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  1. Legal news
    23 March 2021
    CMA launches consultation on the future governance of open banking

    As the implementation phase of open banking comes to an end, the UK’s Competition and Market’s Authority (CMA) is currently accepting submissions from stakeholders on proposals by banking industry body UK Finance to ...

  2. Legal news
    29 March 2021
    The UK’s 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 ...

  3. Legal news
    15 June 2021
    When talk isn’t 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
    07 January 2021
    UK and EU Trade and Co-operation Agreement - Key points to consider for financial services and payments

    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 ...

  5. Legal news
    11 November 2021
    Alert on the PSR’s final report into the card-acquiring market

    The supply of card-acquiring services does not work well for small and medium-sized merchants and large merchants with annual card turnover up to £50 million, the PSR says in its final report

  6. Legal news
    21 December 2020
    Landmark Supreme Court decision takes an applicant-friendly approach to collective proceedings

    The UK Supreme Court has handed down a landmark judgment, Mastercard v Merricks, finding that the CAT incorrectly rejected an application for certification to bring collective proceedings. This decision sets out ...

  7. Legal news
    12 July 2021
    Payment Systems Regulator consulting on its proposed strategy

    The UK’s Payment Systems Regulator (PSR) recently published its proposed five-year strategy, setting out the key outcomes and strategic priorities that will guide its operations. Given the rapid pace of development in ...

  8. Legal news
    07 May 2019
    The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?

    We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

  9. Legal news
    17 October 2019
    Competitive Edge: Competition & EU law news - October 2019

    Keeping you up to date on Competition & EU Law developments in Europe and beyond

  10. Legal news
    18 November 2019
    Competitive Edge: Competition & EU law news - November 2019

    Keeping you up to date on Competition & EU Law developments in Europe and beyond