EU Financial Data Access (FIDA) proposal
Proposed European Union ยท no upcoming deadlines
Deadlines
Summaries for reference, not legal advice. Check the official text.
What it does
Would create a right for customers to have their financial data beyond payment accounts, such as savings, investments, insurance and credit data, shared with authorised third parties. Data holders would join financial data sharing schemes and customers would manage permissions through dashboards.
- Who it applies to
- Banks, investment firms, insurers, credit providers and other financial institutions as data holders, and new financial information service providers as data users.
- Penalties
- Proposed administrative penalties set by Member States and competent authorities.
- Enforced by
- National financial competent authorities; EBA, EIOPA and ESMA for technical standards.
- Official name
- Proposal for a Regulation on a framework for Financial Data Access (FIDA)
- Citation
- COM(2023) 360 final, 2023/0205(COD)
- Topics
- financial, data-access, privacy
Verified 2026-09-25 eur-lex.europa.eu
Research notes
Not on the Commission withdrawal list of 2025-10-06 (C/2025/5423). As proposed it would apply 24 months after entry into force, with schemes rules after 18 months. Trilogue status as of 2026-09-25 not verified from an official source.
Related
Questions about EU Financial Data Access (FIDA) proposal
- What are the EU Financial Data Access (FIDA) proposal compliance deadlines?
- Jun 28, 2023: FIDA proposed.
- Who does EU Financial Data Access (FIDA) proposal apply to?
- Banks, investment firms, insurers, credit providers and other financial institutions as data holders, and new financial information service providers as data users.
- What are the penalties under EU Financial Data Access (FIDA) proposal?
- Proposed administrative penalties set by Member States and competent authorities.