[fa icon='calendar'] 27-Apr-2020 13:29:35 / by Colin Sloan posted in Payment services, Payments sector, CBPR2
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With words and phrases such as “pandemic”, “furlough” and “business continuity measures” at the forefront of minds at the moment, firms may have missed that the Cross Border Payments Regulation 2 (CBPR2) came into force on Sunday past (19 April).
Nonetheless, as an EU regulation it has direct effect across all EEA member states, as well as the UK for the duration of the Brexit transitional period. So, what is CBPR2 and what are the key takeaways for firms who have missed the deadline?