HM Treasury Opens Consultations On PSD2 Reforms

Authorities in the UK have taken a major step towards implementing the revised Payment Services Directive (PSD2), launching consultations on the draft text and finalising the open banking framework that will accompany the reforms.

HM Treasury published a consultation paper on Thursday discussing the transposition of PSD2 into national law, while the Competition and Markets Authority (CMA) issued a final order to banks to open up access to account data to third-party providers.

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