CBPR2 - A Guide to the New Regime

Introduction

The Cross-Border Payments Regulation (EC) No 924/2009 (‘CBPR’) is part of the EU strategy to implement and improve a single European market for retail financial services, namely, to reduce the obstacles to cross-border transactions. CBPR has gone through multiple changes. The most recent changes are made by what is commonly referred to as CBPR2 (Regulation (EU) 2019/518).

However, apart from a few limited provisions, CBPR has largely been revoked in the UK following the end of the Brexit transition period.

This new short webinar will explain the CBPR requirements as ‘onshored’ in the UK (‘UK CBPR’), providing you with a better understanding of the new regime.

What You Will Learn

The webinar will cover the following:

• The UK ‘onshoring’ process/outcome of the CBPR and CBPR2
• What firms need to comply with the UK CBPR regime?
• What are the key requirements under the UK CBPR regime?
• What are the potential issues with the UK CBPR regime?

This webinar was recorded on 28th April 2021