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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

continuous payment authority

    157consent given by a customer for a firm to make one or more requests to a payment service provider for one or more payments from the customer's payment account161, but excluding:

      1. (a) a direct debit to which the Direct Debit guarantee applies; and
      1. (b) separate consent given by a customer to a firm, following the making of the credit agreement, for the firm to make a single request to a payment service provider for one payment of a specified amount from the customer's payment account161 on the same day as the consent is given or on a specified day.