The EMA submitted a response to the European Data Protection Board Consultation on Guidelines 06/2020 on the interplay of the Second Payment Services Directive and the GDPR.
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.
The EMA responded to the Greece Ministry of Finance consultation on amendments to Law 4557/2018 (A’139) for the prevention and suppression of money laundering and terrorist financing (5MLD implementation).
The EMA submitted a response to the EPC public consultation on the SEPA Request-to-Pay Scheme Rulebook.
The EMA submitted a response to the European Commission’s Questionnaire on the Money laundering & terrorism financing – action plan.
The EMA sent a letter to the Financial Conduct Authority regarding the termination of FCA Fortnightly calls with AISPs, PISPs and CBPIIs to discuss issues with dedicated payment account access interfaces.
The EMA responded to the EBA revised Draft Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘’The Risk Factors Guidelines’’), amending Guidelines JC/2017/37.
We have just published updated versions of the 2019 EPC SEPA payment scheme rulebooks. They are in force from 1 December 2020 to 21 November 2021: https://bit.ly/2GaVEVS
Join us on 11 November at 12.00 PM for 'Open Banking, PSD2 and beyond' at IFW 2020 Online!
Get your pass now: http://www.istanbulfintechweek.com
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#EBA revised GLs on major incident reporting under #PSD2 aim at
✔️simplifying the reporting process
✔️capturing additional relevant #security incidents
✔️improving the meaningfulness of the incident reports received
⏳Send your comments by 14 December➡️
Regulated firms operating x border face increasing gold-plated AML requirements at local level e.g. appointment of local contact points, data & SAR reporting to local regulators; this reduces firms' ability to dedicate resources to AML-TF risks across the firm. #StopDirtyMoneyEU
🔴Follow the #StopDirtyMoneyEU conference on #AML.
#JMCampa, the #EBA Chair, is starting his panel now.
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.