Key developments of interest over the last month include:
• United Kingdom: The Payment Systems Regulator (PSR) has published two calls for views, one of which focuses on authorised push payment (APP) scams and the other on consumer protection in interbank payments.
• India: The government is planning a cryptocurrency bill with the aim of establishing a framework for the creation of an official digital currency to be issued by the Reserve Bank of India.
• United Kingdom: The FCA is consulting on changes to its technical standards on strong customer authentication (SCA) and common and secure methods of communication (UK SCA-RTS) and to its Payment Services and Electronic Money Approach Document.
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2021 ushered in a new era for drone users as new regulations
introduced a more detailed and stricter regime. The main points of
the new framework are outlined below, and the topic is discussed in
more detail in our article here:
Drones and drone operators must be registered: All types of
drones must be registered in Hungary except toy drones. In
addition, drone operators and drone owners are obliged to be
registered, too.
Drone operators must take an exam: To legally operate a drone,
all drone operators must undergo a state-certified training
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With a combination of finalisation of existing legislative
proposals and publication of new ones, the EU has over the past
month made significant advances in the regulation of
21
st century financial services in areas as diverse as
crypto-assets, market infrastructures and crowdfunding. In three
new Insights, Plesner s market-leading Fintech specialists
analyse the new and proposed rules that will shape important parts
of the EU financial regulatory framework for digital finance for
years to come.
During the last month, the European Commission has unveiled
proposals for a comprehensive legal framework for the regulation of
Julie Becker, Chair of the Luxembourg Capital Markets Association (LuxCMA) tells us how it represents the common interests of all stakeholders in Luxembourg’s primary capital markets and its aim at being the single point of contact for authorities and mar
Regulation has reinforced the importance of digital to the securities finance industry. Adrian Dale, head of regulation and market practice at Isla, reflects on this year’s actions and considers the next steps.