Regulatory Alerts2004-11-29
Self-reporting for payment service systems
The Financial Supervisory Authority of Norway requires entities operating payment service systems to submit a self-reporting form to the authority. The document mandates a detailed checklist covering agreements with participating institutions and suppliers, risk assessments for authentication solutions, and the operational readiness of the system. It ensures compliance by verifying security mechanisms, disaster recovery plans, and the clarity of customer rights and responsibilities.
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