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  1. Legal news
    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 ...

  2. Legal news
    27 May 2021
    London & the City
    www.twobirds.com/en/news/articles/2021/uk/london-and-the-city

    The importance of the City of London and financial services to the UK is difficult to overstate, which is why understanding its post-pandemic and post-Brexit prospects is so important. For regulated businesses in ...

  3. Legal news
    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 ...

  4. Legal news
    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 ...

  5. 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)

  6. 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 ...

  7. Legal news
    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 ...