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Payment Systems UK Competition and Markets Authority (CMA) Financial Institutions

A&O Shearman

UK Payment Systems Regulator Publishes Response to Call for Views on Expanding Variable Recurring Payments

A&O Shearman on

The U.K. Payment Systems Regulator has published a response to its call for views on proposals for the expansion of variable recurring payments. VRPs allow customers to safely connect authorised payment providers to their...more

A&O Shearman

UK Proposes Design of the Future Entity for UK Open Banking

A&O Shearman on

On April 19, 2024, the U.K.'s Joint Regulatory Oversight Committee published proposals on the design of the future entity for UK Open Banking. The JROC is composed of the Financial Conduct Authority, the Payment Systems...more

Hogan Lovells

Open Banking: JROC recommendations on next phase aim to keep UK ahead of the pack

Hogan Lovells on

The Joint Regulatory Oversight Committee (JROC), co-chaired by the FCA and the Payment Systems Regulator (PSR) and with HM Treasury (HMT) and the Competition and Markets Authority (CMA) as the other members, has published its...more

Cooley LLP

Blog: UK FCA Writes To Currency Transfer Service Providers, After MP Criticises It For Failing To Act

Cooley LLP on

The UK’s Financial Conduct Authority has e-mailed currency transfer service providers about their legal obligations, when they’re advertising exchange rates. The e-mail seems to have been sent in response to Parliamentary...more

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