Member

The amendment would simply require the FCA, into which the PSR has now been subsumed, to continue with that valuable reporting, including, where reasonably possible, identifying where the fraud originated—for example, which tech platforms, as we have just been talking about. This would allow us to take targeted action against those platforms that are doing least to protect consumers from fraud. The amendment would introduce no new obligations or work; it just requires the FCA to continue to do what was previously agreed and was being done by the PSR. I hope the Minister can provide some reassurance that this important reporting will continue.