By Rob Moulton and Anna Lewis-Martinez
On 30 April 2020, the FCA released a statement announcing a six-month extension to the deadline for firms’ implementation of strong customer authentication (SCA) for e-commerce under the Payment Services Regulations 2017 (PSRs 2017). The FCA states that the extension is due to the COVID-19 pandemic and is set to minimise potential disruption to consumers and merchants.
The new deadline for implementation is 14 September 2021. This replaces the original 14 March 2021 deadline.