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Conventions and legislation covered includes: the CISG plus Limitation Convention, the UNIDROIT Principles, the Montreal Convention, the Commercial Agents Directive, the Late Payment Directive, and the Cape Town Convention.
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The EU, for its part, is working on a payments directive that will regulate aggregate services like Yodlee if the next EU parliament votes to approve the draft rules.
Simoneschi won't be drawn into saying who the biggest loser will be under the new payments directive, arguing that it isn't a "zero-sum game". "However, we do believe that payment initiation is disrupting the four-party model of the existing card networks," he adds.
The Financial Ombudsman Service, where lots of these cases end up, relies on the payment services directive, which came into force in November 2009.
Europe is keeping itself busy with Brexit, Open Banking Platforms and PSD2 (Revised Payment Service Directive).
Similarly, in Europe, you have to be aware of a new payment service directive (PSD2) that impacts merchants as well.
The coming payment service directive 2 (PSD2) is requiring that banks must offer payment APIs to third-party providers of financial services and allow users to mandate licensed third parties to 1) initiate payments and 2) extract account information.
New code-of-conduct rules under the European Union's payment-services directive came into force in Britain only on November 1st.
In theory, the European Commission is encouraging similar competition with its new payment-services directive (PSD), due to come into force in 2009.
In the EU, the very same regulatory changes are coming this year in the form of the second payments services directive (PSD2).
Provision has also been made for other measures not specific to forestry (Natura 2000 and Water Framework Directive payments, for example).
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CEO of Professional Science Editing for Scientists @ prosciediting.com