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).
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.
UK hopes to ease lockdown from March: minister
SMEs to receive pay-outs following interruption insurance decision
