ea Consulting Group (eacg) welcomes this opportunity to respond to the above consultation paper. Although the scope of the CP is limited on this occasion we recognise with declining cheque usage and fewer cash transactions that electronic money will become of major economic significance in the years ahead on a pan-European basis.
Our comments on the specific questions raised in the CP concerning the technical changes to the Handbook and amendments for payment service providers are to be found in the attached appendix. We have noted the FSA’s intention to publish feedback to CP10/25 in a Policy Statement in due course accompanied by the final Handbook text.
eacg Implementation Secong Electronic Money Directive CP10 (pdf)
