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Thursday, 2 February 2017

How The UK Will Introduce #PSD2

The UK Treasury has published its plans for implementing the new Payment Services Directive (PSD2), which must be done by 13 January 2018.  We have until 16 March 2017 to comment on the draft regulations.  No doubt we will also soon hear what how the FCA will approach its supervisory role.

I've previously covered the key differences between PSD2 and the current directive, and there are many areas for differing interpretation...

I will share my thoughts on the current consultation in the coming week(s).

Update: a copy of my submission to the Treasury consultation is here.

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