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ARTICLE · 07 MARCH 2024

FinTech Global FS Regulatory Round-Up – W/e 23 February 2024

Herbert Smith Freehills Kramer LLP
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In this regular post, we round-up FinTech-related financial services regulatory developments for the week ending 23 February 2024.

GlobalTechnology
Cat Dankos
Cat Dankos
Rashid Ahmed
Rashid Ahmed
Vasuki Balasubramaniam
Vasuki Balasubramaniam

In this regular post, we round-up FinTech-related financial services regulatory developments for the week ending 23 February 2024.

 

ICYMI

UK

PSR: Letter to Pay.UK

The Payment Systems Regulator (PSR) has written a letter to Pay.UK setting out the approach that it will take when deciding whether to approve the Pay.UK monitoring proposals. This includes the use of a number of ‘confidence objectives', whereby Pay.UK must demonstrate how the PSR can have confidence in Pay.UK's compliance with Specific Direction 19. In terms of next steps, Pay.UK is required to provide its proposals to the PSR by 5 April 2024. [23 Feb 2024]

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