( July 15, 2026, 10:44 GMT | Official Statement) -- MLex Summary: The UK’s payment services and electronic money regime will be modernized to support innovation, while minimizing prudential risks and maintaining consumer protection, the UK's finance ministry said Wednesday. The proposals would shift technical aspects of the regime from legislation into Financial Conduct Authority rules, while retaining core legal definitions, regulatory boundaries and consumer boundaries in statute, HM Treasury said as it set out a consultation that ends in October. The paper is attached....
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