On February 10, 2016, the FCA issued a Call for Input on its approach to the current payment services regime further to the revised Payment Services Directive (known as PSD2) which is to be transposed into national law by January 2018. PSD2 will affect the way payments services providers (such as banks, building societies and money transmission firms) are regulated. The FCA expects to revise certain sections of its Handbook in light of the revised directive and is seeking views on whether any issues exist that should be addressed when the updates are made. Responses to the Call for Input are due by March 23, 2016.

The Call for Input is available at: http://www.fca.org.uk/static/fca/documents/call-for-input-payment-servicesregime.pdf.