EMA response to NPA Standards Consultation
The EMA responded to the Pay.UK consultation on the Next Generation Standard for UK Retail Payments.
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 responded to the Malta Financial Services Authority (MFSA) Stakeholder Consultation on revisiting the Corporate Governance Framework for Entities Authorised by the MFSA and Listed Companies.
The EMA responded to the Central Bank of Ireland ‘Notice of Intention’ to introduce three new Pre-Approval Controlled Functions (PCFs), and to split the PCF-39 Designated Person into six PCF roles.
The EMA wrote to the European Commission regarding the terminology used in the EC Leaflet on consumer rights when making payments which Payment Service Providers (PSPs) must make available online according to Art. 106 PSD2.
The EMA submitted a letter to the Competition and Markets Authority supporting Imran Gulamhuseinwala’s (CMA Order Implementation Trustee) proposed Revised Roadmap for Open Banking.
The EMA responded to the Home Office and HM Treasury Request for Information on the National Risk Assessment on Money Laundering and Terrorist Financing.