FCA updates web pages for PSD2 payment and electronic money institution applications
Regulatory Updates | 13/09/17
The FCA has updated two of its webpages; one on applying to be a payment institution, alongside information on authorising and registering payment institutions, and one on applying to be an electronic money institution, with a webpage on authorising and registering as such an institution. The changes from PSD2, implemented in the UK by the Payment Services Regulations 2017 (SI 2017/752) will take effect from 13 January 2018.
Applications under PSD2 relating to payment institutions and EMIs can be submitted from 13 October 2017.