Payment Systems Regulator publishes Annual Report and Accounts for 2022/23
We've published our Annual Report and Accounts for 2022/23, setting out our achievements over the past year.
In 2022/23, we made extensive use of our regulatory powers to promote innovation and competition, helping to protect people and businesses. We directed almost 400 more firms to offer the Confirmation of Payee service as a safeguard against fraud, implemented our pro-competition remedies in the card-acquiring market, and settled two further enforcement cases. We also outlined our vision for open banking to develop in a safe, scalable and sustainable way.
As well as this, the Sterling Fnality Payment System became the newest payment system to fall under our regulation - making it the first regulated distributed ledger technology payment system in the world.
What this document contains
As well as a summary of the work we completed in 2022/23, as set out above, the annual report also includes:
- Directors’ report
- Corporate governance statement
- Directors’ remuneration report
- Financial statements
To accompany our annual report, we've published a handy factsheet and a strategy outcomes progress report looking at the progress made so far against our five-year Strategy. These can be found below.