About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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ECB decision: Access by non-bank payment service providers to Eurosystem central bank operated payment systems and central bank accounts
The European Central Bank has issued Decision (EU) 2025/222 of 27 January 2025 which grants non-bank payment service providers access to Eurosystem central bank operated payment systems and central bank accounts.
18 Mar 2025
ESAs publish guidance on the definition of ICT services under DORA
On 22 January 2025, the European Supervisory Authorities released a Q&A guidance prepared by the European Commission, clarifying the definition of information and communication technology services under the Digital Operational Resilience Act.
11 Mar 2025
European Commission rejects the RTS on subcontracting ICT services supporting critical or important functions
On 21 January 2025, the European Commission sent a letter to the Chair of the Joint Committee of the Supervisory Authorities addressing the draft Regulatory Technical Standards under the Digital Operational Resilience Act.
11 Mar 2025
CySEC proposes ICT oversight fees for financial entities under DORA
On 31 January 2025, the Cyprus Securities and Exchange Commission launched a consultation on proposed annual information and communication technology oversight fees for financial entities under the EU Digital Operational Resilience Act. DORA aims to enhance cybersecurity and resilience in the financial sector.
24 Feb 2025
Cayman Islands legislative update: Virtual Asset (Service Providers) (Amendment) Bill, 2024
The Cayman Islands’ Ministry for Financial Services and Commerce (FSC) has announced that the Virtual Asset (Service Providers) (Amendment) Bill, 2024 was published in the Official Gazette on 16 November 2024. The Bill is scheduled to be introduced during the next sitting of Parliament, marking a significant step in refining the Cayman Islands’ regulatory framework for virtual assets.
31 Dec 2024
Progress and challenges in implementing FATF standards on Virtual Assets
On 9 July 2024, the Financial Action Task Force (FATF) released its fifth update on the implementation of the FATF standards focusing on the application of anti-money laundering (AML) and counter-terrorist financing (CFT) measures to virtual assets (VAs) and virtual asset service providers (VASPs).
22 Aug 2024
CySEC launches Regulatory Sandbox for FinTech and RegTech innovations
On 11 June 2024, the Cyprus Securities and Exchange Commission launched its Regulatory Sandbox, which offers a platform for testing new technologies in a controlled environment and promoting innovation in financial and regulatory services.
07 Aug 2024
New EBA regulations strengthen governance, conflict management and remuneration policies for crypto assets
On 6 June 2024, the European Banking Authority enhanced the regulatory framework for crypto assets by publishing a package with three new regulatory products under the Markets in Crypto-Assets Regulation. These products focus on governance, conflicts of interest and remuneration aiming to create a transparent, secure, and well-regulated market in crypto assets.
03 Jul 2024
Cayman Islands regulatory framework for Virtual Asset Service Providers: Registration and Licensing Guidelines
The Cayman Islands Monetary Authority (CIMA) released its regulatory policy establishing criteria for approving the registration or licensing of virtual asset service providers (VASPs) as per the Virtual Asset (Service Providers) Act (VASP Act). This policy has been published in the official gazette on 15 May 2024.
30 May 2024