Fintech, Payments & E-money
We act for newer entrants to the market including fintech, payments and e-money firms and welcome the opportunity to work on novel projects.
We frequently act on the establishment of such firms, working closely with compliance consultants on the FCA application for approval and advising on legal and regulatory aspects of the application. We support our clients on capital raisings and corporate transactions providing project management and handling the process from start to finish.
We advise clients on legal and regulatory compliance including on the Payment Services Regulations 2017 (PSRs) and the Electronic Money Regulations 2011 (EMRs) often drafting or amending framework contracts as well as advising on scope and interpretation issues.
For each of our clients, we provide an excellent and comprehensive service tailored to our clients' needs and expectations.
Recent work highlights
- Acting on the sale of an e-money institution to a private equity firm.
- Assisting on the second round capital fund raise for a medium sized payments firm.
- Advising an e-money institution on the safeguarding rules and permitted accounts and approaches suggested by the Card Schemes.
- Drafting amendments to framework terms and conditions to take account of recent and proposed changes to the Payment Services Regulations 2017.
- Advising a payments group on a complex tax restructuring project.
- Assisting a payments firm with a refresh of their anti-money laundering procedures.
- Helping a payments client deal with a vexatious winding up petition.
- Acting for a non-regulated firm drafting terms and conditions and advising on the limited network exemption.
