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Regulatory Requirements Payment Systems New Regulations

A&O Shearman

PSR consolidated policy statement on APP scams reimbursement requirement

A&O Shearman on

The UK Payments Systems Regulator (PSR) has published a consolidated policy statement (PS25/5) concerning the authorised push payment (APP) fraud reimbursement requirement within the Faster Payments system, which came into...more

Hogan Lovells

UK payment services: final rules limiting rights for PSPs to exit customer relationships laid before Parliament

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While recent announcements have focussed on the government’s growth agenda, HM Treasury (HMT) has also now pressed ahead with publishing final draft regulations limiting the rights for banks and other payment service...more

A&O Shearman

BoE response to discussion paper on reviewing access to RTGS accounts for settlement

A&O Shearman on

On 8 April, the Bank of England (BoE) has published its response to the discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement. In the discussion paper, initially published on 8...more

Hogan Lovells

The European Accessibility Act: What should financial services firms be focusing on as the June 2025 compliance deadline...

Hogan Lovells on

There are over 80 million people with disabilities in the EU. The European Accessibility Act 2019 (EAA) (Directive (EU) 2019/882) implements the UN Convention on the Rights of Persons with Disabilities (UNCRPD) and aims at...more

A&O Shearman

Instant Payments Regulation - January 2025

A&O Shearman on

In order to increase the use of instant credit transfers in euros at Union level, the EU legislators have amended Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct...more

Latham & Watkins LLP

Singapore’s PSA Boosts Rapidly Evolving Payment Services Landscape

Latham & Watkins LLP on

Upgraded legislation creates an enhanced regulatory framework for the new age of payments, including e-money and digital payment tokens.  After much anticipation, and following consultations with the industry at large, the...more

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