The technical standards under Payment Systems 2 (PSD2), also known as the regulatory technical specification or RTS, come into force for affected firms on 14 September 2019.

To assist firms in preparing, the FCA has issued a reminder containing key dates and deadlines that will need to be met in order to be compliant by 14 September 2019. We have set out the key timings below.

Finalised reporting and notifications

Fraud report

from 1 January 2019

Authorised push payment complaints reporting

from 1 July 2019

Statistics on the availability and performance of a dedicated interface

from 14 September 2019

Problems with dedicated interface

from 14 September 2019

Undertaking strong customer authentication

by 14 September 2019

Application Programming Interfaces (APIs)

Requirement to give 3rd party access

by 14 September 2019

Submission of fallback exemption requests

by 14 June 2019

Making use of testing facilities

by 14 September 2019