The BMA has published a consultation paper seeking feedback on a proposed legal framework for the licensing and supervision of service providers. In the paper published on November 22, the BMA says the framework, which shall be regulated under a Digital Identity Service Provider Business Act (DISPA), is part of efforts to advance its policy objectives and expand the use of digital ID in other areas that may positively impact people’s lives. The move, which is part of the BMA’s Customer Due Diligence, is also seen as a step by the financial services regulator to position the North Atlantic Ocean archipelago for “continued growth, diversification and innovation in the financial services sector in the future.”