The EMA submitted a response to the Central Bank of Ireland Notice of Intention – Amendments to the list of Pre-Approval Controlled Functions (PCFs).
Archive | EMA publications
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.
October 21, 2021
October 18, 2021
EMA letter to HMT re Economic Crime Levy
The EMA responded to HM Treasury draft legislation on Economic Crime (Anti-Money Laundering) Levy.
The EMA strongly urge HMT to review the revenue-based model for the levy again, as – according to the definitions of turnover and revenue in the draft legislation – it will have a hugely disproportionate impact on startups in the Fintech and PSP sector, as well as firms that are growing but remain loss-making. This impact is not necessarily reflective of the AML/TF risk posed by these firms either.
October 16, 2021
October 15, 2021
EMA response to HMT CP on the MLRs 2017 SI 2022
The EMA responded to HM Treasury CP on Amendments to the Money Laundering Regulations 2017 Statutory Instrument 2022 and to HM Treasury Call for Evidence on the AML Regulatory and Supervisory Regime.
View the EMA response to HMT Amendments to MLRs 2017 – SI 2022
View the EMA response to HMT Call for Evidence on AML Regime
October 12, 2021
September 29, 2021
EMA response to EC Review of Distance Marketing Directive
The EMA submitted a response to the European Commission consultation Distance marketing of consumer financial services – review of EU rules.
September 14, 2021
September 10, 2021
EMA response to PSR Consultation on 5 year strategy
The EMA submitted a response to the Payment Systems Regulator consultation on the 5 year strategy.
