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FIDA

New regulatory package on payment services – FIDA

13/07/2023
Banking & fintech

The European Commission has shared its evaluation findings on PSD2, suggesting an imminent revision. On June 28, 2023, formal proposals were made, including a new Directive called PSD3 and a Payment Services Regulation (PSR) that tackles financial data access, transaction authorization, and customer authentication. This blogpost offers an initial overview of the upcoming Financial Data Access Regulation.

PSR

New regulatory package on payment services – PSR

13/07/2023
Banking & fintech

The European Commission has released findings on the evaluation of PSD2, indicating an upcoming revision. On June 28, 2023, formal proposals for the revisions were presented, including a new Directive called PSD3 and a Payment Services Regulation (PSR). The PSR focuses on Open Banking, transaction authorization, customer authentication, and addresses financial data access. This blogpost offers an initial overview of the PSR changes.

PSD3

New regulatory package on payment services – PSD3

13/07/2023
Banking & fintech

The European Commission has revealed its findings on PSD2 evaluation, signaling an upcoming revision of the framework. On June 28, 2023, formal proposals for the revisions were presented, including a new Directive called PSD3, a Payment Services Regulation (PSR), and a Regulation on financial data access (FIDA). This blogpost offers an initial overview of the anticipated changes in PSD3, with subsequent posts focusing on the Payment Services Regulation and the Financial Data Access Regulation.

Cybersecurity framework for EU institutions

Cybersecurity framework for EU institutions moving along

26/06/2023
Cybersecurity

We have previously discussed the NIS2 Directive, the new cybersecurity framework for certain private and public sector entities. A new proposal that aims to impose a similar framework to the EU is moving through the interinstitutional dialogue now and will likely be adopted later this year. In this article we explain more about it.

European Health Data Space

European Health Data Space: The debate continues

19/06/2023
E-health

The European Health Data Space (“EHDS”) proposal aims to overhaul the existing laws on health data in the EU. With the draft being published, it became apparent that some clashes could not be avoided. In this blogpost we discuss four key points that are likely to still be worked on in the later stages of legislation.

Legal aspects artificial intelligence

A brief introduction to some legal aspects of Artificial Intelligence (AI)

25/05/2023
Artificial Intelligence (AI)

This is a summary of Bernd Fiten's (Senior Associate at Timelex) presentation on the legal aspects of Artificial Intelligence (AI) at Incuebrux on 24 May 2023. Given the short time-frame of the presentation (10 minutes), this summary contains only a very brief introduction to some legal aspects of AI. Read the blog for all the information and insights.

MiCAR

MiCAR now finally approved

03/05/2023
Information technology

After a compromise on MiCAR was reached last June, the legal linguistic review and the translations of the text in all of the official languages of the EU proved to be quite a burdensome process. A time passed until votes could be taken. On 20 April 2023, the momentous moment finally arrived and MiCAR was adopted. We tell you more about it in this blogpost.

GDPR and CCPA

Can organisations be subject to both the GDPR and CCPA simultaneously?

29/03/2023
Privacy & data protection

Most organizations or companies based in the EU or EEA are generally bound by GDPR regulations when handling personal data. However, non-EU or non-EEA based organizations may also be subject to GDPR. How should international companies deal with this?

ChatGPT

ChatGPT and copyright: many questions remain to be answered

23/03/2023
Intellectual property

The launch of ChatGPT has led to many legal concerns. What is the legal status of GPT's answers and what role does copyright play in generating data and answers? You can read more about it in this blog.

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