Anyone else tracking the e-money directive changes for CFDs?

Been looking at some of the chatter around the potential updates to the e-money directive and how that could impact CFD brokers, particularly those operating across multiple EU jurisdictions. Seems like there's a push for stricter definitions around funds segregation and what constitutes 'client money.' Wondering if anyone has a clear grasp on the timeline for these changes and what kind of operational shifts we might be looking at to stay compliant. It feels like a significant piece of regulatory tightening that could easily fly under the radar if you're not specifically looking for it, especially for smaller to medium-sized firms.