Spain's attempts to lure UK payments institutions concerned over the potential loss of passporting rights are being hampered by slow adoption of EU regulatory requirements in the country.
On September 7, 2017 the Ministry of Justice and Emergency Affairs published a consultation on transposing the revised Payment Services Directive (PSD2) into domestic laws. The proposal intends to...
On November 14, 2017, the European Parliament adopted the provisional action plan (2017/2066(INI)) to be implemented in relation to retail financial services, with the aim of ensuring consumer...
The European Commission has referred Spain to the Court of Justice of the European Union for being more than a year late in implementing payment account reforms.
The European Banking Authority (EBA) is consulting on draft regulatory technical standards which set out the standardised terminology for the most common services linked to a payment account, the...
On March 23, 2017 the European Commission published its "Consumer Financial Services Action Plan: Better Products, More Choice", in which the commission underlines its efforts, focusing on...
The Ministry of Economy, Industry and Competitiveness, through the Spanish Treasury, has issued a public consultation paper on the transposition of the EU Payments Account Directive (PAD).The...
The Ministry for Justice, Culture and Local Government published the Credit Institutions and Financial Institutions (Payment Accounts) Regulations 2016 on December 7, 2016 to implement the EU...
The Malta Financial Services Authority (MFSA) has launched a consultation on the implementation of the EU Payment Accounts Directive (PAD) in national legislation. Malta, like all member states,...
The French government has finalised amendments to e-money laws, including new top-up thresholds, designed to prevent the use of anonymous payment methods for financing terrorist activity.
The Hungarian government has issued Decree 262/2016 and Decree 263/2016 (Official Gazette of August 31, 2016) to transpose the Payment Accounts Directive (Directive 2014/92) into national...
The Bulgarian National Bank (BNB), the central bank of Bulgaria, has introduced amendments to Ordinance 3 of July 16, 2009 “(consolidated version) on the Terms and Procedure for the Execution of...
The Bulgarian parliament has passed the Law amending the law on payment services and payments systems, which was published in Official Gazette 59/2016 (July 29, 2016). This law contains amendments...
The UK government has published a policy paper providing information on how the country has met its responsibilities under the European Payment Accounts Directive (PAD).The government created the...
The Payment System Regulator (PSR) has designated Current Account Switch Service (CASS), operated by Bacs Payments Schemes, as an alternative switching scheme under the Payment Accounts Regulation...
Preparation for imminent EU payment account laws has proved difficult for e-money and payments businesses across the continent, experts have said.

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