PAS 156:2015 Specification for the maintenance of financial services customer data

PAS 156:2015

Specification for the maintenance of financial services customer data

Status : Current   Published : March 2015

Format
PDF

Format
HARDCOPY



What is this standard about?

 This PAS sets out requirements for financial services organizations on how to maintain accurate customer records in a timely manner.

Who is this standard for? 

  • All financial services organizations, such as banks, building societies and pensions providers, that:
    • Operate in the UK 
    • Are subject to the regulations of the Financial Conduct Authority, Prudential Regulation Authority or The Pensions Regulatoro Hold customer data
  • Third party administrators who manage customers’ assets or data on behalf of any of these organizations

Why should you use this standard? 

PAS 156 sets out the minimum requirements for achieving and maintaining customer data. This enables improved customer contact, better informed decision making from a customer’s perspective and the timely paying out of assets in the case of deceased customers.

The PAS adds detail to existing regulatory guidance and provides a framework to assist financial services organizations in meeting such guidance.

You might also be interested in: 

    §  All financial services organizations, such as banks, building societies and pensions providers, that:

    o   Operate in the UK

    •  
      • Are subject to the regulations of the Financial Conduct Authority, Prudential Regulation Authority or The Pensions Regulator
    Hold customer data



Standard NumberPAS 156:2015
TitleSpecification for the maintenance of financial services customer data
StatusCurrent
Publication Date31 March 2015
Normative References(Required to achieve compliance to this standard)No other standards are normatively referenced
Informative References(Provided for Information)No other standards are informatively referenced
DescriptorsMaintenance, Financial institutions, Finance, Credit institutions, Banks, Organizations, Consumers, Data, Information
ICS03.060
35.240.40
CommitteeZZ/3
ISBN978 0 580 86073 7
PublisherBSI
FormatA4
DeliveryYes
Pages24
File Size791 KB
Price£88.00


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