The EMA submitted a response to the FCA consultation CP18/25: Approach to final Regulatory Technical Standards and EBA guidelines under the revised Payment Services Directive (PSD2) on 12 october 2018.
The EMA submitted a response the Law Commission Anti-Money Laundering: the SARs Regime consultation on 4 October 2018.
On 3 October 2018, the FCA published the findings of their long-awaited AML Thematic Review into the e-money sector.
Brief overview of the report:
The EMA submitted a response to the FCA consultation CP18/16 on Authorised push payment fraud – extending the jurisdiction of the Financial Ombudsman Service on 3 October 2018.
The EMA submitted a response to the EBA Consultation on draft Guidelines on outsourcing (EBA/CP/2018/11) on 24 September 2018.
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.
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.