Introduction to the UK’s Special Insolvency Regime for Payment and Electronic Money Institutions
In April 2024, Taylor Wessing, a leading international law firm, published an insightful article shedding light on the UK’s specialized insolvency regime tailored for Payment and Electronic Money Institutions (PEMIs). This regulatory framework, known as the “RIU,” represents a significant development in the financial sector, aiming to address the unique challenges posed by the insolvency…