TISA to put Payment Services Directive under the spotlight
The Payment Services Directive, which will be implemented in the UK on 1 November this year, is to be the topic at the next TISA – Tax Incentivised Savings Association – Discussion Forum.
Keynote speakers at the event to be held in London on March 11 will be Rosalind Sellers the public affairs manager at the Payments Council who set the strategy for UK payments and Paul Anning a partner at Osborne Clarke.
Sellers will provide an overview of the Payment Services Directive (PSD), its objectives, the potential impact of implementation on both the industry and the consumer, anticipated benefits, industry concerns and issues together with the possible ways to overcome them. Anning will discuss the PSD from the industry perspective, considering perimeter/scope issues such as the meaning of "payment accounts" and the implications for the competitive landscape.
Tony Vine-Lott TISA director general says:
“All firms providing payments services and their customers will be affected by the PSD so it’s essential that the sector ensures it understands what the Directive is setting out to achieve and the regulatory requirements that will apply. But we also need to consider the implications and potential impact from its implementation and this forum will provide an ideal opportunity to do so.”
The PSD seeks to remove barriers to entry to the European payments market to ensure fair market access and enhance competition, efficiency and innovation. It will do this through a set of rules on the information requirements, and the rights and obligations applicable to all payment service providers and end-users in the European Union.
The Discussion Forum will take place on Wednesday 11 March from 13.00 to 16.30 at Fidelity International in Cannon Street, London. Delegate fees are £45 (TISA members) and £75 non members. Further details are available at www.tisa.uk.com
Ends
For further information, please contact:
Steve Radford, Cauldron Consulting – Tel: 020 3178 7238, Mobile: 07889 903786 Email: steve.radford@cauldron-consulting.com
Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108 Email: tony.vine-lott@tisa.uk.com
Or visit:
TISA’s website: www.tisa.uk.com
Email enquiries to: enquiries@tisa.uk.com
Notes for Editors
The Tax Incentivised Savings Association (TISA)
TISA is the premier trade association in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst at the same time encouraging more people to save for their long term financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 120 member firms involved in the supply or distribution of products to the sector and its consumer interest. TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles including:
• Individual Savings Accounts (ISAs)
• Child Trust Funds (CTFs) • Savings Gateway
• Personal Pensions • Investment Bonds
• Employer based pension schemes
• Wraps and platforms
• Other consumer-centric savings schemes and initiatives.
HM Government uses TISA’s market knowledge and ability to represent the views of both the savings and investments industry and consumers to help it to its policy in this area. Recent TISA successes include improvements to the ISA, the regime in which ISAs operate and simplification of the CTF.