In its final plea for leniency on September’s strong authentication reforms, industry group UK Finance has requested an 18-month transition period — with a six-month carve out for issuers developing behavioural biometrics and a three-year exception for the travel sector.
The association submitted its final proposal to the Financial Conduct Authority (FCA) on August 2, and with roundtable talks set for today the regulator is expected to publish its formal response imminently.
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