Topic
Payment
982 published works
GT London Law Blog
UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
By Matt Hancock
The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal is to replace the current…
Banking, Finance and Securities
FCA reviews payment firms’ implementation of the Consumer Duty
By Anita Edwards, Simon Lovegrove (UK)
On 9 October 2024, the Financial Conduct Authority (FCA) published its review into payment firms’ implementation of the Consumer Duty (Duty) and how they have considered the specific payments sector…
Financial Services Observer
UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
By Matt Hancock
The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal is to replace the current…
Global Regulation Tomorrow
Key regulatory dates in October 2024
4 October UK On 9 September 2024, the Financial Conduct Authority (FCA) published a Guidance Consultation, GC24/5, setting out proposed changes to its Payment Services and Electronic Money Approach Document…
Global Regulation Tomorrow
BoE update on extending RTGS hours
By Anita Edwards, Simon Lovegrove (UK)
On 3 October 2024, the Bank of England (BoE) published its response to its earlier discussion paper on exploring longer operating hours for RTGS and CHAPS. The response summarises the…
Consumer Financial Services Law Monitor
The Evolving Landscape of B2B Payments: Regulatory Trends and Financial Practices Explained
By Josh McBeain, Caleb Rosenberg
In this episode of Payments Pros, host Josh McBeain is joined by Caleb Rosenberg, a member of the firm's Consumer Financial Services practice group, to discuss the complexities of business-to-business…
Global Regulation Tomorrow
PSR confirms maximum level of reimbursement for Faster Payments APP scams
By Anita Edwards, Simon Lovegrove (UK), Albert Weatherill (UK)
On 25 September 2024, the Payment Systems Regulator (PSR) confirmed that the maximum reimbursement limit for victims of Faster Payments authorised push payment (APP) scams will be £85,000. The PSR…
Global Regulation Tomorrow
CP24/20: Changes to the safeguarding regime for payments and e-money firms
By Anita Edwards, Simon Lovegrove (UK), Albert Weatherill (UK)
On 25 September 2024, the Financial Conduct Authority (FCA) published Consultation Paper 24/20 on proposed changes to the safeguarding regime for payments and e-money firms. The aim of the proposals…
Global Regulation Tomorrow
PSR PS24/6 – Supporting the identification of APP scams and civil disputes
On 23 September 2023, the Payment Services Regulator (PSR) published Policy Statement 24/6: Supporting the identification of APP scams and civil disputes (PS24/6). In PS24/6 the PSR provides feedback to…
Paytech & Payment Systems Insights
What is the Future of FBO Accounts?
By Nicole Meisner, Katherine Rothstein, Aisha Hall
For years, “FBO” has been one the payments industry’s favorite buzz words. The FBO account structure has been a common “best practice” by payments providers seeking to remove themselves from…