News & Analysis as of

Payment Systems Financial Regulatory Reform United Kingdom

Skadden, Arps, Slate, Meagher & Flom LLP

The UK’s Pursuit of Open Finance

In April 2024, the UK government reiterated its vision for open finance, with UK Economic Secretary Bim Afolami (MP) announcing the creation of the Open Finance Taskforce at the 2024 Innovate Finance Global Summit. The...more

A&O Shearman

Key Regulatory Topics Weekly Update 16 February to 22 February 2024

A&O Shearman on

Of particular note this week in the EU, the Council adopted the legislative package to strengthen market data transparency which includes changes to the EU’s trading rules on market data, payment for order flow and commodity...more

A&O Shearman

Paving the way for the future of payments – Instant payments at a glance

A&O Shearman on

As the final compromise text of the so-called Instant Payments regulation has just been published, our regulatory payment experts have summarised the key obligations that will apply to payment service providers in this...more

Latham & Watkins LLP

The Edinburgh Reforms - Where Are We Now?

Latham & Watkins LLP on

As the pace of reform increases, we take a look at key developments and the timeline ahead. Significant progress has been made on the Edinburgh Reforms since they were announced in December 2022, with developments...more

Hogan Lovells

Payments regulatory news, July 2021

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ISO 20022 payment messages: Pay.UK and BoE collaboration The Bank of England (BoE) and Pay.UK have published a joint press release announcing collaboration on ISO 20022 payment messages. The BoE and Pay.UK are implementing...more

Hogan Lovells

Payments regulatory news, June 2021 #2

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Hogan Lovells Global Payments Newsletter: June 2021 We have published our latest Global Payments Newsletter which reports on key developments of interest to the payments sector over the last month, including ...more

Hogan Lovells

Payments regulatory news, April 2021 # 3

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Recent regulatory developments focussed on the payments sector. Reports on a BoE update on its policy for omnibus accounts in its RTGS service, and an LSB update on the CRM Code for APP scams. ...more

Hogan Lovells

Payments regulatory news, April 2021 # 2

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Omnibus accounts for payment systems operators and prefunding accounts: BoE update - The Bank of England (BoE) has updated its webpage on payment and settlement to add the following new sections to the information provided in...more

Hogan Lovells

Payments regulatory news, March 2021 # 2

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Contactless payments: FCA PS21/2 on amendments to single and cumulative transaction thresholds - Following its consultation in CP21/3, the UK Financial Conduct Authority (FCA) has published a policy statement ...more

Hogan Lovells

Financial institutions general regulatory news, February 2021 # 3

Hogan Lovells on

COVID-19: PRA statement on COVID-19 regulatory reporting amendments -On 5 February 2021, the UK Prudential Regulation Authority (PRA) has published a further statement on COVID-19 regulatory reporting amendments. ...more

Hogan Lovells

Payments regulatory news, February 2021 # 2

Hogan Lovells on

New Payments Architecture: PSR CP21/2 The UK Payment Systems - Regulator (PSR) has published a consultation paper, CP21/2, on the options for reducing risks to the successful delivery of the New Payments Architecture (NPA)....more

Hogan Lovells

Global Payments Newsletter, December 2020

Hogan Lovells on

Key developments of interest over the last month include: United Kingdom: HM Treasury is consulting on proposed insolvency changes for payment institutions and electronic money institutions, including a bespoke special...more

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