Written Question·Treasury·UIN 101353

Electronic Funds Transfer: Fraud

Tabled: 18 December 2025
Answered: 7 January 2026

Question

Stuart Andrew

ConservativeDaventry

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the July 2019 implementation date of the Contingent Reimbursement Model Code on victims of authorised push payment scams that occurred before that d

Answer

Lucy Rigby
The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this appalling crime. To protect consumers, under the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has introduced a manda...

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