PSD 2: Re-authorisation

PSD2 has been implemented in the UK through the Payment Services Regulations 2017(link is external) (PSRs 2017). The FCA had issued a consultation to reflect the Treasury’s new regulations in April 2017. This included some proposals relating to authorisation, and changes to our perimeter guidance to throw further light on the specific types of business and activity that will need to be authorised or registered under PSD2. The FCA had further issued a smaller, follow-up consultation on certain authorisation and registration forms under PSD2 in July 2017. They have published the Policy Statement in September 2017 confirming the revised Approach Document and Handbook changes following consultation feedback.