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OPINION (COM(2025)0838 – C100305/2025 – 2025/0358(COD))

On the proposal for a regulation of the European Parliament and of the Council on the establishment of European Business Wallets

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Committee on the Internal Market and Consumer Protection · Rapporteur: Veronika Cifrová Ostrihoňová

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The Committee on the Internal Market and Consumer Protection proposes amendments to the proposed regulation establishing European Business Wallets. It wants wallets to be interoperable, secure, hosted in the Union, and usable by all economic operators, especially small and medium-sized enterprises (SMEs), sole traders and self-employed persons. It amends articles on core functionalities, provider establishment, supervision, third-country recognition and review. It adds data portability, a transition period, and a Commission implementation roadmap.

Committee position. The Committee on the Internal Market and Consumer Protection proposes 85 amendments to the Commission proposal. It wants stronger interoperability, security, Union hosting, support for SMEs and sole traders, data portability, and a transition period.

Key points

  1. The committee proposes amendments to the Commission proposal for a regulation on European Business Wallets.
  2. It adds that wallets should reduce administrative burdens, especially for small and medium-sized economic operators, and support cross-border business.
  3. It requires interoperability, security and technological neutrality, based on open standards where appropriate, and alignment with the European Digital Identity Framework.
  4. It calls for wallets to use existing EU digital infrastructures and building blocks, such as the Once Only Technical System, the Business Registers Interconnection System and the European Digital Identity Wallet.
  5. It adds that wallets should be hosted on cloud infrastructure established and operated in the Union, with data stored and processed within the Union where appropriate.
  6. It states that wallets should support secure interaction with public sector bodies and other businesses, and that core functionalities cannot be used to circumvent Union or Member State law protecting the public interest.
  7. It requires the Commission to provide guidance, technical assistance and user education resources, especially for SMEs, and to promote consistent terminology.
  8. It adds that all entities conducting economic activities, regardless of size, sector or legal form, should be able to use wallets, and that a qualified electronic registered delivery service (QERDS) should be integrated as a secure communication channel.
  9. It requires QERDS providers integrated into wallets to be established in the Union, with their principal place of business and core operations therein, and not controlled by a third country.
  10. It calls for a common technical framework integrating European Digital Identity Wallets with European Business Wallets for self-employed persons and sole traders, at reasonable and affordable prices.
  11. It adds that wallets should support the 28th Regime, facilitate interoperability with digital company-law tools such as the EU Company Certificate and the digital EU power of attorney, and enable data portability across providers.
  12. It requires providers to be established in the Union, use Union cloud service providers where appropriate, and ensure suppliers do not present a risk to Union security.

Who is affected

  • Economic operators, including SMEs, sole traders and self-employed persons, who would use the wallets.
  • Providers of European Business Wallets and qualified electronic registered delivery services (QERDS), who must meet establishment and security requirements.
  • Public sector bodies, which may choose how to accept wallets and must support the secure communication channel after the transition period.
  • Third-country providers and systems, which may be recognised if they meet equivalent requirements.
  • Union entities, which may acquire, develop or act as providers of European Business Wallets.

Figures and deadlines

  • 12 months after entry into force: deadline for Member States to notify the Commission of national penalty rules.
  • 36 months after entry into force: end of the transition period during which public sector bodies may use alternative solutions.
  • 3 years after entry into force: deadline for the Commission to submit a review report to Parliament and the Council.
  • 3 working days: deadline for providers to communicate modifications or revocations to the Commission for the European Digital Directory.