Nov 02, 2023 EU case could draw a line between payment services and e-money issuance By Simon Treacy If a payment institution receives funds without a specific payment order and holds these funds for longer than the legal time limit, does...
Aug 07, 2023 Government responds to its consultation on payments regulation and the systemic perimeter By Olivia Murphy In 2022 the Government published a consultation which set out proposals to widen the Banking Act 2009 to bring systemically important...
Mar 22, 2022 How are e-money holders protected on insolvency? Court of Appeal hands down decision on ipagoo By Simon Treacy Our latest payments podcast looks at the Court of Appeal’s decision on ipagoo and the implications for the payments industry. The Payment...
Jan 10, 2022 Temporary permissions: payments and e-money firms By Olivia Murphy The FCA has updated its guidance for EU-based payments firms operating in the UK on a temporary permission. Forms are now available for...
Dec 17, 2021 E-money laundering? By Ben Packer Simon Treacy Transparency International has turned the spotlight on the money laundering risks posed by the UK electronic money sector. Its report...
Dec 07, 2021 What’s on the regulatory horizon for UK payments in 2022? By Simon Treacy Our UK Payments Horizon Report 2022 sets out the important regulatory milestones for the year to come. The report covers the FCA’s...
May 19, 2021 You're an e-money firm - not a bank! By Linklaters Following the well-publicised failure of Premier FX, the FCA continues to be concerned that e-money firms are marketing themselves as an...