Alice Drain

Associate, Bird & Bird

I am an associate in Bird & Bird’s Finance & Financial Regulation team, specialising in financial services regulation.

I assist clients across the financial services sector with a variety of regulatory and compliance matters, including payment services and e-money, payment system issues, perimeter guidance and financial promotions.

I trained at Bird & Bird. Before joining Bird & Bird, I worked in a variety of in-house roles at listed companies, with a focus on ethics and compliance. I have particular experience in financial crime issues covering anti-bribery and corruption, whistleblowing, and investigations.

Contributed to

1

The UK Authorised Push Payment Fraud reimbursement regime

Practice Notes

This Practice Note provides an overview of the UK Authorised Push Payment (APP) fraud reimbursement regime introduced in October 2024. It includes an overview of the regime for participants in the Faster Payments System as well as for participants in CHAPS. It includes information on time limits for reimbursement, the allocation of reimbursement between sending and receiving PSPs and compliance with the reimbursement requirement. It also includes information on the intersection of the regime with the Payment Services (Amendment) Regulations 2024.

Financial Services