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pc nid 91399 Mar 19, 2026 csoo@vixio.com United Kingdom Financial Conduct Authority horizon scanning

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UK's Financial Conduct Authority Publishes Update to Its Approach to Payment Services and Electronic Money

On March 19, 2026, the Financial Conduct Authority (FCA) published version seven of its Payment Services and Electronic Money Approach Document. The document contains FCA’s guidance on payment services and electronic money, designed to help businesses navigate the Payment Services Regulations 2017 and the Electronic Money Regulations 2011 . The updated guidance makes the following change which was confirmed in Handbook Notice 136 : Amendments regarding exemptions from strong customer authentication, including the contactless payments exemption.