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  1. Legal news
    25 July 2019
    Some key topics under PSD2: open banking, strong customer authentication, and the platform/commercial agent exemption
    www.twobirds.com/en/news/articles/2019/global/some-key-topics-under-psd2

    The second Payment Services Directive (PSD2) updates the original Payment Services Directive (PSD1) which dates back from 2007. In this article, we will discuss the most important changes in- troduced by PSD2 and the ...

  2. Legal news
    25 June 2019
    Strong Customer Authentication (SCA): EBA Opinion allows for more time, and provides more clarity on the various SCA elements
    www.twobirds.com/en/news/articles/2019/global/the-opinion-of-the-eba-on-the-elements-of-sca

    On 21 June 2019, the European Banking Authority (EBA) published another Opinion on the updated Payment Services Directive (PSD2) and in particular its provisions on Strong Customer Authentication (SCA)

  3. Legal news
    02 August 2019
    PSD2: transitional period for strong customer authentication for online card payments in Italy
    www.twobirds.com/en/news/articles/2019/global/psd2-transitional-period-for-strong-customer-authentication-for-online-card-payments-in-italy

    On 1st August 2019 the Bank of Italy issued a press release where it announced that it will grant, in line with the decisions taken at European level, more time to the Italian financial industry to complete the ...

  4. Legal news
    17 October 2019
    Strong Customer Authentication (SCA): EBA opinion allows for 15-month migration period
    www.twobirds.com/en/news/articles/2019/global/strong-customer-authentication

    On 16 October 2019, the European Banking Authority (EBA) published another Opinion on the updated Payment Services Directive (PSD2) and in particular its provisions on Strong Customer Authentication (SCA)

  5. Legal news
    01 November 2017
    EBA final Guidelines on major incident reporting under PSD2
    www.twobirds.com/en/news/articles/2017/global/eba-final-guidelines-on-major-incident-reporting-under-psd2

    On 27 July 2017, the EBA adopted final guidelines on major incident reporting, providing more granularity to the incident reporting obligations contained in Article 96 of PSD2.

  6. Legal news
    04 December 2020
    Non-Bank Financial Institutions in Singapore To Be Allowed Direct Connection with Major Funds Transfer Services
    www.twobirds.com/en/news/articles/2020/singapore/non-bank-financial-institutions-in-singapore-to-be-allowed-direct-connection

    Developments announced by the Monetary Authority of Singapore (“MAS”) on 30th November 2020 Recent developments in Singapore’s move towards a cashless society will see the expansion of two major funds transfer ...

  7. Legal news
    05 October 2020
    The FCA issues an update on onshoring, the Temporary Transitional Powers and the reopening of the Temporary Permissions Regime
    www.twobirds.com/en/news/articles/2020/uk/the-fca-issues-an-update-on-onshoring-the-temporary-transitional-powers-and-the-reopening-of

    On 1 October 2020, as part of the UK Financial Conduct Authority’s (FCA) initiative to ensure an orderly transition and limit disruptions to the post Brexit onshoring process, the FCA published a statement outlining how ...

  8. Legal news
    25 November 2020
    The EU Court of Justice rules on various PSD2 provisions, including potential cardholder liability in relation to contactless payments
    www.twobirds.com/en/news/articles/2020/global/the-eu-court-of-justice-rules-on-various-psd2-provisions-including-potential-cardholder-liability

    As we know, the area of payments is a complex one, not only because of the way in which payments operate (i.e. the technology is sometimes complex), but also because the relevant legislation is not always very clear, is ...

  9. Legal news
    13 November 2020
    The FCA has confirmed participation in the GFIN cross-border testing initiative for financial products and services
    www.twobirds.com/en/news/articles/2020/global/the-fca-has-confirmed-participation-in-the-gfin-cross-border

    On 29 October 2020, the Financial Conduct Authority (FCA) confirmed its participation in the Global Financial Innovation Network’s (GFIN) cross-border testing (CBT) initiative. This means that firms in the UK and ...

  10. Legal news
    23 October 2020
    EBA consults on changes to its guidelines on major incident reporting under PSD2
    www.twobirds.com/en/news/articles/2020/global/eba-consults-on-changes-to-its-guidelines-on-major-incident-reporting-under-psd2

    On 14 October 2020, the European Banking Authority (EBA) launched a public consultation on the revision of the current EBA Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2) -EBA/GL/2017/10- ...