Regulatory Alerts2018-12-14
PS19/26: Brexit - Regulatory Technical Standards for Strong Customer Authentication and Common and Secure Open Standards of Communication
The Financial Conduct Authority and Prudential Regulation Authority issued Policy Statement PS19/26 to implement the final Regulatory Technical Standards for Strong Customer Authentication and Common and Secure Open Standards of Communication. These standards establish the technical requirements for secure customer authentication and open banking communication protocols in the United Kingdom following Brexit. The document finalizes the regulatory framework to ensure continued compliance with the Payment Services Directive 2 and the Revised Payment Services Directive amid the UK's departure from the European Union.
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