Specific guidelines on chatting with clients found in Chapter 2 of BCOBS regarding the FCA Handbook on chatting with clients (that have been initially made for credit organizations) now additionally affect organizations supplying repayment solutions and electronic cash solutions. The overarching requirement is the fact that companies communicate information to customers that is reasonable, clear and never deceptive and in addition now relates to the actions linked to the provision of electronic cash and payment solution tasks.
The re payments regime is lay out mainly into the PSRs, supplemented by step-by-step guidance within the FCA’s ‘Payment Services and Electronic Money: Our Approach’ document. The PSRs applied the EU that is second Payment Directive (PSD2) with impact from 13 January 2018 вЂ“ changing the Payment Services Regulations 2009, which had implemented the initial EU Payment Services Directive (PSD1). The PSRs include both a licensing regime for ‘payment organizations’ and an enrollment regime for username and passwords providers (AISPs), both of that are types of non-bank banking institutions, along with substantial conduct demands, which use not just to re re re payment organizations (and, to an extent that is limited to AISPs) but in addition with other forms of banking institutions such as for instance banking institutions and electronic money organizations (EMIs) whenever supplying re re re payment solutions in terms of their products or services. Continuer la lecture de « As being a basic rule, where a banking account is susceptible to the PSRs, matching requirements under BCOBS are disapplied »