Key Updates and Deadlines April 2025
A quick summary of recent publications, consultations or any other relevant NCAs & ESAs initiatives including enforcement actions in the EU, the UK and Switzerland:
April 2025
- 07.04.2025: ESMA fines a Credit Rating agency for misleadingly using ESMA name in relation to its activities
- 07.04.2025: FCA publishes the HM Treasury Call for Input for reforming rules applying to AIFMs to support growth. It closes on 9 June 2025.
- 07.04.2025: AMF adopts the EBA Guidelines EBA/GL/2024/14 & 15 on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures. It applies to financial institutions and CASPs – DOC-2025-02
- 04.04.2025: CSSF fines Allianz Global, Luxembourg branch EUR 283,000 for non-compliance with several professional obligations regarding the prevention of ML/TF.
- 03.04.2025: ESMA consults on Simplified Insider List format under the Listing Act. It closes on 3 June 2025
- 03.04.2025: ESMA consults on Transparency Requirements for Derivatives under MiFIR Review. It closes on 3 July 2025
March 2025
- 31.03.2025: PRA consults (CP4/25) on Depositor protection rules. It closes respectively on 30 April 2025 and 30 June 2025.
- 30.03.2025: The Joint Committee of the ESAs publish an Evaluation report on the functioning of the EU Securitisation Regulation
- 25.03.2025: CSSF publishes the March Newsletter
- 25.03.2025: ACPR updates its FAQs on DORA
- 25.03.2025: FCA publishes a Feed-Back Statement (FS25/2) on how they could simplify the Consumer Duty requirements and their planned approach
- 19.03.2025: PRA consults (CP3/25) on Recognised exchanges policy and transfer of main indices. It closes 18 June 2025.
- 18.03.2025: FINMA licences the first DLT trading facility – BX Digital under the DLT Act
- 17.03.2025: CSSF publishes the Form to notify the Regulator of the intention to provide crypto-asset services under Art. 60 of MiCA.
- 17.03.2025: FCA refuses Zeux Limited’s application for registration as a cryptoasset exchange provider
- 11.03.2025: FCA issues an Opinion on sustainability regulations and UK defence
- 07.03.2025: ESAs acknowledge the EC amendments to the RTS on subcontracting under DORA.
- 06.03.2025: EBA consults on new rules related to the anti- money laundering and countering the financing of terrorism package. It closes 6 June 2025
- 06.03.2025: EBA consults on the Call for Advice from the EC on RTS under AMLA mandates (e.g., Inherent & residual risk profile of obliged entities, risk assessment for selecting obliged entities for direct supervision, Customer Due Diligence, Sanctions). It closes on 6 June 2025.
- 03.03.2025: PRA publishes its February Regulatory Digest
February 2025
- 27.02.2025: EBA issues an Opinion on EC proposed amendments to RTS authorisation of assets-referenced tokens under MICA
- 24.02.2025: CSSF publishes the February Newsletter
- 21.02.2025: ESMA has published and updated the following Q&As: EMIR (2441, 2442), ECSPR (2437, 2438), MiFID II secondary markets (2439)
- 21.02.2025: FATF updates its list of High-Risk Jurisdictions subject to a Call for Action
- 21.02.2025: FATF updates its list of Jurisdictions under Increased Monitoring
- 19.02.2025: ESMA publishes the January/February Newsletter
- 19.02.2025: FCA and PSR issue a joint feedback statement (FS25/1) on the usage and impact of digital wallets
- 17.02.2025: ESMA consults on the assessment of knowledge and competence under MICA. It closes on 22 April 2025.
- 14.02.2025: ESMA launches a Common Supervisory Action on Compliance, and Internal Audit functions of UCITS management companies and Alternative Investment Fund Managers. It will review whether those entities have established effective functions with adequate staffing, authority, knowledge, and expertise.
- 11.02.2025: EBA publishes the Final Report on amending Guidelines EBA/GL/2019/04 on ICT and security risk management. Since the entry into force of Dora they will apply to exempt financial institutions.
- 07.02.2025: FCA steps up action against misleading financial adverts and warns of further actions
- 05.02.2025: EBA issues an Opinion on EC proposed amendments to RTS on conflicts of interest for issuers of assets-referenced tokens under MICA.
A high level summary of new regulations and/or relevant guidelines/circulars can be found on our page: new regulations and regulatory initiatives
