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 Customer Authentication: the EBA released the draft RTS mandated by PSD2 on 23 February 2017. Key changes from the previous draft include the banning of “screen scraping” and new exemptions to the requirement for strong customer authentication.
- HM Treasury publishes draft AML Regulations and response to consultation: On 15 March 2017, HM Government published its findings from the consultation on the Fourth Anti-Money Laundering Directive. It has also published the draft AML regulations which contain a number of additions to the existing AML regulations.
- EBA consults on guidelines for complaints of infringements of PSD2: the EBA published draft guidelines for competent authorities on the complaints procedures to be considered by PSPs to ensure compliance with PSD2 on 16 February 2017.