In October 2011 the Financial Services Authority consulted the market on the new levy/fee structure for 2012/2013. The Ema responded with a brief remark as to the application of fees on dormant accounts.
The EMA frequently responds to government and European consultations on regulation that impacts the e-money and payment services industry. Sometimes, we also express our views on issues that are raised in the public domain where we feel it is important to provide an industry input.
Our publications reflect the views of the EMA as whole; individual members’ views may vary from time to time. The public consultation responses are listed below. For further information on these positions, please contact us.
📤 #EBA Opinion sets deadline for 3⃣1⃣ December 2020 for the migration to #SCA under the revised #PSD2 for e-commerce card-based payment transactions. The Opinion prescribes the expected actions to be taken during the migration period. #consumerprotection
EBA urges continued progress in financial institutions' preparations for #UK's departure from #EU ➡️ assets, appropriate staff and data in place to support authorisations and customers adequately informed. #Brexit
Check #EBA communication released today: http://europa.eu/!GF83wV
A ‘no-deal’ scenario on 1 November 2019 remains a possible, although undesirable, outcome.
If you have a business in the EU27, it is now time to make your final preparations.
To help you with that, we have published a detailed checklist here → https://europa.eu/!kf87TP #Brexit
We have published an update for firms on the rules for Strong Customer Authentication. In some circumstances we have agreed to give firms extra time to implement these rules. See more on our expectations https://www.fca.org.uk/firms/strong-customer-authentication?twitter #PSD2 #SCA
Does your business or organisation receive personal data from the EU? Read our guidance to make sure you are ready for Brexit: https://www.gov.uk/guidance/using-personal-data-after-brexit
Since April 2014 we have been holding the monthly EMA meetings at our office in Surbiton. We usually start the subcommittee meeting at 11.00 and the main meeting at 1pm. Our office is easy to reach: Surbiton is 15-20 minutes on the main line from Waterloo, and we are less than five minutes’ walk from the station. The office is also next to a large Waitrose, and Surbiton has more coffee shops within 500m of the station than anywhere else in London.