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Five EU countries propose changes to make FIDA less burdensome

( May 14, 2025, 12:59 GMT | Official Statement) -- MLex Summary: Belgium, Czechia, France, Latvia and Spain have produced a common document suggesting ways to make FIDA — the Financial Data Access Proposal — less burdensome, MLex understands. FIDA aims to establish rules on customer data sharing in the financial sector to facilitate the development of innovative financial products and services for users. EU member states and the European Parliament need to reach a unified stance on this legal text before it can become law. However, they stated that discussions would only resume once the European Commission presents suggestions to simplify it.The document on financial data access is attached....

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