FSA addresses payment services with latest consultation paper

The PSD requires countries in the European Economic Area (EEA) to regulate payment services. It will impact all firms providing payment services, including banks, building societies, e-money issuers, money transfer operators and non-bank credit card issuers. HM Treasury is currently consulting on the text of the Payment Services Regulations 2008, which will implement the directive in the UK on 1 November 2009. The FSA will be responsible for the authorisation and registration requirements under the PSD, as well as supervising the Directive's conduct of business regime. In addition to ...