Our interactive Fintech UK and EU Regulatory Timeline outlines a selection of key fintech events in 2019.
Please note that the timeline is indicative and subject to change, depending on political discussions or the internal decision-making process of the EU institutions.
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Fintech Regulatory Timeline 2019
What to expect in fintech: key dates and publications for 2019
10 February – Date by which UK firms that intend to rely on the limited network exclusion under PSD2 are required to notify the FCA if their transactions are over €1m in any 12-month period (starting from 13 Jan 2018)
26 February – Valdis Dombrovskis (European Commissioner) delivers a speech on the progress of the Commission’s fintech action plan and developments in the payments industry
14 February – FSB publishes report on the impact of fintech on market structures in financial services
The third instalment of our Future of Finance Series looks at the Bank of England’s vision of “Open Finance” and how richer data analysis and sharing together with an open finance platform, could improve access to SME finance.
In the run up to this year’s G20 Summit, three new reports have come out from international bodies around decentralised financial technologies, cryptoassets and cryptoasset trading platforms. We look at some of the underlying messages for national regulators, which may be broadly indicative of the global direction of travel.
We examine a very revealing statement from a UK regulator on the regulatory implications of adoption of artificial intelligence and machine learning technologies within the financial services sector and their expectations around governance and accountability.
An early stage draft of the law implementing the 5th AMLD in Germany drafted by the German Federal Ministry of Finance (BMF) introduces a licence requirement for “the custody, management and safekeeping of crypto-values or private cryptographic keys used to hold, store and transmit crypto-values for others".
Linklaters is assisting the UK Jurisdiction Taskforce as it coordinates the preparation of an authoritative legal statement on the status of distributed ledger technology and smart contracts under English private law.