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PSD2 Consultations and Announcements
Malta: Consultation on Central Bank Directive Implementing PSD2 Provisions
29th Aug 2019 | Written by:
Elizabeth Munoz Perez
On June 12, 2017, the Central Bank of Malta (CBM) launched a public consultation seeking stakeholder input on draft legislation to transpose Directive (EU) 2015/2366, also known as the revised...
UK: FCA Issues 'Dear CEO Letter' on Requirements for SCA in Card-Not-Present E-Commerce Transactions
21st Aug 2019 | Written by:
On August 20, 2019, the Financial Conduct Authority (FCA) published a "Dear CEO Letter" on requirements for strong customer authentication (SCA) in card-not-present e-commerce transactions. ...
Norway: Financial Supervisory Authority Announces Transition Scheme for Strong Customer Authentication
20th Aug 2019 | Written by:
On August 20, 2019, the Financial Supervisory Authority (Finanstilsynet) announced that it will grant an extension to the deadline of September 14, 2019 to payment service providers (PSPs) for the...
EBA Clarifies Fifth Set of Issues Raised by Working Group on APIs under PSD2
14th Aug 2019 | Written by:
On August 14, 2019, the European Banking Authority (EBA) published responses to the fifth set of issues (XXI to XXVI) raised by participants of the working group on application programming...
Czech Republic: Ministry of Finance Issues Consultation on Amendments to Payment Systems Act
7th Aug 2019 | Written by:
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
European Payment Institutions Federation Issues Joint Industry Statement on SCA Implementation
5th Aug 2019 | Written by:
On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication ...
EBA Clarifies Fourth Set of Issues Raised by Working Group on APIs under PSD2
29th Jul 2019 | Written by:
On July 26, 2019, the European Banking Authority (EBA) published responses to a fourth set of issues (XIV to XX) raised by participants of the EBA working group on application programming...
European Credit Sector and Third-Party Provider Associations Issue Joint Statement on Efforts Regarding Transition to New Payment Rules under PSD2
26th Jul 2019 | Written by:
On July 26, 2019, the European Credit Sector Associations (ECSAs), the European Third Party Providers Association (ETPPA) and the Financial Data and Technology Association (FDATA) issued a joint...
EBA Publishes Report on the Impact of Fintech on Payment Institutions' and E-Money Institutions' Business Models
8th Jul 2019 | Written by:
The European Banking Authority (EBA) has published a report on the impact of fintech on the business models of payment institutions (PIs) and electronic money institutions (EMIs). The report...
UK: FCA Issues Safeguarding Arrangements for Non-Bank Payment Service Providers
5th Jul 2019 | Written by:
On July 4, 2019, the Financial Conduct Authority (FCA) published an announcement on the safeguarding arrangements of non-bank payment service providers. The FCA states that under the Electronic...
UK: FCA Consults on Temporary Permissions Regime for Inbound Firms and Funds
24th May 2019 | Written by:
On October 10, 2018, the Financial Conduct Authority (FCA) published a consultation paper on the temporary permissions regime (TPR) for inbound firms and funds. The consultation sets out how the...
Norway: Financial Supervisory Authority Publishes Report on Risk and Vulnerability Analysis 2018
10th May 2019 | Written by:
On May 9, 2019, the Financial Supervisory Authority (Finanstilsynet) published a risk and vulnerability analysis report on the financial sector's use of information and communications technology ...
Lithuania: Central Bank Consults on the Need and Conditions for Open Banking
8th May 2019 | Written by:
On November 27, 2018, the Bank of Lithuania launched a public consultation seeking feedback in regard to the need and conditions for open banking in the country, following regulatory changes made...
Liechtenstein: Finance Ministry Consults on PSD2 Transposition
7th May 2019 | Written by:
On September 4, 2017 the Ministry of General Government Affairs and Finance of Liechtenstein proposed a consultation for the transposition of the revised Payment Services Directive (PSD2). The...
UK: OBIE Updates Open Banking Standard
1st May 2019 | Written by:
On May 1, 2019, the Open Banking Implementation Entity (OBIE) released Open Banking Standard version 3.1.2, which enables enhanced features and functionality, extending beyond basic compliance with...
EBA Clarifies Third Set of Issues Raised by Working Group on APIs under PSD2
29th Apr 2019 | Written by:
On April 26, 2019, the European Banking Authority (EBA) published clarifications to the third set of issues (VIII to XIII) that had been raised and discussed by participants of its working group on...
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