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  1. Legal news
    29 March 2021
    The UK’s Payment Systems Regulator has published its Annual Plan and Budget for 2021/22
    www.twobirds.com/en/news/articles/2021/uk/the-uk-payment-systems-regulator-has-published-its-annual-plan-and-budget-for-2021-22

    On 24 March 2021, the PSR published its Annual Plan and Budget for the forthcoming year, outlining its plans to improve outcomes in payments now, but also in the future. The PSR is the first economic regulator to ...

  2. Legal news
    03 December 2020
    Dutch regulator calls for tighter regulation of Big Techs in payment market study
    www.twobirds.com/en/news/articles/2020/netherlands/dutch-regulator-calls-for-tighter-regulation-of-big-techs-in-payment-market-study

    On 1 December 2020, the Dutch competition authority (ACM) published its long-awaited report on the role of major technology firms (Big Techs) in the payment market. The publication of the report was expected in the ...

  3. Legal news
    15 June 2021
    When talk isn’t so cheap: information exchange and the Financial Sector in the EU/UK
    www.twobirds.com/en/news/articles/2021/global/when-talk-isnt-so-cheap-information-exchange-and-the-financial-sector-in-the-eu-uk

    Information exchange within the financial sector continues to be firmly on the EU and UK competition authorities’ radar, with significant fines being imposed for illicit conduct. This article sets out an overview of the ...

  4. Legal news
    02 August 2021
    EU publishes package of legislative proposals aimed at strengthening AML/CFT rules
    www.twobirds.com/en/news/articles/2021/global/eu-publishes-package-of-legislative-proposals-aimed-at-strengthening-aml-cft-rules

    On 20 July 2021, the European Commission published a package of legislative proposals aimed at strengthening the EU's anti-money laundering and countering terrorism financing (AML/CFT) rules. The AML package is ...

  5. Legal news
    13 February 2020
    Apple Pay under Competition Law scrutiny
    www.twobirds.com/en/news/articles/2020/global/apple-pay-under-competition-law-scrutiny

    DG COMP is investigating Apple Pay. In this article, we discuss some of the issues that, we believe, must be discussed at part of that investigation.

  6. Legal news
    19 July 2021
    Dutch competition authority closes regulatory investigation into NFC antenna
    www.twobirds.com/en/news/articles/2021/netherlands/dutch-competition-authority-closes-regulatory-investigation-into-nfc-antenna

    The Dutch competition authority (ACM) has decided to close its investigation into payment apps’ access to Apple’s Near-Field Communication (NFC) antenna. The ACM concludes that the EU Interchange Fee Regulation (IFR) ...

  7. Legal news
    07 January 2021
    UK and EU Trade and Co-operation Agreement - Key points to consider for financial services and payments
    www.twobirds.com/en/news/articles/2021/uk/uk-and-eu-trade-and-co-operation-agreement-key-points-to-consider-for-financial-services

    The UK and the EU agreed a Trade and Co-operation Agreement (TCA) on 24 December 2020 which came into force on 1 January 2021 on 'basis' which is provisional until full ratification. The TCA covers many areas, mainly ...

  8. Legal news
    06 May 2021
    Bigtech entry in the payment sector raises potential competition law risks according to the French Competition Authority
    www.twobirds.com/en/news/articles/2021/global/bigtech-entry-in-the-payment-sector-raises-potential-competition-law-risks

    On 29 April The French Competition Authority (FCA) published its report on the Fintech sector (available here, in French). This report follows its payment sector inquiry launched in January 2020, which primarily focused ...

  9. Legal news
    18 June 2020
    The European Commission opens formal antitrust probes against Apple in relation to Apple Pay and the App Store
    www.twobirds.com/en/news/articles/2020/france/the-european-commission-opens-formal-antitrust-probes-against-apple-in-relation-to-apple-pay

    While the payment sector is under the authorities’ spotlight with two on-going public consultations on payments and fintech launched by the European Commission (EC – see our alert here) and a separate consultation on ...