FCA statement on EBA’s draft PSD2 Guidelines and Opinion for banks and others involved in open banking

The FCA has published a statement on the European Banking Authority’s (EBA) draft PSD2 Guidelines and Opinion on the Regulatory Technical Standards (RTS) on Strong Customer Authentication and Common and Secure Communication.

The FCA said that it was supportive of the views contained in the EBA Opinion and encourage firms and API initiatives to consider these views. If the final version of the Guidelines is the same as the published draft, and subject to its own consultation process, the FCA said that it would expect to comply with the Guidelines.

The FCA plans to consult on changes to its guidance and rules to reflect the RTS, Opinion and draft Guidelines during the summer.