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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...
On May 22, 2018 the Monetary Authority of Singapore (MAS) published a consultation paper on reviewing the recognised market operators (RMO) regime, which proposes to amend the regime that has been...
On May 22, 2018, the Ministry of Finance promulgated amendments to the "Tax Penalty Cases Regulation" and to the "Tax Penalty Cases Disciplinary Penalties or Multiple Reference Table Regulation"....
On May 16, 2018 the Banking (Cash Machine Charges and Financial Inclusion) Bill 2017-19 passed its first reading in the House of Commons, under the "Ten Minute Rule"....
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...
Transposition of the revised Payment Services Directive (PSD2) in Poland is imminent, but complications for third-party access to accounts remain until additional security rules kick in.
On May 15, 2018, the Securities and Exchange Commission of Thailand (SEC) announced the Royal Decree on the Digital Asset Businesses B.E. 2561 (2018) has become effective as of May 14, 2018. The...
The UK privacy watchdog has released its final guide to consent under the General Data Protection Regulation (GDPR), two weeks ahead of the extensive EU reforms entering into full force.
Australia has opened its doors to a new wave of aspiring digital banks with the finalisation of its restricted deposit-taking regime, but experts cautioned that applicants face a difficult road to...
On May 8, 2018, the Austrian Financial Market Authority (FMA) released a guidance paper on information and communication technology (ICT) security in credit institutions....
On May 9, 2018 the National Authority for Consumer Protection (ANPC) launched a consultation on a draft ordinance on payment services to transpose the revised Payment Services Directive (PSD2)....
On May 9, 2018, the Payment System Department of the State Bank of Pakistan issued Circular no. 03 of 2018 in relation to the new Electronic Fund Transfers (EFT) Regulations, under the mandate of...
On May 4, 2018 the Monetary Board, within Bangko Sentral ng Pilipinas (BSP), the Philippines central bank, approved the regulations that implement the Philippine Credit Card Industry Regulation Law...
On November 3, 2017 HM Treasury published a consultation on the Image Clearing System (ICS) for cheques, with the aim of ensuring that it does not have any detrimental impact on the existing...
Landmark reforms to Thailand’s regulatory framework for non-bank payment providers are likely to open doors to new market entrants and foreign firms, legal experts believe.
On April 25, 2018, the Financial Services and Markets Authority (FSMA) announced that it was looking for public feedback on its draft regulation on the prevention of money laundering and terrorist...

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