Buy-Now-Pay-Later (BNPL) products to be regulated in the UK
Read our key takeaways from the Woolard Review regarding the Buy-Now-Pay-Later (BNPL) products in the UK: 20210224vf_bnpl-article
EU Commission’s latest position on the EU-UK personal data flows
EU Commission releases two draft adequacy decisions On the 19th of February 2021 the European Commission released two draft adequacy decisions: (i) one under the EU General Data Protection [...]
By DALIR
Posted European Data Protection Board’s Guidelines 6/2020 on the interplay of the Second Payment Services Directive and the GDPR
European Data Protection Board’s Guidelines 06/2020 on the interplay of the Second Payment Services Directive and the GDPR Earlier in December 2020, the European Data Protection Board (“EDPB”) [...]
PSPs and VAT e-Commerce Directive — European Commission Proposes New Rules for Payment Service Providers to Strengthen Fight Against VAT Fraud
On 12 December 2018, the European Commission proposed a new Council Directive that would impose obligations on payment service providers (“PSPs”) to record and report transaction information to [...]
The EBA issues Opinion on the use of eIDAS certificates under the RTS on SCA and CSC
On 10 December 2018, the European Banking Authority (“EBA”) issued an opinion to clarify the use of qualified certificates for electronic seals (“QSealCs”) and qualified certificates for website [...]
The ECJ’s restrictive interpretation of ‘payment account’ in Bundeskammer für Arbeiter und Angestellte v. ING-DiBa Direktbank Austria (Case C 191/17)
In a judgment laid down on 4 October 2018, the European Court of Justice (“the ECJ”) decided that an online savings account that allowed account holders to withdraw funds immediately and without [...]
The Results from the FCA’s Thematic Review on Money Laundering and Terrorist Financing Risks in the E-Money Sector
The UK’s Electronic Money Institutions, known also as e-money institutions or EMIs, generally have strong controls to mitigate money laundering and terrorist financing risks, according to a [...]
FCA publishes Consultation Paper on temporary permissions after Brexit
If your firm is: a provider of financial, payment, e-money and/or account information services, obtained a regulatory licence in Luxembourg, Netherlands, France, Germany or another EEA state, and [...]
Key takeaways from the House of Commons Treasury Committee Report on ‘Crypto-Assets’
Back in February, the House of Commons Treasury Committee (the “Committee”) opened an inquiry into crypto-assets that involved over fifty written submissions, three oral evidence sessions, and [...]