Key focus areas include:
➡️ Ongoing Focus on APP Fraud: Continued monitoring of the mandatory reimbursement regime, including response to the independent evaluation of its first year and oversight of firm compliance;
➡️ Next Phase of Open Banking: Work to establish a long-term regulatory framework and future oversight model for open banking; and
➡️ Enhanced Supervision & Enforcement: Strengthening supervisory and enforcement approach aligned to the FCA.
✅ Firms should monitor developments on APP fraud requirements, card fee reforms and open banking, and ensure readiness for evolving supervisory expectations.