The monthly law journal covering legal issues in banking, e-finance, e-money and online payments including, mobile payments (m-payments), micropayments, pre-paid cards and other payment cards, online banking, NFC (near field communication) and other contactless payments, digital currencies such as Bitcoin, mobile wallets and virtual money, e-invoicing, e-billing and e-payments, card fraud and other cybercrime, as well as regulatory regimes such as the E-Money Directive (EMD and 2EMD), the Payment Services Directive (PSD), SEPA, the US Electronic Money Regulations 2011, and the UK Bribery Act 2010. / read more
August's issue of E-Finance & Payments Law & Policy
The UK's Financial Conduct Authority issued its first set of rules on crowdfunding in 2014, ahead of many other jurisdictions. Now the time has come to review the rules laid down and react to a developing sector. In this issue, Sam Robinson and Oliver Digby of Nabarro LLP take a look at the FCA's Call for Input on crowdfunding and what glimpses it offers about the direction UK crowdfunding regulation is going in.
Another exciting area for UK FinTech is the growing 'RegTech' sector. The FCA has previously issued a Call for Input on RegTech and now has published its response to the opinions it received. Tim Wright of Pillsbury LLP analyses the FCA's Feedback Statement on RegTech.
With payment services firms needing to be compliant with the EU General Data Protection Regulation by May 2018, it is high time for such firms to review where they are with profiling, consent and other aspects of data protection rules introduced or developed by the GDPR. William Long and Geraldine Scali of Sidley Austin LLP discuss the key provisions of the GDPR as it applies to payments services in this month's issue.
PLUS: Lithuania and FinTech development -- data breach notifications and financial services -- India's Vision-2018 framework -- online banking T&Cs in Germany.