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EML Payments Provides Update for Central Bank of Ireland

07 Oct 2021  |  16:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Central Bank of Ireland Update

EML Payments announced that the Company referred to its ASX announcement of 19 May 2021 and its ongoing dialogue with the Central Bank of Ireland ('CBI'). The Company advised that its Irish regulated subsidiary, PFS Card Services (Ireland) ('PCSIL'), has received correspondence from the CBI regarding the CBI's regulatory concerns in relation to PCSIL and directions ('Correspondence'), including but not confined to the remediation plan and growth. The CBI has invited PCSIL to provide it with submissions in relation to the directions, which PCSIL intends to do by 28 October 2021.

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