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The Payments Association’s response to HM Treasury consultation – Insolvency changes for PIs and EMIs

This paper sets out the Emerging Payment Association’s response to HM Treasury’s Insolvency changes for payment and electronic money institutions in December 2020.

It contains recommendations on how to ensure the UK’s payments industry continues to be progressive, world- leading and secure, by creating an insolvency regime to give consumers confidence to open accounts with UK payment and electronic money institutions.