Crypto-asset activities

EBA Guidelines (EBA/GL/2024/11) on information requirements in relation to transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113

  • The Guidelines will apply from 30 December 2024

Scope of application

  • credit institutions providing payment services
  • holding companies of credit institutions providing payment services and holding companies of conglomerates referred to the Act on the Supervision of Financial and Insurance conglomerates
  • payment institutions
  • natural persons or legal persons providing a payment service without an authorisation
  • branches located in Finland of foreign credit institutions providing payment services
  • branches of payment institutions located in Finland
  • crypto-asset service providers
  • branches located in Finland of crypto-asset service providers

Financial Supervisory Authority’s more specific guidance

  • The Financial Supervisory Authority (FIN-FSA) recommends that entities and persons within the scope of these Guidelines fulfil their obligations in accordance with Article 8(2) and Article 12(2) of Regulation (EU) 2023/1113 to notify the FIN-FSA of failure to provide required information on the payer or the payee, and the steps taken, using the form template available in the FIN-FSA’s website (link). Notifications should be made, in accordance with the European Supervisory Authorities’ Guidelines, to the FIN-FSA without delay and at the latest within three months of the detection of repeated failure on the part of the payment service provider. Notifications should be sent to the address maksuntiedot@fiva.fi
  • The FIN-FSA recommends that entities and persons within the scope of these Guidelines fulfil their obligations in accordance with Article 17(2) and 21(2) of Regulation (EU) 2023/1113 to notify the FIN-FSA of failure to provide required information on the originator or the beneficiary, and the steps taken, using the form template available in the FIN-FSA’s website (link). Notifications should be made, in accordance with the European Supervisory Authorities’ Guidelines, to the FIN-FSA without delay and at the latest within three months of the detection of repeated failure on the part of the crypto-asset service provider. Notifications should be sent to the address maksuntiedot@fiva.fi
  • The FIN-FSA recommends that entities and persons within the scope of these Guidelines prepare policies and procedures, based on the European Supervisory Authorities’ Guidelines, to comply with the obligations laid down in Regulation 2023/1113.

Related to these Guidelines

Releases

  • EBA Guidelines (EBA/GL/2024/11) on information requirements for transfers of funds and certain crypto-assets transfers under Regulation (EU) 2023/1113

Contacts

Viivi Jantunen, Senior Specialist, telephone +358 9 183 5008, email viivi.jantunen(at)fiva.fi