"Geopolitical tailwind: The EU’s implementing regulation EU 2024/482 for the first time
sets out the scheme for the application of the Cyber Security Act which entered into
force in 2019 and will be mandatory from February 2025. We believe that this legislative
framework will lead to a significant competitive advantage over Chinese suppliers,
especially in the ShellyX module business. They will be obliged to adapt the high
standards and compliance requirements in the European market and increase their
own transparency (e.g. regarding vulnerabilities). Non-conformity, in turn, would
significantly restrict their market access in Europe in our view."
sets out the scheme for the application of the Cyber Security Act which entered into
force in 2019 and will be mandatory from February 2025. We believe that this legislative
framework will lead to a significant competitive advantage over Chinese suppliers,
especially in the ShellyX module business. They will be obliged to adapt the high
standards and compliance requirements in the European market and increase their
own transparency (e.g. regarding vulnerabilities). Non-conformity, in turn, would
significantly restrict their market access in Europe in our view."
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