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  1. Legal news
    09 April 2020
    Financial first aid measures adopted in the Czech Republic in response to COVID-19
    www.twobirds.com/en/news/articles/2020/czech-republic/financial-first-aid-measures-adopted-in-the-czech-republic-in-response-to-covid19

    In response to COVID-19 pandemic, various financial first aid measures were adopted in the Czech Republic including loan programs or pecuniary support. Other financial first aid measures shall follow in near future.

  2. Legal news
    25 March 2019
    Revision of the EEA Cross-Border Regulation
    www.twobirds.com/en/news/articles/2019/global/revision-of-the-eea-cross-border-regulation

    On 4 March 2019, the EU Council formally endorsed the final version of the EU Regulation amending Regulation No 924/2009 on cross-border payments in the EEA (the Cross-Border Regulation).

  3. Legal news
    25 March 2019
    Launch of the EBA Register of Payment Institutions (PIs) and Electronic Money Institutions (EMIs) under PSD2
    www.twobirds.com/en/news/articles/2019/global/launch-of-the-eba-register-of-payment-institutions-pis-and-electronic

    On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the Payments Services Directive (PSD2).

  4. Legal news
    08 April 2019
    EU: The interplay of PSD2 and GDPR - some select issues
    www.twobirds.com/en/news/articles/2019/global/eu-the-interplay-of-psd2-and-gdpr-some-select-issues

    It can be argued that the principle purposes of the General Data Protection Regulation (Regulation (EU) 2016/679) ('GDPR') and the Payment Services Directive (Directive (EU) 2015/2366) ('PSD2') are in contrast with one ...

  5. Legal news
    08 April 2020
    Financial first aid measures adopted in Slovakia in response to COVID-19
    www.twobirds.com/en/news/articles/2020/slovakia/financial-first-aid-measures-adopted-in-slovakia-in-response-to-covid

    Following the outbreak of COVID-19, the financial sector as well as the government are taking several actions to mitigate negative economic consequences in an effort to keep the financial system in a good condition.

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...