Course description
The regulatory frameworks for payment services in the EU and UK are undergoing major reforms. The EU is combining and updating its key Directives governing payment services and electronic money and the UK is reviewing its national legislation through which those EU Directives were transposed in the UK before Brexit.
There are significant questions around the extent to which the UK will diverge from the EU and what that could mean for firms with cross-border businesses. The UK and EU are also both creating and expanding regulation of cryptoassets in ways that will impact the payments sector.
This webinar will bring you up to speed with everything you need to know in just 1 hour.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The regulatory frameworks for payment services in the EU and UK are undergoing major reforms, which will affect firms across the sector.
The EU is combining and updating its key Directives governing payment services and electronic money and the UK is reviewing its national legislation through which those EU Directives were transposed in the UK before Brexit.
Both sets of proposals include reforms relating to anti-fraud protections, safeguarding of customer funds, open banking, strong customer authentication and conduct of business requirements.
However, there are significant questions around the extent to which the UK will diverge from the EU and what that could mean for firms with cross-border businesses.
The UK and EU are also both creating and expanding regulation of cryptoassets in ways that will impact the payments sector.
The categories of cryptoassets and digital tokens, as well as the range of related activities, that will become subject to regulation are being extended significantly under the EU Markets in Cryptoassets (MiCA) Regulation and the UK’s proposals to regulate stablecoins, digital settlement assets and other cryptoassets.
Both sets of reforms will also create broad and detailed ongoing regulatory requirements for firms issuing cryptoassets or providing related services, such as exchanges and wallet providers.
What You Will Learn
This webinar will cover the following:
- Regulatory reform of payment services
- The third EU Payment Services Directive (PSD3) and the new EU Payment Services Regulation
- UK Financial Conduct Authority proposals to reform safeguarding rules for non-bank payment service providers
- The UK Future of Payments Review and next steps for regulatory reform
- Open banking and open finance reforms
- Anti-fraud reforms
- Regulation of instant payment
- Regulatory framework for the digital euro
- Regulatory reform of cryptoassets and digital token services
- The EU MiCA Regulation
- UK regulation of stablecoins, digital settlement assets and other cryptoassets
Expenses
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