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Global Payments Newsletter, July 2021 | Hogan Lovells


Europe: EBA consults on proposed guidelines on limited network exclusion under PSD2
On 15 July 2021, the EBA published a consultation paper (EBA/CP/2021/28) proposing guidelines on the limited network exclusion (LNE) under PSD2.
The EBA explains that Article 3(k) of PSD2 introduced an exclusion for services based on specific payment instruments that can be used only in a limited way. It believes that the implementation and application of the LNE requirements diverges significantly between member states, which impedes the single market for payment services in the EU and creates opportunities for regulatory arbitrage. The EBA also believes that consumers are sometimes unaware that they do not benefit from the protection envisaged under PSD2. ....

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Insolvency Proceedings - The Civil Procedure Rules - Guidance


PART ONE: GENERAL PROVISIONS
1. Definitions
1.1 In this Practice Direction, which shall be referred to as the “IPD”, the following definitions will apply:
(1) The “Act” means the Insolvency Act 1986 and includes the Act as applied to limited liability partnerships by the Limited Liability Partnerships Regulations 2001 or as applied to any other person or body by virtue of the Act or any other legislation;
(2) The “Insolvency Rules” means the rules for the time being in force and made under s.411 and s.412 of the Act in relation to Insolvency Proceedings (currently The Insolvency (England and Wales) Rules 2016, as amended), and, save where otherwise provided, any reference to a ‘rule’ is to a rule in the Insolvency Rules; ....

Insolvency Rules , நொடித்துப்போனது விதிகள் ,