Regulatory compliance

Our regulatory and compliance consultants have advised some of the world’s leading payments companies in many different member states. We have incomparable expertise to provide regulatory and compliance services relating to the EU payments regulatory regime including:

  • Providing advice on obligations arising from the second Payment Services Directive (PSD2) and the second Electronic Money Directive (EMD2) as well as PSD2’s and EMD2’s local implementations in each EU/EEA member state.
  • Providing a full-service authorisation package for licensure as a payment institution or an electronic money institution in any EU/EEA member state.
  • Advising on initial capital requirements, safeguarding of funds and corporate governance
  • Providing advice on the exclusions under PSD2 or EMD2 such as the Limited Network Exemption (LNE)
  • Advising on obligations with respect to the use of branches and agents under PSD2 and EMD2
  • Providing advice on the obligation to establish a central point of contract and, in certain locations, provide a central point of contact to liaise with the local regulator.
  • Drafting and negotiating contracts for outsourced services to ensure compliance with PSD2
  • Preparing and drafting framework contracts for payment services to ensure compliance with conduct of business rules including information requirements, changes and termination, payment service provider’s liability and refunds
  • Advising on major incident report, notifications and timelines, recommending best practices
  • Providing advice on alternative dispute resolution procedure under PSD2, access for consumers and micro-enterprises