DoorDash is a US technology company that connects people with the best of their neighbourhoods across the US, Canada, Australia, Japan, and Germany. By building last-mile logistics infrastructure for local commerce, its mission is to grow and empower local economies. Flink was founded in 2020 in Germany to bring consumers...

On 13 April 2017, the FCA published its consultation paper on the implementation of PSD2. The paper proposes a revised Approach Document which will set out the FCA’s approach to applying the Payment Services Regulations 2017 ( PSRs 2017 ) and the amended Electronic Money Regulations 2011. Helpfully, the FCA...

On 1 August 2018, the FCA published proposals to align the regulatory requirements around communication that are applicable to FSMA-authorised firms (i.e. banks) with those that apply to payment institutions (PIs) and e-money issuers (EMIs). According to the FCA’s Consultation Paper, extending the application of certain conduct and communication standards...

Since the Packaged Retail Investment and Insurance-based Products (PRIIPs) Regulation came into force in January 2018, various concerns have been raised in the market about the practical aspects of the obligation to produce a standardised Key Information Document (KID), in particular the issue of costs and comparability across products. By...

Welcome to the latest edition of Osborne Clarke’s Funds Update. We hope that you find it interesting. If you would like to discuss any of the content, or have a subject that you would like us to cover in a future edition, please let one of us know. Our contact...

Osborne Clarke acted for Banca Sella Holding SpA in the acquisition of Smartika SpA, the first company to operate in Italy in the peer-to-peer lending sector - online loans between private individuals already widespread in Great Britain and the United States and in constant growth in Italy. The transaction forms...

Welcome to the latest edition of Osborne Clarke's Payments Law Update. In this edition we take a look at some key industry developments in the last quarter. If you would like to discuss any of the topics covered in this Update, please contact one of the experts listed below. A...

Replacement of the current LIBOR regime, in light of various rate setting controversies, has been well-publicised. But what progress has been made in relation to those changes, what is a 'SONIA-based' alternative and are borrowers sleep-walking into the unknown when it comes to documentation? We explain the current state of...