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 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 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.
The EMA submitted a response to HMRC consultation on Alternative method of VAT collection – split payment on 2 July 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.
We share industry insights about #cyber resilience and encourage others to learn from them https://t.co/AqyiRtyNJG
EC considers regulatory push for TIPS instant payments https://t.co/MlfZzj1CZN #fintech
Huge success with the progress of our #blockchain technological #sandbox #LBChain- more than 20 #FinTech companies all around Europe applied for participation in the project. https://t.co/KLm4DEjPk3
Our third video on Payment Services regulation focuses on the interaction between the FCA and authorised firms, and the key things firms should bear in mind. Watch the full video at https://t.co/QbSWrPh7rT #payments #PSD2
📢 Register for our Brexit Briefings for firms
🗓️ 11 March: Central London
🗓️ 14 March: Edinburgh
We will provide an update on our Brexit preparations and our panel will answer your questions
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.