Paul Foley

Public consultation of the implementation of Payment Services Directive 2 is imminent. The new regulatory framework it provides will the Commission argue reduce costs, improve the security of payments and facilitate the emergence of new players and innovative new mobile and internet payment methods.

Published in Financier Worldwide – December 2016

In the 2016 Financier Worldwide Financial Services review, author and Partner Paul Foley gives his perspective on the current legal and regulatory Financial Services environment.

Financial Regulation, Financier Worldwide, August 2016.

From July 1st 2016, regulated lenders (other than credit unions) must comply with additional requirements in respect of SME lending, enforcement and the taking of security.

Crowdfunding at its most basic level, is an open appeal to the public for funds for a specific project or for a specific objective.

The range of companies using it is a lot wider than one might think.

Payment Services are a vital component in enabling the free movement of goods, services capital and persons in the EU. In an article published in Financier Worldwide, we look at the Evolving Regulation of Payment Services.

The Act will commence 1st June 2015. It is generally pro business, deregulatory and will cut compliance costs in the long term.

There will however be costs to companies to adopt their documentation to the new regime in the short term.

REITS are listed companies (quoted on a recognised exchange), holding rental investment properties. They have diverse ownership with no group controlling the entire REIT. The company is generally required to distribute at least 90% of profits to investors.