Regulation No. 29/2022 "Për autentifikimin e thelluar të klientit dhe standardet e përbashkëta, të hapura dhe të sigurta të komunikimit" (Regulation No. 29/2022 on Strong Customer Authentication and Common, Open and Secure Communication Standards)
Applies to payment service providers. It sets out when strong customer authentication applies under Art. 90 of the Law on Payment Services, the exemptions, protection of users' personalised security credentials, and common, open and secure communication standards. Approved by the Supervisory Council on 01.06.2022; Art. 42 states that the regulation takes effect on 1 January 2024.
Who it applies to
Banking · Payments & Fintech
Topics
Cybersecurity & IT RiskPayments & Fintech / Digital Assets
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…
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