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UK Conduct Regulator Further Extends Deadline for E-Money and Payment Services Temporary Permissions Notifications
10/30/2019The U.K. Financial Conduct Authority has published two amending Directions under the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 extending the deadlines by which e-money and payment services firms should notify the FCA of their intention to rely on the temporary permissions regime following the U.K.’s exit from the EU. These firms should now make notifications by January 30, 2020. The extended deadline falls immediately before the revised Brexit deadline of January 31, 2020.
View the FCA's amended Direction on notifications for the e-money services temporary permissions regime.
View the FCA's amended Direction on notifications for the payment services temporary permissions regime.
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