Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC (Digital Services Act or DSA), harmonizing safety from illegal goods, content or services rules of online environment and applicable to intermediary, hosting service providers, online platforms (such as online marketplaces and social media networks) has entered into force and shall fully apply from 17 February 2024. Until then European Commission expects feedback on proposed enforcement legislation, setting out further details of how in-scope services will have to comply with the DSA’s rules. Although, platforms and search engines (except micro and small enterprises) already have to publish their user numbers to determine whether they should be assigned to very large online platforms (VLOPs) or very large online search engines (VLOSEs).
Together with e-Commerce Directive, Digital Markets Act, DSA is one of the centerpieces of legal framework for EU digital services.
Alongside the AML/CFT regulation of cryptoassets, the Regulation on Cryptoasset Markets Already approved by European Council the Markets in Crypto-Assets (MiCA) regulation (Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on Markets in Crypto-assets, and amending Directive (EU) 2019/1937), is almost ready to bring under a regulatory framework crypto assets, issuers and service providers (CASPs), granting stability protection to users and investors.
After Digital Operational Resilience Act (DORA) enters into force (17 January 2025) financial institutions will be obliged to focus on operational resilience following rules for the protection, detection, containment, recovery and repair capabilities against ICT (network and information system) related incidents: ICT risk-management, incident reporting, operational resilience testing and ICT third-party risk monitoring.