered regulatory updates on the horizon for...more
In recent years, there has been an increased interest in Poland in the services of so-called "family offices", ie private wealth management.
Undoubtedly, the demand for such services has grown with the increased affluence...more
Artificial Intelligence (AI) generative models (such as GPT3 and GPT4) are powerful tools that can create realistic and diverse content, such as images, text, audio, and video, from data or latent variables. However, as these...more
The Polish Financial Supervision Authority (the PFSA) has announced the so-called SIP (the Supervisory Impulses Package for the security and development of banks) aimed at supporting the banking sector facing the Covid-19...more