FCA’s latest Handbook Notice confirms it has made the following rules at its last 3 board meetings:
- changes to reflect the extension of various SMCR deadlines as a result of the pandemic (made in October);
- the Covid-19 Consumer Credit Instrument, that allows for the guidance on deferrals published on 19 November to take effect without being inconsistent with CONC
- the Debt Advice Levy (additional sum 2020/2021) Instrument and
- the technical standards on SCA and Common and Secure Methods of Communication Instrument, the Payment Services (amendment no 2) Instrument and the technical standards on SCA and Common and Secure Methods of Communication (amendment of eIDAS Certificate) Instrument – al of which relate to Brexit and PSD2, and which, in summary make the UK SCA technical standards and revoke the EU ones, and change article 34 of the SCA-RTS in relation to eIDAS certificates so as to allow for an alternative form of identification to limit the risk of disruption to open banking services and users. Changes also confirm the increase of the contactless limit to £45. All these changes will take effect immediately from the end of the transition period.