22 Mar 2022 By PAYCEC
It depends on the decision of each European Union Member State who is responsible for appointing a National Competent Authority in charge of issuing and monitoring account information service provider (AISP) licenses.
PSD2 is implemented in the United Kingdom by the Financial Conduct Authority (FCA), which regulates financial firms and markets in the country. The FCA is in charge of determining which third-party providers (TPPs) can be licensed or registered, as well as monitoring TPPs' PSD2 reporting duties. The FCA also handles all complaints directed at a third-party source.
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