Hogan Lovells·FINANCIAL REGULATION
UK bank and EMI direct deduction regulations now in force
New regulations under the Public Authorities (Fraud, Error and Recovery) Act 2025 are in force, setting out banks' and e-money institutions' account direct deduction obligations after a targeted consultation.
uk-regulationpaymentsfraud-and-errore-money-institutionsaccount-direct-deduction
Read the original firm alert → Wednesday, November 4, 2026