What is the EECC? The EECC is an EU directive that came into force in December 2018, which updates and consolidates existing European rules on electronic communications networks and services, as well as aligning them with recent technological developments in the markets, consumer trends and technology. The EECC broadens the scope of regulation to include […]
On 27 August 2022 the new Belarusian law No. 164-Z of 19 April 2022 On Payment Systems and Payment Services (the Law) entered into force. The new law comprehensively regulates payment relations and applies to both Belarusian and foreign payment service providers. The provisions of the Law are expected to impact the payment services market, transform […]
On 1 June 2022, the decision of the Bank of Lithuania (the BoL), stipulating that subjects which are benefiting from limited network exclusion under the Second Payment Services Directive (PSD2) are obliged to resubmit a notification to the BoL, entered into force. The notifications based on the provisions of the guidelines prepared by the European […]
Following a long delay in the negotiations, the Council and European Parliament reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD) on 21 June 2022. The agreed text was released on 30 June, however, it is still subject to the formal adoption procedure and thereby, further review. The proposal for the CSRD, […]
Publication / Lina Ragainytė-Mezenė
The Law on Securitisation and Covered Bonds, as well as related amendments to other legal acts, have recently entered into force in Lithuania. The amendments aim to contribute to the development of Lithuania’s capital market and to broaden the diversity of sources of funding. The new regulations will give financial institutions more opportunities to raise […]