| Author (Corporate) | Council of the European Union, European Parliament |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 333, Pages 153-163 |
| Publication Date | 27/12/2022 |
| Content Type | Legislation, Policy-making |
Summary:Directive (EU) 2022/2556 - formally adopted by the co-legislators on 14 December 2022 - introducing amendments to Directive 2009/65/EC, Directive 2009/138/EC, Directive 2011/61/EU, Directive 2013/36/EU, Directive 2014/59/EU, Directive 2014/65/EU, Directive (EU) 2015/2366 and Directive (EU) 2016/2341 as regards digital operational resilience for the financial sector. This is also known as the FinTech Amending Directive. This is a text with EEA relevance. Further information:This Directive is part of a package of measures seeking to further enable and support the potential of digital finance in terms of innovation and competition while mitigating the risks. It establishes a temporary exemption for multilateral trading facilities; it also amends or clarifies certain provisions in existing EU financial services directives. The draft law was tabled by the European Commission on 24 September 2020 as part of its Digital Finance Package, which also included a Communication setting out a Digital Finance Strategy for the EU. It accompanied the draft Digital Operational Resilience Act (DORA). The Council of the European Union adopted its general approach on 24 November 2021. The plenary of the European Parliament endorsed a negotiating position on 7 December. A provisional agreement between the co-legislators on a compromise text for this file was reached on 10 May 2022. This was formally endorsed by the Parliament on 10 November and by the Council on 28 November. The Act was signed by the co-legislators on 14 December 2022 and published in the Official Journal on 27 December 2022. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/dir/2022/2556/oj |
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Cybersecurity | Cyber-security, Digital Single Market [DSM], Financial Services, Information Society, Risk | Crisis Management, Telecommunications |
| Keywords | Cryptoassets | Cryptocurrencies, Digital Technology |
| International Organisations | European Union [EU] |
