Written Question·Treasury·UIN 32007

Bureaux de Change: Regulation

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 updating regulations on currency exchange brokers.

Answer

Emma Reynolds

The 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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