Regulatory Intelligence

EBA Publishes No-Action Letter and Technical Clarifications on FRTB Implementation

The EBA has issued a no-action letter recommending that competent authorities refrain from prioritising enforcement on the banking/trading book boundary and internal risk transfers, alongside technical clarifications for the FRTB framework under the EU's 3rd Delegated Act. The measures aim to support consistent implementation ahead of the revised market risk requirements expected to apply from 1 January 2027.

ESAs Propose to Simplify EMIR Bilateral Margin Rules for Sub-€8bn Counterparties

The European Supervisory Authorities (EBA, EIOPA and ESMA) have published a final report proposing amendments to the bilateral margin requirements under EMIR. The draft RTS would exempt counterparties below the €8 billion initial margin threshold from exchanging initial margin on both new and existing uncleared OTC derivative contracts. The proposal aims to reduce burden and align the EU framework more closely with other jurisdictions.

Digital Finance: ACPR Highlights Innovations Shaping Financial Services

The French Prudential Supervision and Resolution Authority (ACPR) outlines key digital finance innovations including real-time payments, data-driven services, tokenized assets, and new customer journeys. The regulator emphasizes its commitment to supporting these developments while safeguarding financial stability, consumer protection, and trust in the financial system.

CSSF Updates Cross-Border Management Notification Templates for AIFMD II Transposition

The CSSF has published updated notification letter templates and guidance for Luxembourg-domiciled investment fund managers (IFMs) to reflect changes introduced by AIFMD II, transposed into Luxembourg law on 3 March 2026. The new templates must be used from 31 July 2026 for cross-border management notifications within the EEA. The eDesk module for such notifications is also updated accordingly.

Council Implementing Regulation (EU) 2026/1817 of 23 July 2026

implementing Article 8a(1) of Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

ACPR Fintech Innovation Unit Marks 10 Years of Ecosystem Support

The ACPR's Fintech Innovation Unit celebrates its tenth anniversary, highlighting a decade of dialogue and support for fintech, crypto-assets, AI, and tokenization. The unit has helped reconcile innovation with financial stability and consumer protection.

EU Council Press Release - Browser Check Required

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