Payment Systems Regulator: Difference between revisions
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imported>Doug Williamson (Correct typo 'FCA'.) |
(Update for absorbing by FCA. Source - ACT blog.) |
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*Promoting effective competition in the markets for payment systems and services. | *Promoting effective competition in the markets for payment systems and services. | ||
*Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems. | *Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems. | ||
In March 2025, it was announced that the Payment Systems Regulator would be absorbed by the Financial Conduct Authority in order to reduce the regulatory burden, overlapping responsibilities and costs for financial services organisations. | |||
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* [[Immediate payments and the impact on corporate treasurers]] | * [[Immediate payments and the impact on corporate treasurers]] | ||
* [[Infrastructure]] | * [[Infrastructure]] | ||
* [[Joint Regulatory Oversight Committee]] (JROC) | |||
* [[New Payments Architecture]] (NPA) | * [[New Payments Architecture]] (NPA) | ||
* [[Pay.UK]] | * [[Pay.UK]] | ||
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== | ==Other resource== | ||
* | *[https://www.psr.org.uk/about-us/the-psr-purpose/ The UK Payments Systems Regulator - our purpose] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 14:50, 6 May 2025
UK financial regulation.
(PSR).
The Payment Systems Regulator was established in 2015 to regulate payment systems in the UK.
The PSR's objectives include:
- Ensuring that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
- Promoting effective competition in the markets for payment systems and services.
- Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems.
In March 2025, it was announced that the Payment Systems Regulator would be absorbed by the Financial Conduct Authority in order to reduce the regulatory burden, overlapping responsibilities and costs for financial services organisations.
See also
- Confirmation of Payee
- Cross-border interchange fee
- Financial Conduct Authority (FCA)
- Immediate payments and the impact on corporate treasurers
- Infrastructure
- Joint Regulatory Oversight Committee (JROC)
- New Payments Architecture (NPA)
- Pay.UK
- Payment service provider
- Payment system
- PSD2
- Request to Pay
