News & Analysis as of

Payment Services Directive

Morrison & Foerster LLP

FSA Proposes Bill to Amend Japanese Laws Regulating Cryptocurrency-Related Businesses

by Morrison & Foerster LLP on

The Japanese Financial Services Agency (“FSA”), Japan’s primary financial regulator, announced on March 15, 2019, that it was submitting a bill to the Diet to amend both the Payment Services Act (the “PSA”) and the Financial...more

Allen & Overy LLP

New fraud data reporting requirements for payment service providers

by Allen & Overy LLP on

As already mentioned in our previous e-Alert of 16 January 2019, payment service providers must provide, at least on an annual basis, statistical data on fraud relating to different means of payment, to the Luxembourg...more

Dentons

EU Banking and Finance Regulatory Newsletter - March 2019 - Our recent Thought Leadership

by Dentons on

The following represents a carefully curated selection of our recent Thought Leadership contributions...more

Allen & Overy LLP

Key Regulatory Topics: Weekly Update 8 March - 14 March 2019

by Allen & Overy LLP on

BREXIT - On 7 February, ordinance no. 2019-75 relating to the preparatory measures in connection with the United-Kingdom’s withdrawal from the European Union in respect of financial services (the Ordinance) was published. ...more

Dentons

The Dutch legislator blunders with the (much belated) implementation of PSD2 ... too little too late.

by Dentons on

On February 19, the European Revised Payment Services Directive, better known as PSD2, was finally implemented into Dutch legislation. The long-awaited implementation - the ultimate transposition date as laid down in PSD2 was...more

Hogan Lovells

Payments: SEPA - A successful transition

by Hogan Lovells on

The European Payments Council Board has announced that it has approved the application from UK Finance for the continued participation of UK payment service providers in the SEPA schemes after 29 March 2019 in the event of a...more

McDermott Will & Emery

CJEU Rules on Parent-Subsidiary & Interest and Royalties Directives Anti-abuse Clauses

by McDermott Will & Emery on

On February 26, 2019 the Court of Justice of the European Union (CJEU) issued the long-awaited judgments on the cases concerning the Danish government withholding tax on dividends and interest paid by Danish companies to...more

King & Spalding

Avoiding the Cliff Edge - Immediate Steps for Firms and Groups with Financial Services Businesses in Europe Involving the UK

by King & Spalding on

The UK is due to leave the European Union on March 29, 2019 (“Brexit”). Within the EEA, “passport rights” permit financial services institutions and funds authorised in any EEA Member State to conduct business cross border...more

Hogan Lovells

UK Payments and Retail Banking Regulation The Year Ahead 2019

by Hogan Lovells on

Disruption continues to be the norm for those in the payments and retail banking sectors. 2018 was dominated by preparations, or talk about preparations, for Brexit and 2019 started out in the same vein, with many firms...more

K&L Gates LLP

EU Supervisors Call for EU-wide Policy Response to Crypto-assets

by K&L Gates LLP on

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published two complementary assessments of the regulatory coverage of crypto-assets under existing EU legislation and also set out...more

Allen & Overy LLP

New reporting obligation for payment service providers

by Allen & Overy LLP on

By a circular 18/704 of 17 December 2018 (the Circular 18/704), the Luxembourg regulator of the financial sector, the Commission de surveillance du secteur financer (the CSSF) formally endorsed the Guidelines of the European...more

Shearman & Sterling LLP

European Commission Publishes Commission Delegated Regulation on the Electronic Central Register Under Payment Services Directive

by Shearman & Sterling LLP on

The European Commission has adopted Regulatory Technical Standards on the development, operation and maintenance of the electronic central register and access to the information it contains under the Payment Services...more

Dentons

Key Regulatory Developments in Italy - November 2018

by Dentons on

We present you with a selection of key regulatory developments in Italy....more

Dentons

General standards and communication rules for payment services and e-money sectors – FCA to level playing field

by Dentons on

Payment service providers and e-money institutions do not follow a single rulebook – which requirements apply to them depends on whether they are regulated under the Financial Services and Markets Act 2000 (FSMA). Payment...more

Dentons

Key Regulatory Developments in the Netherlands - September 2018

by Dentons on

Central Government - Implementation regulation for the Payment Services Directive II (PSD II) adopted by the Dutch House of Representatives -...more

Dentons

Key Regulatory Developments in Belgium - September 2018

by Dentons on

Directive (EU) 2015/ 2366 - Payment Services (PSD II) - Developments in Belgian Payment Services Regulation - The Law of 19 July 2018, that entered into force on 9 August 2018, implements certain provisions relating...more

Shearman & Sterling LLP

UK Conduct Regulator Consults on its Approach to Technical Standards and Guidelines Under the Revised Payment Services Directive

by Shearman & Sterling LLP on

The U.K. Financial Conduct Authority has launched a consultation on its approach to implementing Regulatory Technical Standards and related Guidelines developed by the European Banking Authority to supplement provisions of...more

Shearman & Sterling LLP

Final Draft EU Technical Standards on Home-Host Regulatory Cooperation Under the Revised Payment Services Directive

by Shearman & Sterling LLP on

The European Banking Authority has published a final report and final draft Regulatory Technical Standards under the revised Payment Services Directive on cooperation between national regulators in home and host states of a...more

Shearman & Sterling LLP

Financial Regulatory Developments Focus - August 2018

by Shearman & Sterling LLP on

In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

Shearman & Sterling LLP

UK Financial Conduct Authority Updates Guidance on its Approach to Payment Services and Electronic Money

by Shearman & Sterling LLP on

The U.K. Financial Conduct Authority has updated its Approach Document on payment services and electronic money, to reflect final guidelines issued in December 2017 by the European Banking Authority on security measures for...more

Shearman & Sterling LLP

UK Conduct Regulator Issues Statement on PSD2 Strong Customer Authentication and Common and Secure Communication Provisions

by Shearman & Sterling LLP on

Following the publication by the European Banking Authority of an Opinion and draft Guidelines on Regulatory Technical Standards under the revised Payment Services Directive for strong customer authentication and common and...more

Shearman & Sterling LLP

Corrigendum to the Revised Payment Services Directive Published

by Shearman & Sterling LLP on

A two-page corrigendum to the revised Payment Services Directive has been published in the Official Journal of the European Union. The corrigendum makes 11 corrections to the text of the PSD2 across one recital and eight of...more

Allen & Overy LLP

Allen & Overy's weekly update on Key Regulatory Topics - 6 April 2018 – 12 April 2018

by Allen & Overy LLP on

BREXIT - Please see the “Other” section for an update on the Joint Committee of ESAs’ report on the risks and vulnerabilities in EU financial system. CBI publishes report on the future of UK regulation On 11 April,...more

Shearman & Sterling LLP

European Commission Proposes Extending Fee Cap to Non-Eurozone Member States

by Shearman & Sterling LLP on

The European Commission has published a proposed Regulation to amend the Regulation on cross-border payments in the EU. The Regulation on cross-border payments provides, among other things, that charges for cross-border euro...more

Hogan Lovells

PBOC opens the door for foreign payment institutions

by Hogan Lovells on

On March 21, 2018, the Chinese central bank and regulator of payment services operators (“PSOs“), the People’s Bank of China (the “PBOC“) circulated PBOC Announcement No.7 of 2018 (the “Announcement“) lifting the de facto but...more

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Privacy Officer
JD Supra, LLC
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Sausalito, California 94965

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