The UK Treasury has published a consultation paper on the PSD ahead of the directive’s deadline next year
LONDON – The UK Treasury has published a consultation paper on the Payment Services Directive (PSD). The Treasury document, entitled Implementation of the Payment Services Directive: a consultation on the draft legislation, is in reaction to the EU draft regulation designed to harmonise cross-border payments in the European Union, and which is due for majority implementation in the UK on November 1, 2009.
Later this summer the UK Financial Services Authority will consult on the remaining legislative changes, relating to out-of-court redress and complaints procedures. The deadline for responses to the Treasury’s paper is October 3, 2008.
Sign up for Risk.net email alerts
Catch up with the debate at OpRisk's flagship London conference
Sponsored video: Elseware
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.