Set of measures on digital finance: start of trialogue
On 24 November 2021, the European Council adopted its position on two proposals that are part of the EU’s digital finance package: the “Markets in Crypto-Assets Regulation” (MiCA) and the “Digital Operational Resilience Act” (DORA).
This package aims to support innovation and the adoption of new financial technologies while ensuring an appropriate level of consumer and investor protection. This agreed position now constitutes the European Council’s negotiating mandate for trialogue negotiations with the European Parliament and the European Commission.
On the same day, the European Parliament published a press release announcing that it has reached an agreement with the European Council on the third element of the digital finance package, the DLT pilot regime. The agreement mainly covers the maximum amounts for security tokens issues authorised to participate in pilot regime experiments.