Denmark Authority Tentatively Backs SCA 'Migration Period'

Denmark’s regulator has acknowledged concerns from the European Banking Authority (EBA) about industry readiness for forthcoming strong authentication reforms, tentatively opening its doors to firms seeking a transition period beyond September 14.

Finanstilsynet, the Danish Financial Supervisory Authority (FSA), announced on Thursday it would consider allowing a “migration period” for firms that did not have the proper systems in place for the September 14 deadline.

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