29 March 2019
Brexit: "Brexit Decree" and Bank of Italy's requirements for UK and Italian financial institutions
www.twobirds.com/en/news/articles/2019/uk/brexit-decree-and-bank-of-italls-requirements-for

As decided by the European Council on March 21st, if the British Parliament will approve by March 29th the agreement of withdrawal agreed by the UK government with the European Union, the exit of the United Kingdom from ...

26 April 2019
Brexit: Memorandum of Understanding in Financial Regulation
www.twobirds.com/en/news/articles/2019/uk/brexit-memorandum-of-understanding-in-financial-regulation

BaFin, FCA und PRA agree on supervisory cooperation after Brexit.

15 July 2020
UK: FCA issues new temporary guidance and instructions to payment institutions and electronic money issuers in context of coronavirus pandemic
www.twobirds.com/en/news/articles/2020/uk/fca-issues-new-temporary-guidance-and

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 it has ...

28 May 2020
COVID-19: FCA Consults On Safeguarding Guidance For PSPs And EMIs
www.twobirds.com/en/news/articles/2020/uk/covid-19--fca-consults-on-safeguarding-guidance-for-psps-and-emis

Prompted by the COVID-19 crisis, the FCA is consulting on temporary guidance which will apply to payment service providers (PSPs) and electronic money institutions (EMIs). While the proposed guidance focuses on ...

01 April 2020
The UK Government announced wide-sweeping measures including an assistive financial package of at least £330 billion to help businesses cope during the Coronavirus crisis period
www.twobirds.com/en/news/articles/2020/uk/the-uk-government-has-announced-wide-sweeping-measures-including-an-assistive-financial-package

The UK Government has announced wide-sweeping measures including an assistive financial package of at least £330 billion to help businesses cope, which business can access from today.

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 ...

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)

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 ...

29 October 2020
FSB publishes report on global stablecoins
www.twobirds.com/en/news/articles/2020/global/client-alert-on-fbs-report-on-global-stablecoins

The Financial Stability Board (FSB) has published its report with recommendations on how to promote coordinated and effective regulation, supervision and oversight of Global Stablecoin (GSC) arrangements. Global ...

18 April 2018
ESMA publishes proposed new rules on the format, content, scrutiny and approval of prospectuses
www.twobirds.com/en/news/articles/2018/uk/esma-publishes-proposed-new-rules-on-the-format-content-scrutiny-and-approval-of-prospectuses

The European Securities and Markets Authority ("ESMA") has published its final technical advice ("Report") containing proposed new rules on the form and content of prospectuses, as well as the manner in which they will ...