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Changes to simplify FIDA proposal suggested by EU Commission

By Fanny Roux ( May 16, 2025, 14:39 GMT | Official Statement) -- MLex Summary: The European Commission has prepared a document, obtained by MLex, listing amendments to simplify the proposal for FIDA — the Regulation on Financial Information Data Access — in response to requests from the EU's two legislative bodies. The changes include “measures on scope that aim to reduce market adjustment costs and increase proportionality,” as well as “simplifying the standard-setting process to increase interoperability and reduce market adjustment costs,” and a “greater alignment" with the payment services framework, or PSD3/PSR. The Council of the EU, representing EU member states, and the European Parliament must agree on a common text before it can become law.See attached document from the European Commission....

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