The following Financial Services Q&A provides comprehensive and up to date legal information covering:
A fuel card could be viewed as a ‘payment instrument’ under regulation 2 of the Payment Services Regulations 2009, SI 2009/209.
The first Directive 2007/64/EC, Payment Services Directive (PSD1) was required to be implemented by 1 November 2009 by the Member States. PSD1 was intended to regulate payment services providers (PSPs) and harmonise the payments sector within the EU.
We refer you to the Practice Note: Payment Services Regulations 2017—scope, in particular the section ‘What is a 'payment service'?’ which you may find useful for your purposes. You will note that a number of those services relate to payment instruments.
A 'payment instrument' is
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The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the potential to deliver a project more efficiently and economically. One of the most popular PPP models for procuring infrastructure
Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
Brexit: The UK's departure from the EU on exit day ie Friday 31 January 2020 has implications for practitioners dealing with provisions in the CPR relevant to cross border matters, including CPR 5.4C (discussed below). For guidance on the impact of Brexit on the CPR, see Cross border
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