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:
France publishes seven Decrees to complete the implementation of PSD2: The French government has published seven Decrees to supplement the Ordinance 2017-1252 implementing PSD2 which address requirements applying to payment institutions and mandatory information to be used in payment services contracts.
UK FCA publishes revised guidance and Handbook rules for PSD2: On 19 September 2017, the FCA published the final revisions to its Payment Services Approach Document to reflect PSD2, the UK Payment Services Regulations 2017, and industry feedback.
Developments in PSD2 implementation in Italy: On 15 September 2017, the Italian Government approved, on a preliminary basis, a draft decree implementing PSD2 and the Interchange Fee Regulation and published an accompanying explanatory memorandum.