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Consultation on insolvency changes for electronic payment institutions extended

The Treasury has extended by a week the consultation period on proposed insolvency changes for payment institutions (PIs) and electronic money institutions (EMIs), which include establishing a new special administration regime (SAR).

Consultation on insolvency changes for electronic payment institutions extended
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  • Shared by Accountancy Daily
  • January 18, 2021
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The move is in response to findings from last year’s Payments Landscape Review, which noted a number of failing in the existing insolvency process for consumers using PIs and EMIs, such as card, mobile and electronic wallets.

Read more at Accountancy Daily.

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