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New Operational Resilience Requirements for Payment Firms

Following a consultation in 2019 (CP19/32), the Financial Conduct Authority (FCA) has now published its policy statement (PS21/3) and final rules on operational resilience. The FCA has stated that the new rules on operational...more

New UK Insolvency Regime For Payment Institutions and Electronic Money Institutions

EXECUTIVE SUMMARY - On 26 April 2021, draft Payment and Electronic Money Institution Insolvency Regulations (Regulations) were brought before the UK Parliament for approval. They will introduce a new special administration...more

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