In Depth: Brexit Preparations Held Back By Regulatory Downpour

The recent onslaught of EU regulatory compliance deadlines is stalling Brexit planning for small payment firms as the clock ticks closer to the UK’s departure from the European Union, experts have said.  

Last week the European Commission issued a gentle reminder to banking, payment and e-money service providers of the legal repercussions they should consider when the UK becomes a third country in the eyes of European legislation.

Echoing statements from HM Treasury, the Financial Conduct Authority and other UK regulators, it reiterated the consequences of the UK’s withdrawal from the union, starting with authorisation.  

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.