Exclusive: FCA Backs Transition Period On Strong Authentication Rules

The UK’s Financial Conduct Authority (FCA) has taken the first steps towards delaying controversial strong authentication reforms beyond September’s deadline, PaymentsCompliance can reveal.

The regulator wrote to industry groups on Friday to acknowledge widespread concerns that the industry has had insufficient time to prepare for the new rules, which are due to take effect across the European Union on September 14 this year.

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