Nicolas Kalokyris

• Assisting credit institutions and other financial institutions in the implementation of ESG regulations (ESG reporting (CSRD, CS3D, Pillar III disclosures), ESG risk management, double materiality, ESG litigation risk,etc.).
• Advising a non-European bank in its acquisition of a qualifying holding in a Belgian credit institution.
• Advising a bank on its liability risks related to the distribution of investment funds' units.
• Advising banks, payment institutions and Fintechs in the global scaling of their payment services and the launch of new payment products (virtual IBANs, gift cards, open banking services,etc.).
• Advising a non-EU investment firm in the marketing of structured financial instruments in Belgium.
• Assisting with the structuring and setting up of investment funds (including private privaks and FIIS) and fund managers, including the preparation and negotiation of the fund legal documentation and the approval procedures with the regulators,
• Advising on the (cross-border) restructuring of investment funds and their management companies, including fund mergers, mergers between ManCos, outsourcing and delegation of management functions.
• Assisting (EU and non-EU) issuers (including financial institutions) with the (cross-border) issuance of different types of digital assets (stablecoins, crypto-assets, NFTs, virtual assets, tokenized financial instruments, etc.) in the EU.
• Advising crypto-assets Fintechs (exchanges, custodians, liquidity providers, DeFi operators,…) and financial institutions to comply with the evolving crypto-assets regulatory landscape, including the VASP regime, MiCA, the Transfer of Funds Regulation and other AML requirements, and for the provision of crypto-asset services in the EU pre- and post-MiCA (including legal qualification of tokens and services provided and advising on licencing requirements, prudential requirements and rules of conduct).
• Representing an insurance distributor in a dispute with an insurance undertaking.
• Representing a credit institution in an AML duty of vigilance dispute.

• Le champ d'application de la réglementation relative aux services de paiement (with P. Berger), Sad, J. (dir.), Les services de paiement en droit belge, 2024, Anthemis, pp. 17-106.
• L’origine de la législation belge relative aux services de paiement (with J. Sad), Sad, J. (dir.), Les services de paiement en droit belge, 2024, Anthemis, pp. 7-16.
• MiCA or MiFID? Classifying cryptoassets, Compliance Monitor, Lloyd's List Intelligence, 2024, pp. 1-6.
• Artificial Intelligence & Financial Services (with P. Berger), AI Digital Guide, Industry-specific analyses of artificial intelligence, LJA, 2023, pp. 89-97.
• Belgium Country Guide, Crypto Regulations, Global Crypto-Assets Regulation, 2023.
• Les Initial coin offerings et les services liés aux crypto-actifs (with G. Bouton), De Francquen, V. et Grégoire, M. (dir.), Droit bancaire et financier, 1e édition, Bruxelles, Larcier, 2022, p. 955-1015.
• La gouvernance algorithmique et le fonctionnement automatisé des marchés, (with T. Čuk), De Francquen, V. et Grégoire, M. (dir.), Droit bancaire et financier, 1e édition, Bruxelles, Larcier, 2022, p. 225-314.
• Entry into application of the Markets in Crypto-Assets Regulation (MiCA), Actuality brief, RDC/TBH, 2025.
• Règlement sur les services de paiement : le parlement européen se prononce sur un renforcement de la responsabilité des prestataires de services de paiement en cas de fraude, Actuality brief, RDC/TBH, 2024.
• La CJUE s’oppose à la requalification des services de paiement en tant qu’émission de monnaie électronique en cas de dépassement du délai légal d’exécution d’ordres de paiement (ABC Projektai UAB c. Lietuvos bankas), Actuality brief, RDC/TBH, 2024.
• Intervention in 'Got FOMO? Unregulated crypto firms have you just where they want you', Politico, 22 February 2023.
• Intervention in ' PSD3: Bank-Like Prudential Requirements For PSPs Risk Innovation', Vixio, 2022.
• Intervention in 'ESMA sets sights on greenwashing in new sustainability roadmap', Global Banking Regulation Review, 2022.
• Intervention in 'EBA sets new climate disclosures to counter “cherry-picking”', Global Banking Regulation Review, 2022.

Client briefings

• EU crypto-assets regulatory framework: application of the landmark Markets in Crypto-Assets Regulation (MiCA), 13 January 2025.
• Navigating the Belgian Accessibility Act: What should financial services firms know?, 29 January 2025.
• ABC Projektai (C-661/22): Court of Justice EU interprets notion of “payment services” under PSD2, 11 March 2024.
• DORA: A harmonized framework to strengthen the digital operational resilience of the EU financial sector, 12 January 2023.
• Marketing virtual currencies in Belgium: FSMA introduces new restrictive conditions, 23 March 2023.
• MiCA & TFR: the two new pillars of the EU cryptoassets regulatory framework, 20 June 2023.
• Digital Digest - Volume 1 June 2023, 1 June 2023.
• A new regulatory framework for the provision of certain crypto-asset services in Belgium, 4 March 2022.
• Online financial services: Commission proposes to strengthen consumer protection, 24 June 2022.
• Crypto-assets regulation in Belgium, 2 August 2022.
• Tokenized securities and blockchain: Opportunities of the DLT Pilot Regime, 9 December 2022.
• Anti-Money Laundering and Countering Terrorism Financing: A new package to overhaul the European regulatory framework, 6 October 2021.
• EU to tighten conditions of access to single market for third-country banks, 29 November 2021.

• Panel management, Working with MiCA constructs, Crypto and Digital Assets Regulation & Compliance Conference, London, December 2024.
• La nouvelle directive sur les contrats financiers conclus à distance : un renforcement des droits des consommateurs face à la digitalisation de l’offre de services financiers, Abilways Conference, Financial products and services, Brussels, Novembre 2024.
• Digitalisation de l'offre de services financiers et protection des consommateurs, Les services bancaires et financiers en pleine ébullition – Larcier / Wintegrity, Brussels, October 2024.
• Le champ d'application réglementé, Les services de paiement en droit belge - Conférence du Jeune Barreau de Bruxelles, Brussels, October 2024.
• AI in payment services, Keynote, London Fintech Week, London, June 2024.
• La réglementation relative aux crypto-actifs : enjeux et opportunités, AML & Compliance Abilways Conference, Brussels, May 2024.
• International and European ESG Regulatory Framework, DLA Piper Deep Dive on ESG / Corporate Social Responsibility, co-organized with IBJ/IJE, Brussels, 2024.
• The AI Act and the financial services sector, Meetup AI Act & European AI Regulation, co-organized by Fintech Belgium and DLA Piper, March 2024.
• Preparing for full MiCA implementation, Crypto and Digital Assets Regulation & Compliance Conference, London, 2023.
• Crypto regulations in the EU, Kick-off conference for the launch of Blockchain for Belgium, Brussels, 2023.
• The new Belgian Virtual-Assets Service Providers Regulatory Framework, presentation during the Crypto-assets Seminar co-organized by DLA Piper and Fintech Belgium, 2022.
• The new AML Package, online presentation for PayTech Belgium, 2021.