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Out with (some of) the old, in with the new: the FCA's Approach to PSD2 takes shape

04 May 2017

While much of the FCA's draft revised Payment Services Approach Document re-iterates the FCA's existing document, there are several exceptions which could have an impact on firms' current practices.

For the new provisions, with the PSR17 yet to be finalised and a number of key policy decisions still outstanding, does the draft Approach Document indicate the direction of travel on those areas of the PSR17 where the copy-out approach fails to address any uncertainty in the drafting of PSD2?

Take a look at our client note on the draft revised Approach Document and proposed revisions to the FCA Handbook for more on what's changing…or staying the same.

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