N/A — Industry-wide EMIs/PIs
Vilnius, Lithuania
The Bank of Lithuania published supervisory guidance in 2025 to prepare electronic money institutions and payment institutions for upcoming regulatory transitions. Key changes include the shift to the REGATA reporting framework beginning Q1 2026, new MiCAR-compliant crypto-asset reporting requirements (such as e-money token balance sheet reporting), and new safeguarding reports due by June 30, 2026. The guidance also clarified governance requirements, noting that EMI/PI boards need not meet additional Company Law requirements for supervisory functions. These changes represent a significant increase in reporting obligations for Lithuanian-licensed EMIs and PIs, many of which serve as BaaS providers for EU fintech companies.
Verified from source: The Bank of Lithuania outlined major updates to reporting requirements for EMIs and PIs under the upcoming MiCAR framework, alongside the transition to the new REGATA reporting system starting 1 January 2026, including new MiCAR-linked reporting items for crypto-asset holdings and updates to safeguarding reports.
- Lithuanian EMIs and PIs serving as BaaS providers must prepare for significantly increased reporting obligations in 2026
- MiCAR reporting requirements may create additional compliance costs for EMIs involved in stablecoin activities
- Governance clarifications may provide some operational relief for smaller licensed firms