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 Handbook rules for PSD2: On 13 April 2017, the FCA published a consultation (CP17/11) on proposed updates to its Payment Services Approach Document, Handbook and Perimeter Guidance Manual (PERG) to reflect PSD2 implementation in the UK.
- Legislation implementing the Payment Accounts Directive (PAD) is introduced in Italy: A legislative decree to implement PAD was published in the Italian Official Gazette on 30 March 2017 and enters into force on 14 April 2017.
- EPC updates white paper on mobile payments in Europe: On 14 March 2017, the European Payments Council published version five of its white paper on mobile payments across the Single Euro Payments Area following responses to a consultation that opened in June 2016.