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The Payment Services Directive 200764EC (the PSD) will become effective in Ireland on 1 November 2009 and will introduce a new EU-wide licensing regime for many firms and business that have up until now operated in an unregulated environment
In light of the recent banking crisis, the Government has moved to amend the Companies Acts, particularly those provisions relating to transactions between banks and their directors, and to strengthen the powers of the Director of Corporate Enforcement
