Course description
Any business that receives cash from one set of customers and makes payments to others in or from the UK might be issuing electronic money and/or offering payment services. Regulations in this area can also affect gift vouchers as well as services that enable the transfer of data from payment accounts or the initiation of payments, even without handling funds.
Services that do not fall outside the scope of regulation could require authorisation or registration; or qualify for specific exclusions, some of which are still subject to some regulatory thresholds and registration requirements.
This 30-minute guide with expert solicitor Simon Deane-Johns will explore the scope of e-money and payments regulation, common exclusions, key requirements for authorisation/registration, and the key operational requirements and standards.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Any business that receives cash from one set of customers and makes payments to others in or from the UK might be issuing electronic money and/or offering payment services.
Regulations in this area can also affect gift vouchers or other forms of value that can be exchanged for goods or services, as well as services that enable the transfer of data from payment accounts or the initiation of payments, even without handling funds.
Examples of firms affected range from e-commerce marketplaces, to retailers, to accounting software providers, to regulated payment service providers.
Services that do not fall outside the scope of regulation could require authorisation or registration; or qualify for specific exclusions, some of which are still subject to some regulatory thresholds and registration requirements.
What You Will Learn
The webinar will cover the following:
- The scope of e-money and payments regulation
- The more common exclusions
- The key requirements for authorisation/registration
- Key operational requirements and standards
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...