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In July 2020, the European Data Protection Board (“EDPB”) published its guidelines on the interplay between PSD2 and GDPR for public consultation. Bird & Bird has filed a response to such public consultation which ...
On 5 August 2020, the French Ministry of Economy announced the launch of a mission on the digital transformation of the French Economy (in French “La mission numérique des grands groupes”). France aims to be one of ...
On 12 August 2020, the European Banking Authority (EBA) launched a Regtech industry survey inviting all relevant stakeholders, such as financial institutions and ICT third party providers, to share their views and ...
Card issuers, acquirers and merchants are among those preparing for a public hearing to take stock of the EEA Interchange Fee Regulation (Regulation (EU) 2015/751 – IFR), due to be organised by the European ...
On 9 July 2020, the UK Financial Conduct Authority (FCA) published a 'Dear CEO' letter (the "Letter") addressed to Authorised Payment Institutions and E-money Institutions ("Firms") highlighting 6 key areas where ...
At the 20th meeting of the 13th National People's Standing Committee held from 28th to 30th June 2020, the long-expected draft of the PRC Data Security Law ("Draft Data Security Law") received its first round of ...
Providers of certain Danish payment instruments – currently only the Danish Dankort scheme operated by Nets - have for several years been subject to pricing regulations limiting such providers to only charge payees ...
As part of the so-called Italian Budget Law 2020, the Government has introduced measures to promote the use of non-cash means of payment.
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 ...
In February 2020, a report submitted to the French Minister of the Economy and Finance (available here – the Report) suggests that a data localisation requirement should be imposed on payments data, and that France ...
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