Payment Systems Regulator — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, whether the merger of the Payment Services Regulator in the Financial Conduct Authority will require (a) primary and (b) secondary legislation; and what her planned timetable is for completion of that merger.

Answer

Emma Reynolds

The Payment Systems Regulator (PSR) has carried out important work to support the UK’s world leading payments sector. However, moving forward, the Government wishes to see a more streamlined regulatory environment with minimal overlap between regulators’ ...

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