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Tag Archives: e-commerce

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l July 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

EBA responds to Commission’s amendments to the Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l June 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

European Commission proposed amendments to draft RTS Continue Reading

Posted in Policy & Regulation Falk SchoeningKay Jebelli

Sharing Economy: European Parliament call for EU level guidance on employment and social security questions

To regulate or not to regulate: This question becomes relevant for the sharing economy after last week’s European Parliament resolution calling for clear EU guidelines on the collaborative economy. The resolution is a response to the European Commission’s Communication on “A European agenda for the collaborative economy” from June 2016 which took a light or even non-regulation approach regarding … Continue Reading

Posted in Digital Single Market (EU), e-commerce Jamie PollockAlice Wallace-Wright

European Commission goes online with final report in e-commerce sector inquiry

The final report on the European Commission’s e-commerce sector inquiry was published last week and contains some important observations about how online channels of distribution are transforming consumer goods and digital content markets.

Margrethe Vestager, the European Commissioner in charge of competition policy, launched the Commission’s e-commerce sector inquiry in May 2015, announcing that “European citizens face too many barriers … Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l April 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • FCA launches consultation on revised guidance and
Continue Reading
Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l March 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • EBA publishes final draft RTS on Strong
Continue Reading
Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l February 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • HM Treasury consults on PSD2 implementation: the
Continue Reading
Posted in e-commerce, Policy & Regulation, Technology Emily Reid

Webinar recording – UK PSD2 implementation

HM Treasury published a consultation paper and draft Payment Services Regulations 2017 for a short 6 week consultation period ending on 16 March 2017.

The consultation paper states that the Government aims to finalise and lay the final implementing legislation in Parliament in ‘early 2017 to provide industry with as much time as possible to adjust to any changes required’.… Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l January 2017

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • EBA consults on guidelines on security reporting:
Continue Reading
Posted in e-commerce, Policy & Regulation, Technology Federico Hernández Arroyo

Cryptocurrencies prompt contrasting reactions by Latin American regulators

While used by organized crime, cryptocurrencies are also becoming accepted as a legitimate payment method by mainstream sectors of the economy in Latin America. Currently, some stores, start-ups, restaurants, hotels, and other online businesses are accepting Bitcoin and other cryptocurrencies as a valid payment method. Online exchange platforms are emerging rapidly and even ATMs have been installed to carry out … Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l December 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • PSF Strategy launch: the Strategy aims to
Continue Reading
Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l November 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • UK PSR policy statement on IFR guidance
Continue Reading
Posted in e-commerce Adrian EmchAndy Huang

Chinese payment encryption device suppliers fined for participation in government-orchestrated cartel

On 4 November 2016, the State Administration for Industry and Commerce (“SAIC“) – one of China’s antitrust authorities – published on its website three decisions, whereby three payment encryption device suppliers were fined by SAIC’s branch in Anhui Province (“Anhui AIC“).  Payment encryption devices are used by bank customers to protect the security of payments
Continue Reading
Posted in e-commerce Eugene Low

China strengthening consumer protection in e-commerce

It is no exaggeration to say that e-commerce is huge in China. E-commerce sales on China’s Singles’ Day (11 November 2016) have been hitting record-high year and year again. This year, it was reported that online consumers of Alibaba’s Chinese website have spent over US$17 billion on the Singles’ Day in just 24 hours.

Amid this popularity of e-commerce, the … Continue Reading

Posted in e-commerce, Policy & Regulation, Technology

Hogan Lovells Global Payments Newsletter l September 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Real time gross settlement system: The Bank
Continue Reading
Posted in Digital Single Market (EU), e-commerce Falk SchoeningPeter Citron

European Commission’s e-commerce sector inquiry – increasing antitrust heat

Online sales are not only attracting the attention of consumers and tech businesses, but also increased review by antitrust regulators. The European Commission yesterday published a detailed 290 page preliminary report on its e-commerce sector inquiry.

While commenting on the release of the report, EU Competition Commissioner Margrethe Vestager stated that the report should be “a trigger for companies Continue Reading

Posted in Policy & Regulation Eugene Low

Trending to the positive: New draft regulations for consumer protection in China

China’s State Administration for Industry and Commerce (SAIC) recently released its draft Implementing Regulations on the Protection of the Rights and Interests of Consumers (Draft Regulations) for comments.  The Draft Regulations seek to further strengthen consumer rights in China. Proposed changes include setting mandatory returns and exchange arrangements, tackling aggressive selling behaviour and expressly prohibiting cold calls. In this article … Continue Reading

Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l July 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Super-lobby group planned: The British Bankers’ Association,
Continue Reading
Posted in Data Protection & Privacy Julie Brill

Privacy Shield is the Right Replacement for Safe Harbour

Julie Brill, Hogan Lovells partner, and co-head of our global privacy and Cybersecurity practice, recently commented on the EU-US Privacy Shield for the EurActiv publication.  Her comments are republished here, with permission:

The free flow of data is essential to an ever-growing segment of the global economy.  Yet some policymakers and advocates, citing privacy concerns, have called for shutting off … Continue Reading

Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l June 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Round Two: With phase 2 of the
Continue Reading
Posted in e-commerce Lewis Cohen

Hogan Lovells and SFIG get to grips with the structured finance blockchain

Chances are, at some point you’ve heard of the blockchain, or perhaps at least Bitcoin.  It’s an increasingly hot topic as more and more attention is being paid to digital currency.  The blockchain is what makes Bitcoin, and other similar transactions involving digital currencies, viable.  Simply put, a blockchain is a time-stamped and linked shared digital ledger of transactions, accessible … Continue Reading

Posted in e-commerce, Internet, Policy & Regulation

Hogan Lovells Global Payments Newsletter l May 2016

Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.

Key developments of interest over the last month include:

  • Branchless banks: Mobile-only start up Atom Bank
Continue Reading
Posted in Digital Single Market (EU) Matthew LevittJan Blockx

DSM Watch: Proposed commitments in European Commission’s UK Pay-TV investigation focus on allowing “passive sales” of broadcasting content outside territory

On 22 April 2016, the European Commission published for comment the first set of commitments offered in the UK Pay-TV investigations. Those commitments represent an important milestone in the Commission’s efforts to reduce the effects of territorial restrictions in content licensing agreements and may foreshadow the legislative proposals which the Commission has announced for the coming months.

Background

On 23 … Continue Reading

Posted in Digital Single Market (EU), e-commerce Mathias Schönhaus

DSM Watch: VAT Action Plan – the start of VAT regime reform?

On 7 April 2016 the European Commission released its VAT Action Plan, which provides a pathway to the creation of a single Value Added Tax (VAT) area in the European Union.  The Commission considers the current VAT system to be a core element of the single market that should assist in facilitating trade within the single market. However, the Commission … Continue Reading