We have reviewed the regulatory fees regime for the Payment Systems Regulator (PSR).
We launched a review of our approach to fees collection and allocation in the summer of 2017, following previous feedback from stakeholders and upcoming industry developments.
What is in this document?
This document set out our decisions on the questions we asked in CP17/44:
- our fees allocation method, including our proposed methodology of allocating PSR fees based on fee payers’ transaction volumes and values, the scope of relevant transactions and the definitions used
- further details of our fees collection method, including the provision of transaction data by operators, the verification of that data, the provision of contact details and the relevant dates
These decisions will take effect from 2018/19.
The document also poses further questions for consultation:
- Our approach to publishing annual fees figures in future
- Updated definition of relevant transactions for fees allocation
- Our approach to on-account fees collection from 2019/20 onwards
- Refund of underspend, including the 2017/18 underspend
Who should read this document?
This document is relevant to:
- participants in regulated payment systems under FSBRA
- IFR regulated persons
- PSD2 regulated persons
We welcome stakeholder feedback on our proposals. Please send us your comments on the questions in this consultation paper by 5pm on 10 May 2018.
You can email us at PSRfees@psr.org.uk or write to us at the following address:
Payment Systems Regulator Limited
25 The North Colonnade
London E14 5HS
CP 17/44: PSR regulatory feesWe set out our decision on the way we will collect our regulatory fees in 2018/19 and in subsequent years, and are consulting further on our proposed fees allocation method.
CP 17/30: PSR regulatory fees 2018/19We are considering whether and how to review our approach to allocating and collecting our regulatory fees in 2018/19 and in subsequent years.
How the PSR is fundedThe PSR annual budget and costs explained