Updated Financial Data Access (FIDA) Regulation Timeline: A Complete Guide

TL;DR

Here's a short summary table you can reference, although there are more details in the blog post below.

Updated FIDA Timeline

On December 4, 2024, the Council of the EU released a revised proposal for the Financial Data Access Regulation (FIDA), introducing updates to the timeline and scope of the regulation.

June 3, 2026 — CADA Adopted by European Commission

The Corporate Data Act on Cloud Infrastructure (CADA) was formally adopted, introducing cloud sovereignty requirements — including data residency, portability, and switching obligations — that apply to FDSS and FISP infrastructure providers. Full analysis.

Key Dates and Timelines

Here's a breakdown of the key dates and timelines associated with the FIDA regulation, based on the latest Council proposal.

Regulation Entry into Force

20th day following publication

Phased Implementation

FIDA will be implemented in three phases, each focusing on specific categories of customer data. This phased approach allows financial institutions to prepare gradually for compliance.

Phase 1 (24 months after entry into force):

Phase 2 (36 months after entry into force):

Phase 3 (48 months after entry into force):

5-Year Evaluation

Five years after the entry into force of FIDA, the European Commission will conduct an evaluation of its impact and report to the European Parliament and the Council.

Implications for Businesses

The phased implementation of FIDA provides businesses with a clear timeline to prepare for compliance. Financial institutions should begin by assessing their data infrastructure and identifying gaps that need to be addressed to meet FIDA's requirements.

InfraFIDA's Role

InfraFIDA

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