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A controversial law that would effectively end prosecutions related to The Troubles has passed its final hurdle in the Commons – despite anger from all sides on the island of Ireland.

MPs today approved the Northern Ireland Troubles (Legacy and Reconciliation) Bill, which will stop new cases and inquests being opened into killings on both sides of the conflict.

Instead, conditional amnesty will be offered to those who reveal information about the incidents to a new truth recovery body.

Read more: Concrete scandal dominates first PMQs since recess

Inspired by Nelson Mandela’s Truth and Reconciliation Commission in South Africa, the Independent Commission for Reconciliation and Information Recovery will also produce a historical record of what is known in relation to every death that occurred during the Troubles.

Northern Ireland Secretary Chris Heaton-Harris said he believed the bill – which will now return to the Lords to be approved before becoming law – would “draw a line under the past”, and it has received support from a number of veterans’ organisations.

Bill is biggest test of Anglo-Irish relations in 50 years


David Blevins - Senior Ireland correspondent

David Blevins

Senior Ireland correspondent

@skydavidblevins

Legislation to end historical prosecutions in Northern Ireland could be the biggest test of Anglo-Irish relations in half a century.

It was 1971 when Dublin last brought a case against the UK Government to the European Court of Human Rights.

Opposition to the controversial Legacy Bill has created the most unlikely alliance of Unionists, Nationalists, Dublin, Washington and the EU.

The Government will focus on the fact that British Army veterans will be granted immunity from prosecution for historical offences.

But the amnesty will also apply to the very terrorists who murdered British soldiers on the streets of Northern Ireland.

The Northern Ireland Secretary Chris Heaton-Harris MP claims the Northern Ireland Legacy Bill will “draw a line under the past.”

But relatives of victims say it only benefits perpetrators because it is they who will choose between truth and justice.

If someone accused of murder provides information to a new Truth Recovery Body, they will be granted a prosecutorial amnesty.

With 3,000 of the 3,500 troubles murders unresolved, the legacy of the past has clouded the Northern Ireland peace process.

But the cloud won’t be lifted by demanding too high a price from those who have paid most – the victims.

However, there is much wider criticism of the plan, with victims groups saying the law would protect the perpetrators of the killings, rather than offering justice.

All the political parties in Northern Ireland are also united against the legislation, as well as the government in Dublin.

Read more:
The Good Friday Agreement 25 years on
Bloody Sunday: A ‘watershed’ in the history of The Troubles

Irish foreign minister Micheal Martin told the Financial Times this week that ministers were seeking legal advice over whether the bill breaches Article 2 of the European Convention on Human Rights – “right to life” – meaning it could be challenged in the courts.

If the Irish government launches a legal battle, it will only be the second time Dublin has taken the UK to court, with the last case over actions in Northern Ireland taking place 52 years ago.

More than 3,500 people were killed during the Troubles, including over 1,000 members of the security forces.

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Italy sets hard MiCA deadline for crypto platforms to comply

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Italy sets hard MiCA deadline for crypto platforms to comply

Italy’s securities regulator set a firm timetable for applying the European Union’s Markets in Crypto-Assets Regulation (MiCA) in the country, warning that unlicensed crypto platforms face a deadline to either seek authorization or leave the market.

The move directly affects virtual asset service providers (VASPs) currently operating under Italy’s regime and the retail investors who use them.​

In a news release published Thursday, Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) reminded the market that Dec. 30 is the last day VASPs registered with the Organismo Agenti e Mediatori (OAM) can operate under the existing national framework.

Italy, European Union, MiCA
Italy sets hard stop for MiCA authorization. Source: CONSOB

After that date, only entities authorized as crypto asset service providers (CASPs) under MiCA, including firms passporting into Italy from another EU member state, will be allowed to offer crypto‑asset services in the country.​

CONSOB notes that, under Italy’s MiCA‑implementing legislation, VASPs that submit an application to be authorized as CASPs in Italy or another European Union member state by Dec. 30 may continue operating while their applications are assessed, but no later than June 30, 2026.

This transitional operating period is available only to operators who file by the deadline and ends once authorization is granted or refused, or when the June 30, 2026, limit is reached.​

Related: ECB president calls to address risks from non-EU stablecoins

Obligations for firms that do not apply

For VASPs that decide not to seek authorization under MiCA, CONSOB outlined specific obligations. These operators must cease their activities in Italy by Dec. 30, terminate existing contracts, and return clients’ crypto‑assets and funds in accordance with customers’ instructions.

CONSOB also said that VASPs registered in the OAM list must publish adequate information on their websites and inform clients directly about the measures they intend to adopt, either to comply with MiCA or to ensure an orderly closure of existing relationships.

This framework stems from Italy’s legislative decree implementing MiCA, which introduced a transitional regime for existing VASPs and set the conditions under which they can continue operating while moving to the new CASP authorization system. The decree makes use of the flexibility allowed by MiCA’s transitional provisions to set national deadlines, including the June 30, 2026 date referred to in CONSOB’s communication.​

Warnings to retail investors

CONSOB’s news release includes a separate section titled “warnings for investors.”

The regulator points out that VASPs currently operating in Italy may no longer be authorized to do so after Dec. 30, and stresses that investors should check whether they have received the necessary information from their provider on its plans to comply with MiCA.

If not, CONSOB advises investors to ask the operator for clarification or request the return of their funds.

EU‑level context under MiCA

CONSOB’s communication sits within the wider EU framework for MiCA’s application and transitional measures. On the same day, the European Securities and Markets Authority (ESMA) published a statement on the end of MiCA transitional periods, highlighting that member states can provide temporary continuation of existing licenses for existing providers, but these periods are limited and will expire.

Related: EU plan would boost ESMA powers over crypto and capital markets

The ESMA’s statement explains that firms operating under national transitional regimes are not automatically MiCA‑authorized and emphasizes the need for “orderly wind-down plans” where providers do not obtain authorization before transitional periods end.​

Italy’s hard stop for applications and continued operation shows how member states are using the discretion MiCA gives them over transitional regimes. The Italian transitional period now has defined end‑points, and continued activity in the market will require MiCA‑compliant authorization.

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