19 Nov, 2024 Bank of England drafts fundamental rules for financial market infrastructure By James Morris Simon Treacy In a consultation the Bank of England proposes requiring UK financial market infrastructure to meet 10 new Fundamental Rules. The rules...
25 Sep, 2024 Payments firms face stricter safeguarding standards By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy Richard Hay Sam Quicke +5 more... Show less The Financial Conduct Authority has set out its stall to strengthen safeguarding rules for payments and e-money firms. Firms will need to...
02 Aug, 2024 A changing landscape: Bank of England’s approach to innovation in money and payments By Simon Treacy Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should...
30 Jul, 2024 The missing DORA technical standard on subcontracting is found By Harry Eddis Raza Naeem James Morris Olivia Murphy +1 more... Show less The European Supervisory Authorities (ESAs) have finalised their much-anticipated technical standard on subcontracting ICT services...
04 Jul, 2024 EU institutions explore AI in financial services By Simon Treacy As our mid-year legal outlook shows, the legal impact of AI adoption is not limited to the tech sector. Financial services firms are...
08 Feb, 2024 EU and UK: Five payments themes to look out for in 2024 By Simon Treacy Elton Qemali The payments industry faces yet more change in 2024. From DORA and MiCA preparations in the EU to a smarter regulatory framework and...
11 Oct, 2023 Breaking open financial data in the EU By Simon Treacy Need to know:A draft EU law suggests requiring financial firms to open up access to their customers’ dataFirms would have to join schemes...
07 Aug, 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...
11 Jul, 2023 UK launches Future of Payments Review By Olivia Murphy The UK Government has launched an independent review into the future of payments. What is the review? According to its terms of...
03 Jul, 2023 A brave new world? Singapore pushes ahead with ringfencing of client assets, and consults on market integrity rules, for digital payment token firms By Peiying Chua Late in 2022, the Monetary Authority of Singapore consulted on various new regulatory measures for digital payment token (DPT) providers....
19 Apr, 2023 Metaverse series #11: The metaverse in Asia – a topic to watch By Jasmine Yung Jennifer Calver In this blog series we have been considering a variety of legal issues that are arising with the development of the metaverse. Given that...
16 Feb, 2023 UK Fintech Legal Outlook 2023 series #4 - New forms of digital assets emerging as digital financial and payments infrastructure develops By Michael Voisin Richard Hay The UK is at an important crossroads as it seeks to retain its role as a leading fintech hub. Last week we joined a panel of Linklaters...
11 Aug, 2022 Metaverse series #5: Payments in the metaverse – what could metaverse money look like and how might it work? By Jennifer Calver Alex Roberts Simon Treacy Whatever form of metaverse ultimately emerges, it will require huge technological developments in terms of network infrastructure,...
29 Jul, 2022 Cloud the issue: Regulators explain how they might oversee service providers By Simon Treacy The UK regulators have already introduced rules for regulated firms to build their operational resilience. Now they are turning their...
20 Jun, 2022 UK begins now to regulate later: Further updates on BNPL By Frances Hodgkins The UK has confirmed plans to strengthen the regulation of interest-free buy-now, pay-later arrangements. The announcement comes in the...
16 Jun, 2022 Payment firms take note: the FCA's Consumer Duty applies to you too! By Frances Hodgkins Simon Treacy The FCA is still finalising its rules in relation to the Consumer Duty, but many firms have already started preparing for its...