Description: Understanding the Financial Data Access (FiDA) Regulation, what it means to EU and non-EU entities
financial data access (1) financial data access (fida) (1) fida regulation (1) what is the financial data access (fida) regulation (1)
What is the Financial Data Access (FiDA) Regulation?
On 28 June 2023, the European Commission published a Proposal for a regulation on a framework for Financial Data Access.
According to Article 1 (subject matter), this Regulation establishes rules on the access, sharing and use of certain categories of customer data in financial services. This Regulation also establishes rules concerning the authorisation and operation of financial information service providers.