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Company News Summary

EML Payments Responds to ASX Aware Query

25 May 2021  |  15:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Response to ASX Aware Query

EML Payments responded to ASX aware query stating that the Company considered the information to be information that a person would expect to have effect on the price or values of its securities. The letter from the CBI stated that the CBI was minded to issue directions to PCSIL pursuant to section 45 of the CBI (Supervision and Enforcement) Act 2013. These directions, if made, could impact the European operations of the Prepaid Financial Services ('PFS') business, including restricting PCSIL's activities under its Irish license. As a regulated entity, PCSIL regularly received correspondence from and had communications with the CBI in the normal course of business and assessed matters raised by the CBI with the aim of ensuring compliance.

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