Podcast Location:
Download it here [file size: 40.9 MB]
Categories:
IT, Technology & Telecoms
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast series aims to provide practitioners with an overview of the current Payment Services Directive and also what key changes are likely to be made to this regime as a result of the proposed Second Payment Services Directive, or PSD2.

Outcomes:
After completing the course you will:
  • Obtain a basic understanding of the current Payment Services Directive;
  • Understand how successful the Payment Services Directive has been;
  • Knowledge of the reasons behind the creation of the proposed Second Payment Services Directive (“PSD2”);
  • Understand what the new security requirements of PSD2 will be;
  • Be aware of the impact that PSD2 will have on concepts such as “passporting” and surcharging;
  • Knowledge of how PSD2 affects the regulated activity of “acquiring of payment instruments”;
  • Understand the new payment services that are introduced by PSD2;
  • Be aware of the exemptions under PSD2.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Introduction
Legislative Updates
Market Update / Hot Topic
Sources and References:
Tags:

In this CPDcast series, Ben Regnard-Weinrabe and Ashley Winton of Paul Hastings LLP speak about the proposed Second Payment Services Directive (PSD2), looking at the current Payment Services Directive, how successful this has been, before focusing on key issues of PSD2, such as the new security requirements, concepts such as “passporting” and surcharging, and its increased scope.

Part 2 of this course (podcast plus test) is accredited with 1 CPD hour for barristers at the Bar of England and Wales.

Part 2 of this course (podcast plus test) is accredited with 1 CPD point (0.5 for the podcast and 0.5 for completion of the test) for solicitors and legal professionals.

Part 2 Podcast Length: 29:44

Date Recorded: 20th April 2015

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