Open Banking – Payment Services – Electronic Money

I will provide the necessary guidance and help your business navigate through the various Regulations regarding Open Banking.

For a one-time and fixed fee, I can provide a review of your current or proposed services, and provide a summary of observations and recommendations for further action.

Who this service is for

You may be wondering whether your activities relating to Open Banking need to be regulated or whether they are excluded from the current regulatory framework

Key benefits

  • Connect with an experienced lawyer quickly and simply
  • Get a qualified opinion on your issue/s
  • Upfront and transparent pricing

What happens after purchase?

Your lawyer will onboard you (KYC, conflicts checks, and client care letter - if applicable)
You send supporting material to the lawyer ahead of the meeting
Consultation takes place
Lawyer sends an email to summarize high level points from the conversation and quotes for any further work required
Leave a review and testimonial of your experience for future customers

FAQ’s

What the service will cover
  1. An initial 15-minute call to clarify the scope and instruction.
  2. Review of two (2) specific questions related to the application of the payment and e-money services.
  3. An email response within 5 working days summarising my response, observations, including any areas of concern and/or any recommendations.
  4. A 15-minute telephone call to discuss the summary email response.

The following additional services can be purchased separately:

  • Redrafting and/or negotiating your core terms and policies, and any relevant partners, suppliers marketing, promotional or other material.
  • Further advice on implementing PSD2, or E-Money Regulations or Brexit related changes – whether related to services, products, marketing and promotion within the UK, EEA and elsewhere.
  • Assistance with the relevant FCA Applications.
  • Further communication on the matter outside the services offered above within ‘ The Service Includes’ section above (e.g. additional phone calls or further questions).
What the service excludes

Anything not mentioned in the above description.

Assumptions:

  • This service is offered under the assumption that you have a good understanding of your business and how Open Banking may impact your business.
What you need to provide
  • Unless the information is clearly apparent and accessible on your website, we will need you to provide us with a detailed description of your current and/or new business activities, payment services and associated systems, customers/clients base and terms of business and policies (whether professional or retail customers) and any related agreements (e.g. agency, SaaS, API).
  • The first step after the purchase will be to provide verification of your identity and supply the following documentation so your adviser can carry out their ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) checks. Please have the following at hand but note that this may not be a complete list:
    • Company name, VAT number (if applicable), registration number
    • Key contacts and associated contact details including email and mobile
    • The names and home addresses of all directors
    • Home utility bill (no more than 3 months old) and passport for every person who owns or controls more than 25% of the voting rights of your business
A woman in a green blouse and blonde hair standing by the wall
Beáta Dunn
ReGen Law

I am finance, banking, corporate and commercial lawyer with more than 20 years of experience. I have...

£375.00 +VAT

Sold By: Beáta Dunn
Name(Required)

20 years experience across

Financial Services

Working with

  • Microbusiness (up to 10 Employees)
  • Medium-sized business (up to 50 employees)

Not sure what you’re looking for?

Let us match you with a legal advisor

Get matched

A woman in a green blouse and blonde hair standing by the wall
Beáta Dunn
ReGen Law

I am finance, banking, corporate and commercial lawyer with more than 20 years of experience. I have...

£375.00 +VAT

Sold By: Beáta Dunn
Name(Required)

20 years experience across

Financial Services

Working with

  • Microbusiness (up to 10 Employees)
  • Medium-sized business (up to 50 employees)

Not sure what you’re looking for?  Let us match you with a legal advisor