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Volume: 4 Issue: 9
(September 2010)
Keywords:
editorial
e-money
e-money directive
financial services authority
hm treasury
emd
psd
payment services directive
limited network
Authors:
John M. Casanova
William R. M. Long
Organisations:
sidley austin llp
Editorial: The UK implementation of the new E-Money Directive
On 9 September 2010, the Financial Services Authority (FSA) published draft minutes of a meeting of its e-money stakeholder liaison group1 which sets out details of the timetable for the UK implementation of the new E-Money Directive2 ('the EMD'). It is anticipated that the HM Treasury consultation will be published in September followed by the FSA's own consultation in October - implementing regulations are expected in December 2010. The stakeholder liaison group identified a number of issues relating to the implementation of the new EMD which merit consideration by interested parties.
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