FSA consults on PSD Handbook changes
28 August 2008
The consultation proposes Handbook changes that are required to implement aspects of the Payment Services Directive. The new Handbook and EG material will take effect on 1 November 2009.
The consultation proposes Handbook changes that are required to implement aspects of the Payment Services Directive.
The FSA needs to make a small number of Handbook changes to
- apply its complaints handling rules to payment services firms;
- change the jurisdiction of the Financial Ombudsman Service so that it can perform the out-of-court redress function required by the PSD; and
- introduce an approach to enforcing the Payment Services Regulations that mirrors its general approach to enforcement under the Financial Services and Markets Act 2000 (FSMA).
The new Handbook and EG material will take effect on 1 November 2009.
Deadline for responses is 28 November 2008.
Press release
Newsletter
Consultation paper
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