Payments

Our regulatory lawyers advise international and domestic payment service providers, including banks, payment institutions, e-money institutions and other businesses offering payment products.

We have extensive experience advising on the UK and EU regulatory frameworks governing payments and electronic money, including ongoing reforms under PSD3 and the new Payment Services Regulation (PSR) package.

Regulatory scope and governance

We advise clients on core obligations under these regimes, including requirements relating to safeguarding of funds, conduct of business rules and governance arrangements. The firm has dedicated experts in advising on the negative scope of regulation, including exclusions under the payments and e-money frameworks and consumer credit legislation. This includes the UK and EU Limited Network Exclusion, the Electronic Communications Exclusion, the Technical Service Provider Exclusion and other relevant safe harbours that may be available in other jurisdictions.

Multi-jurisdictional regulatory advice

Through our well-established relationships with local law firms globally, we also provide multi-jurisdictional regulatory advice across a wide range of markets. Our objective is to help clients develop and implement regulatory policies on a consistent global basis, minimising operational variation wherever possible.

Commercial agreements

We also support clients by drafting and negotiating key commercial agreements, both with third parties and within group structures, including outsourcing arrangements. We prepare framework contracts for payment and related services to ensure alignment with applicable regulatory and conduct requirements.