text: FCA consultation on PSD2 authorisation and reporting forms | FIN.
  The FCA has issued a second consultation paper on the implementation of PSD2. This follows one previous consultation paper issued in April 2017, which proposed a general approach to the changes incurred by PSD2. The scope of the current consultation includes new authorisation and registration forms to be used by payment and e-money institutions, as well as new reporting and record-keeping requirements for payment service providers (PSPs).
  The current consultation affects existing PSPs and e-money institutions, as well as businesses which are currently not registered or authorised with the FCA and which continue (or intend to continue) payment-related activities; additionally, the consultation may be relevant to consumers who use payment services or e-money.
  Chapter 2 proposes changes to reporting and record-keeping requirements for PSPs, to include the requirement for major incident reporting and a proposed rule to ensure that banks and building societies keep records about the volume of their account information service and payment initiation service business.
  Chapter 3 offers proposals for six application forms, related to those which were amended by the previous consultation paper in line with European Banking Authority guidelines.