The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.
The EMA submitted a response to the Dutch consultation on the Implementing Act and Implementing Decree on the Regulation on Instant Transfers in Euros.
EMA response to the Dutch consultation on Instant Payments Regulation Read More »
The EMA co-signed an industry letter to the European Commission addressing challenges in implementing the Council Directive (EU) 2020/284 of 18 February 2020, amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers (CESOP Directive) and the associated mitigation measures.
The letter emphasises the need for streamlined registration processes, harmonised requirements across Member States, and a one-stop-shop reporting system. It also advocates for a moratorium on penalties during the initial compliance period, ensuring smoother adoption of CESOP reporting requirements.
Joint industry letter to the Commission on CESOP Read More »
The EMA submitted a response to the UK FCA Guidance Consultation GC24/5: Authorised Push Payment Fraud: enabling a risk-based approach to payment processing.
EMA response to FCA GC24/5 on APP Fraud – enabling a risk-based approach Read More »
The EMA co-signed a joint industry letter to the European Central Bank expressing concerns over the Eurosystem policy on non-bank PSP access to central bank-operated payment systems and accounts. The letter advocates for a calibrated approach to safeguarding funds with central banks, addressing economic barriers to direct participation, and extending transitional periods to ensure business continuity and maintain competition in the financial services sector.
Joint industry letter on Eurosystem policy statement on non-bank PSP access Read More »
The EMA submitted a response to the UK Payment Systems Regulator CP24/11: Faster Payments APP scams: Changing the maximum level of reimbursement.
EMA response to PSR CP 24-11 Consultation on max reimbursement APP scams Read More »
The EMA responded to two Financial Stability Board (FSB) consultations on recommendations for data flows in cross-border payments:
EMA response on FSB recommendations for data flows in cross-border payments Read More »
