HM Treasury have issued their consultation for PSD2 implementation into UK law and most of the representations that we have made to them on behalf of Network Operators and their Intermediaries since January 2016 are reflected in the consultation questions. See https://www.gov.uk/government/consultations/implementation-of-the-revised-eu-payment-services-directive-psdii
AIME are running two workshops for this next week in London.
The workshop with network operator members is to walk through the impact of the proposed regulation on network operators and to discuss our response to their consultation. Networks affected will be those companies who are providing a payment service to their customers as part of a suite of services that includes telecoms. A payment services is simplistically defined as taking a payment from a network customer for a service supplied by a merchant who is not the network.
The purpose of the workshop is to advise what our response will be to Treasury, to summarise our discussion with FCA and to ensure if any individual responses are being made that we align views to steer government as much as possible to reduce or eliminate the cost to the Telecoms industry of this updated financial regulation.
The Network Operator workshop is on 21st February at PSA’s premises, commencing at 14:30 to 16:30 and will also include MobileUK and PSA representatives.
The Intermediaries workshop is on the 22nd February 10.00 – 12.00 at the same location. The workshop will then be used to formulate AIME’s response on behalf of membership and guide members in their responses to Treasury if they so wish. The workshops will focus on the potential impact on Fixed Line and Mobile Operators and the potential impact on Intermediaries.
AIME will issue a discussion paper and draft Treasury response ahead of the meeting.
Please let Andrea know if you are able to attend the workshops and which one you would like to attend. Spaces to both of these workshops are limited to 20 and we kindly request that no more than 2 representatives from each member company attend to allow space for everyone.