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Payments Regulation

On July 19, 2018, the Financial Conduct Authority (FCA) published its annual and accounts report for 2017/18, highlighting the main work undertaken by the authority throughout this period.The...
On July 18, 2018, the Credit Information Evaluation Department of the Financial Supervisory Service (FSS) announced the implementation framework for the local “My Data” pilot project for financial...
The spread of contactless technology payments is the main factor that has influenced the increase in card purchases in Hungary. The central bank considers the enhanced regulation and supervision of...
On July 20, 2018, the Payment Systems Regulator (PSR) published a protocol agreed upon, and to be implemented, by itself and the Financial Conduct Authority (FCA) in relation to the enforcement of...
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
On July 19, 2018, the Personal Information Protection Commission launched a public consultation on amendments to the Guidelines on Proper Handling of Specified Personal Information (Business...
The General Data Protection Regulation (Regulation 2016/679), also known as GDPR, will significantly increase the responsibilities and obligations for payments businesses in how they collect and...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
On August 10, 2017 the French government published a report which had been sent to the President on Ordinance 2017-1252 of August 9, 2017 transposing the revised Payment Services Directive (PSD2)...
On July 18, 2018, the Swiss Financial Market Supervisory Authority (FINMA) published amendments that would bring about changes to its anti-money laundering ordinance (AMLO-FINMA). This initiative...
On July 18, 2018 the European Banking Authority (EBA) published its final guidelines on reporting requirements for fraud data under Article 96(6) of the revised Payment Services Directive (PSD2)....
On February 6, 2018, the Department of Financial Policy at the Ministry of Finance published a draft law on the detection and prevention of money laundering and terrorism financing, incorporating...
On July 16, 2018, the Qatar Central Bank (QCB), the Qatar Financial Markets Authority (QFMA) and the Qatar Financial Centre Regulatory Authority (QFCRA) issued comprehensive guidance in relation to...
On January 11, 2018, the Hong Kong Monetary Authority (HKMA) launched a consultation on the Open Application Programming Interfaces (API) framework, setting out the authority's approach to open...
On July 17, 2018, the Financial Conduct Authority (FCA) published two documents, the Approach to Consumers paper and a discussion paper on the Duty of Care, by means of which the authority sets out...
With a sophisticated payments industry and a regulatory framework that has been adapted to digital developments, including tighter coordination between the financial services and digital...

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