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  1. Legal news
    08 April 2020
    Postponement Of Holidays In Connection With COVID-19
    www.twobirds.com/en/news/articles/2020/denmark/covid-19-udskydelse-af-ferie-i-forbindelse-med-covid-19

    On 2 April 2020, the Danish government has passed act no. 348 on postponement of holidays in connection with COVID-19 allowing employers to postpone employees’ holidays accrued to the next holiday period.

  2. Legal news
    04 November 2021
    EBA consults on changes to strong customer authentication (SCA) as applied to PSD2 account information services (AIS)
    www.twobirds.com/en/news/articles/2021/global/eba-consults-on-changes-to-strong-customer-authentication

    The EBA has recently published a consultation paper (available here) in which it is seeking comments on proposed changes to the RTS on strong customer authentication (SCA) and common and secure communication (CSC) (the ...

  3. Legal news
    18 June 2021
    Bank of England publishes discussion paper on stablecoins
    www.twobirds.com/en/news/articles/2021/global/bank-of-england-publishes-discussion-paper-on-stablecoins

    Earlier this month, the Bank of England (BoE) published its discussion paper ‘New forms of digital money’ (the Paper) setting out its approach to stablecoins and digital currencies.

  4. Legal news
    27 October 2021
    What’s next for Buy Now Pay Later: HM Treasury launches consultation
    www.twobirds.com/en/news/articles/2021/global/whats-next-for-buy-now-pay-later-hm-treasury-launches-consultation

    In our article last month (available here), we explored how Buy Now Pay Later (BNPL) works, how it is currently regulated in the UK and the impact of impending regulation. The much-anticipated HM Treasury consultation ...

  5. Legal news
    09 October 2018
    FCA releases consultation paper on regulatory technical standards for strong customer authentication and secure open standards of communication under PSD2
    www.twobirds.com/en/news/articles/2018/global/fca-releases-consultation-paper-on-regulatory-technical-standards

    Our payment services team summarise the FCA's latest Consultation Paper on the Regulatory Technical Standards on Strong Customer Authentication and Common and Secure Communication.

  6. Legal news
    16 April 2020
    Revised EU Cross-Border Payment Regulation – Delayed enforcement of its provisions on currency conversion
    www.twobirds.com/en/news/articles/2020/global/revised-eu-cross-border-payment-regulation-delayed-enforcement-of-its-provisions

    The European Commission (EC) published a statement on 9 April 2020, in relation to the revised EU Cross-Border Payments Regulation (CBPR2). In that statement, the EC refers in particular to the CBPR2 provisions on ...

  7. Legal news
    07 December 2021
    The FCA sets out final rule changes to its Strong Customer Authentication (SCA) rules and to its guidance on payment services and electronic money
    www.twobirds.com/en/news/articles/2021/global/the-fca-sets-out-final-rule-changes-to-its-strong-customer-authentication-rules

    On 29 November 2021, the UK Financial Conduct Authority (FCA) published a policy statement PS21/19 (Policy Statement) which sets out amendments to the UK SCA-RTS, the ‘Payment Services and Electronic Money’ approach ...

  8. Legal news
    15 November 2019
    Sustainability – base level for financial products, not a bonus. Market adapting to increased investor demand and recent regulatory changes
    www.twobirds.com/en/news/articles/2019/global/sustainability-base-level-for-financial-products-not-a-bonus

    Investors, business partners and employees are pushing issuers to facilitate the brown-to-green transition. At the same time, banks are facing increasing pressure to finance this transition. The future will tell how the ...

  9. Legal news
    03 April 2020
    Governmental grants and financial assistance available for Swedish companies in distress due to COVID-19
    www.twobirds.com/en/news/articles/2020/sweden/governmental-grants-and-financial-assistance-available-for-swedish-companies

    With the 2019 Novel Coronavirus (Covid-19) continuing to spread globally, the effort to contain the viral outbreak by governments and health organisations has put pressure on major economies. Many companies are facing ...