Written Question·Treasury·UIN 32008
Bureaux de Change: Fees and Charges
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Kate Osamor
Labour (Co-op) — Edmonton and Winchmore Hill
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing mandatory disclosure of commission rates for currency exchange brokers.
Answer
Emma ReynoldsThe Payment Services Regulations 2017 outline requirements on UK payment service providers regarding disclosure of fees and charges to the payer where currency conversion is provided as part of a payment transaction. Provisions under the Cross Border Paym...
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