The EMA responded to Payment System Regulator’s consultation MR18/1.1 on Draft Terms of Reference: Market review into the supply of card-acquiring services on 14 September 2018.
A blog with the latest information on regulatory developments in the area of electronic money and innovative payments.
Judith Crawford, EMA’s Director of policy and operations will be on a panel at Association of UK Payment Institutions (AUKPI) Conference 2018 in London, discussing:
“Access to bank accounts: latest status including follow-on to Payment Strategy Forum stream and implementation of Article 105 of the 2017 Payment Services Regulations”
Information about the conference agenda is here.
The EMA responded to the Ireland’s Department of Business, Enterprise and Innovation consultation on gift voucher fees and expiry dates on 31 August 2018.
The EMA submitted a Consultation Response to Draft EBA Guidelines on the conditions to be met to benefit from an exemption from contingency measures under Art.33(6) of the RTS on SCA and CSC on 13 August 2018.
CEO of the EMA Thaer Sabri joined the panel on The Future payments at Webit Festival Europe 2018 in Sofia, Bulgaria on 26 June.
The panel discussed the following topics:
1.What are the main changes taking place in payments?
2.What is the likely impact of open banking on payments?
3. Why have digital currencies not yet taken off as payment instruments?
See for extra information here.
The EMA submitted a response to HMRC consultation on Alternative method of VAT collection – split payment on 2 July 2018.
The EMA submitted a letter to European Commission on draft Regulation amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges – COM(2018)163 – on 12 June 2018.
The EMA responded to HMRC Call for evidence on Online platforms’ role in ensuring tax compliance by their users on 11 June 2018.
The EMA responded to BaFin Consultation 05/2018 on Guidelines on AML law – Entwurf: Auslegungs- und Anwendungshinweise gemäß § 51 Abs. 8 Geldwäschegesetz on 11 May 2018.
Together with Fdata, TechUK and UK Finance, the EMA has developed draft voluntary industry guidance setting out best practice for screen-scraping during the transition period until the RTS on SCA and CSC comes into force in Q3 2019.