Regulation

Regulation Stream - Conference Day Two: Wednesday 16 June

Last November the PSD came into force with significant implications on prepaid businesses. By April 2011 the E-Money Directive will have a greater impact on prepaid and e-money operators including, retailers, online payments issuers, banks and mobile network operators. The EMD will try to ensure that e-money embraces all the different possible payment forms (card-based and server-based). This will provide a more competitive marketplace, which consequently should improve the quality of services. Don’t miss the regulatory breakout at Prepaid 2010 and your opportunity to gain a heads up of the impact regulation will have for the future of your prepaid business.

14.00  Reviewing the success of the PSD in light of the initial aims

• The PSD aims to provide payment harmonisation and create a level playing field within the EU/EEA. This will support banks and other PSPs looking to develop new products and services such as prepaid that can be offered at a pan-European level. This review of the PSD will examine whether or not it has become easier to extend products and services into new countries and has allowed new entrants to the prepaid market.
  William Long, Counsel, Sidley Austin

14.30  The new E-Money Directive and the impact it will have on your business

• The E-Money Directive will come under review in April 2011, this is an exclusive heads up of the implications the EMD will have on electronic money institutions and issuers of prepaid stored value services.
  Phelan Hill, Senior Policy Advisory, HM Treasury

15.00  Coffee and networking

15.30  The industry's perspective of the EMD, the revision and implementation in the UK and EU
Thaer Sabri, Electronic Money Association

15.50  Expert led round table discussions: practical guidance on the latest AML, KYC and licensing requirements

• Robert Courtneidge, Global Head of Cards and Payments, Salans
• Dominic Peachey, Senior Policy Advisor, Financial Services Authority
• Thaer Sabri, CEO, Electronic Money Association
• Siobhan Moore, Associate, Salans

16.30  End of conference

Running concurrently to this regulation stream, there are also streams on:
- Innovation in Contactless Payments
- Corporate Prepaid

You may also want to view the agenda for:
- Pre conference workshops

Day One:
- Plenary sessions
- Retail
- Public Services
- General Purpose Prepaid

Day Two:
- Retail
- Innovation in Mobile Payments
- Prepaid in Gaming
- Virtual Prepaid
- Regulation