Konsentus agrees with the FCA on their proposed changes to Article 34 of the UK-RTS

Wednesday 16 September 2020 12:23 CET | News

Konsentus has agreed with the FCA’s proposed changes to Article 34 of the UK-RTS which would amend the open banking identification requirements (eIDAS certificate) for UK third-party providers (TPPs).

To ‘avoid disruption to open banking services’, the FCA is proposing to change the regulatory requirements after the transition period comes to an end at 11:00 pm on 31 December 2020 (referred to as Implementation Period (IP) Completion Day) to allow for the use of an alternative form of identification.

The FCA has invited organisations to comment on their proposal. Konsentus has responded stating that it agrees with the proposed changes to Article 34 of the UK-RTS and will endeavour to support ASPSPs in verifying whichever certificate formats are selected and provide them with the UK regulatory data they need to make an informed decision on whether they allow a TPP to access accounts.

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Keywords: Konsentus, Open Banking, ASPSPs, RTS, TPP, acces to accounts, UK, FCA, eIDAS certificate
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech