FCA Announces Support For Strong Authentication Transition Period

The UK’s Financial Conduct Authority (FCA) has become the first national regulator to formally acknowledge EU plans for extending the implementation period for new strong authentication rules, although a precise timetable has yet to be revealed.

The authority published a brief statement this morning in response to a European Banking Authority (EBA) opinion on incoming card security requirements, confirming that the UK regulator will grant firms more time to ensure the right systems are in place.

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