On 3 March 2026 the European Commission adopted Decision (EU) 2026/477, replacing Annex A to the Monetary Agreement between the European Union and the Principality of Monaco. The Decision (published in the Official Journal of the European Union) updates the list of EU acts that Monaco must apply in line with France for prudential regulation of credit institutions and the prevention of systemic risks in payment and securities settlement systems. The Decision enters into effect on 24 March 2026.
For Monaco-based banks, this means updated transposition benchmarks and closer alignment with French/EU prudential standards. Banks should immediately review compliance roadmaps, internal policies and reporting obligations to confirm alignment with the revised Annex A and the EU instruments it references.
DL Corporate & Regulatory can support targeted legal reviews, transposition gap analyses and remedial action plans to ensure regulatory compliance continuity and minimise operational risk. Contact us here.
