Strong Customer Authentication RTS - The Essentials

Date: 30 April 2019

Format: John Burns

View a recording of this webinar below

Regulation 100 of the Payment Services Regulations 2017 comes into effect on 14 September 2019, requiring all Payment Service Providers operating remotely to issue payment instruments to authenticate instructions. This will affect all account service and payment service providers and anyone else involved managing remote electronic payments.

Our webinar presented by John Burns, our Payment Services Director, has been designed to help you understand the requirements of the Regulatory Technical Standards for Strong Customer Authentication. John translates the requirements, explains who is affected and how and the actions that need to be taken to remain compliant.

We have helped many firms prepare for this new Regulation:

Board presentation outlining the implications of the RTS for your firm
Review your processes to consider use of exemptions
Update your policies and procedures
Variations of Permission if this is required - we have noticed that many Payment Institutions operating remotely do not have the permission for issuing payment instruments. Anyone in this category will need to apply for a Variation of Permission to remain compliant

You can view the Commission Delegated Regulation (EU) 2018/389, dated 27 November 2017 here