Merchant Acquiring
FMPay launches in Cheltenham to empower UK small businesses with simple and secure payment solutions
September 4, 2024
Several weeks ago, our Managing Director Jamie Cooke wrote a blog which discussed the position of UK-authorised firms with regard to EEA-resident clients. He pointed out that in the case of a ‘No Deal’ Brexit, a passporting UK firm will no longer be able to actively solicit EEA-based clients and discussed the lack of clarity regarding business initiated exclusively at the discretion of EEA-based clients.
To try to help clear some of the regulatory fog, the FCA provided some verbal guidance last week in one of their regular Brexit briefings for financial services firms, which my fellow fscom director Alison Donnelly attended as a representative of the The Payments Association (Payments Association). They also committed to publish more detailed guidance within the next week with regards to the implications for UK-authorised firms of a no-deal Brexit.
Read more here.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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