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Payment Systems Regulation

HM Treasury is reforming the regulatory framework governing payment systems operators and infrastructure in the UK. The consultation on a streamlined approach seeks to modernise oversight of payment systems, retail payments infrastructure, and fintech participation in payment networks. This active policy initiative aims to balance innovation, competition, and financial stability in the payments sector.


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2026

4 events
26 Feb 2026 | Policy paper HM Treasury linked

Payments Forward Plan

The Payments Vision Delivery Committee has published the Payments Forward Plan, setting out a clear and coordinated regulatory roadmap for the payments sector over the next three years. This builds on the strategic direction established by the government’s National Payments …

2025

7 events
15 Jul 2025 | Policy paper HM Treasury linked

National Payments Vision

The government has published the National Payments Vision, setting out its ambitions for the UK’s payments sector to deliver world-leading payments and support the growth mission.

30 Apr 2025 | Committee report linked

We are disappointed that there is not more clarity on the costs of different payment types, and that businesses are continuing to bear the costs of a lack of competition in the payments processing market. (Conclusion)

We are disappointed that there is not more clarity on the costs of different payment types, and that businesses are continuing to bear the costs of a lack of competition in the payments processing market. (Conclusion) Type: conclusion | Number: …

30 Apr 2025 | Committee report linked

HM Treasury, the Bank of England and the Financial Conduct Authority must ensure that the work of the Payment Systems Regulator on competition in payments markets is taken forwards during and after the consolidation of the Payment Systems Regulator into other regulators. (Recommendation)

HM Treasury, the Bank of England and the Financial Conduct Authority must ensure that the work of the Payment Systems Regulator on competition in payments markets is taken forwards during and after the consolidation of the Payment Systems Regulator into …

30 Apr 2025 | Committee report linked

HM Treasury must commit to ensuring that costs of accepting payments by payment method are transparent so that businesses of all sizes can make informed choices on payment methods. HM Treasury should commission work to produce a model of costs produced independently of payment providers. (Recommendation) 47

HM Treasury must commit to ensuring that costs of accepting payments by payment method are transparent so that businesses of all sizes can make informed choices on payment methods. HM Treasury should commission work to produce a model of costs …

2023

3 events
11 Jul 2023 | Consultation outcome HM Treasury linked

Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015 — outcome published

The Payment Accounts Regulations (PARs) transposed the EU’s Payments Accounts Directive in 2015. Part 2 and Schedules 1 and 2 of the PARs set out requirements intended to improve the comparability of fees connected with payment accounts. We expect many …

17 Feb 2023 | Consultation outcome HM Treasury linked

Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015 — consultation closed

The Payment Accounts Regulations (PARs) transposed the EU’s Payments Accounts Directive in 2015. Part 2 and Schedules 1 and 2 of the PARs set out requirements intended to improve the comparability of fees connected with payment accounts. We expect many …

2022

2 events
9 Dec 2022 | Consultation outcome HM Treasury linked

Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015 — consultation opened

The Payment Accounts Regulations (PARs) transposed the EU’s Payments Accounts Directive in 2015. Part 2 and Schedules 1 and 2 of the PARs set out requirements intended to improve the comparability of fees connected with payment accounts. We expect many …

2021

4 events
6 Jul 2021 | Committee report linked

The Treasury has in the past been able to delay policies in the interests of the wider negotiations that took place during the UK’s departure from the EU. This suggests that there is already sufficient and appropriate Treasury oversight of the regulators’ policy proposals without needing to put such a power in law.

The Treasury has in the past been able to delay policies in the interests of the wider negotiations that took place during the UK’s departure from the EU. This suggests that there is already sufficient and appropriate Treasury oversight of …

26 Apr 2021 | Consultation outcome HM Treasury linked

Insolvency changes for payment and electronic money institutions: consultation — outcome published

A consultation seeking feedback on proposed insolvency changes for payment institutions and electronic money institutions, including a new special administration regime.

22 Jan 2021 | Consultation outcome HM Treasury linked

Insolvency changes for payment and electronic money institutions: consultation — consultation closed

A consultation seeking feedback on proposed insolvency changes for payment institutions and electronic money institutions, including a new special administration regime.

2020

4 events
4 Dec 2020 | Committee report linked

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury, the Bank of England, the Financial Conduct Authority, the Payment Systems Regulator and the Royal Mint, about the production and distribution of cash.1

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury, the Bank of England, the Financial Conduct Authority, the Payment Systems Regulator and the Royal Mint, about the production and distribution of …

3 Dec 2020 | Consultation outcome HM Treasury linked

Insolvency changes for payment and electronic money institutions: consultation — consultation opened

A consultation seeking feedback on proposed insolvency changes for payment institutions and electronic money institutions, including a new special administration regime.

2018

1 event

2017

3 events

2015

6 events
16 Nov 2015 | Consultation outcome HM Treasury linked

Implementation of the EU payment accounts directive — outcome published

This consultation invites views on the proposed steps that the government will take in order to make sure the UK meets its obligation to transpose the Payment Accounts Directive (2014/92/EU) (‘PAD’).

3 Aug 2015 | Consultation outcome HM Treasury linked

Implementation of the EU payment accounts directive — consultation closed

This consultation invites views on the proposed steps that the government will take in order to make sure the UK meets its obligation to transpose the Payment Accounts Directive (2014/92/EU) (‘PAD’).

23 Jun 2015 | Consultation outcome HM Treasury linked

Implementation of the EU payment accounts directive — consultation opened

This consultation invites views on the proposed steps that the government will take in order to make sure the UK meets its obligation to transpose the Payment Accounts Directive (2014/92/EU) (‘PAD’).

2014

2 events