The UK regulator, the Financial Conduct Authority (FCA), published a consultation (CP17/11) on revised guidance and Handbook rule changes for PSD2 on 13 April 2017.
The UK Payment Systems Regulator has also published a separate draft Approach Document on the aspects of the draft UK implementing regulations, the Payment Services Regulations 2017 (PSRs 2017), for which it is solely responsible.
The consultation for both Approach Documents is being co-ordinated through the FCA and closes on 8 June 2017. The FCA intends to publish its final rules and revised Approach Document in a Policy Statement in Q3 2017, after HM Treasury finalises the PSRs 2017, so that it can take into account any further changes to the implementing legislation.
The FCA's proposed changes would take effect from 13 January 2018, unless stated otherwise in the consultation paper.
A further FCA consultation on matters related to the EBA mandates under PSD2 (such as the Regulatory Technical Standards on strong customer authentication and common and secure communication) will be issued in mid-2017 and the proposals finalised in autumn 2017, subject to progress on the various EBA workstreams.
The main sources of guidance on PSD1 are the FCA Approach Document to the Payment Services Regulations 2009 and the Guidance on the Scope of the Payment Services Regulations 2009 (PERG 15) in the FCA's Perimeter Guidance Manual.