The FCA has updated its webpage on the revised Payment Services Directive (PSD2) to include a new timeline section. The FCA indicated that:
- HM Treasury will consult on implementing regulations, which will update the Payment Services Regulations 2009 in the first quarter of 2017;
- the FCA expects to consult on the necessary changes to its guidance and Handbook rules early in the second quarter of 2017; and
- some of the regulatory technical standards (RTS) and guidelines under PSD2 that are being developed by the European Banking Authority will come into force after January 2018. These include RTS on strong customer authentication, which are expected to come into force in autumn 2018.
View FCA expects to consult in early Q2 2017 on Handbook changes to implement PSD2, 2 February 2017