EMA response to EPC on VOP Scheme Rulebook
The EMA responded to the EPC consultation on the Verification Of Payee (VOP) scheme rulebook.
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Consultations
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.
EMA response to the BoL CP on PSPs rates comparison table
The EMA submitted a response to the Bank of Lithuania proposal on the list of PSP services’ rates to be published on a comparison website for small and micro enterprises.
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EMA letter to European Commission regarding implementation of CESOP
The EMA sent a letter to the European Commission regarding the implementation of CESOP in the EU, which is proving hugely challenging for our industry. The letter emphasises that EMA members are fully on board with assisting EU tax authorities in identifying VAT avoidance, and recovering funds. However, the lack of practical arrangements to allow implementation of CESOP within the timescales set out in the Directive are simply not possible at this stage.
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Joint industry letter on EU Battery Regulation
In a joint letter, the digital payments industry urges the European Commission to clarify and confirm the exclusion of point-of-sale (“POS”) hardware from the requirements laid down in Article 11(1) of the new EU Regulation 2023/1542 on Batteries and Waste Batteries.
Joint industry letter on EU Battery Regulation Read More »
EMA Technical Comments on HMT Payment Services Contract Terminations Amendment
The EMA submitted technical comments to HM Treasury on Draft Statutory Instrument The Payment Services (Contract Terminations Amendment) Regulations 2024.
EMA Technical Comments on HMT Payment Services Contract Terminations Amendment Read More »