The supplementary paper provides some clarification to the consultation on PSR fees and extends the deadline for responses from 18 May 2015 to 29 May 2015.

The overall proposed approach to collecting fees is unchanged but the paper clarifies, or provides further information on, the following points:

•    The scope of the payment systems regulated under FSBRA and on which PSR fees will be levied.
•    How we are using the transaction data that we have collected.
•    Commentary around onward allocation of PSR fees by Payment System Operators to systems’ direct members.

Further reading

Read FCA CP15/14 fees consultation, FCA Regulated fees and levies: Rates proposals 2015/16 (this will take you to the FCA website)