a multi-jurisdictional group of companies, providing investment fund formation, administration & valuation services.
Body Image

ifina blog

Dr John Paul Zammit
Wednesday
Aug 25 '10
Category:
Blog
Malta
Contributor:
Dr John Paul Zammit

by Dr. John Paul Zammit | Associate - MamoTCV Advocates

Title II of the Payment Services Directive (Directive 2997/64/EC) (“PSD”) establishes a new prudential and supervisory regime for “payment institutions”, i.e. firms (other than credit or electronic money institutions) that carry out or intend to carry out payment services. The term “payment institution" encompasses a wide range of firms; from non-bank regulated financial institutions  to other entities which were previously unregulated insofar as payments services are concerned, at least on EU level (money remitters and mobile network operators, by way of example).

The provisions of the PSD regulating PIs ...

Footer Logos
© 2009 International Financial Administration - BVI. All Rights Reserved  • ifina is a registered trademark