This policy statement concludes our review of the regulatory fees regime for the Payment Systems Regulator (PSR).
In 2017, we started the review to identify a new regime for PSR regulatory fees that is proportionate, sustainable, and simple for fee payers and payment system operators. We have previously published three consultation and decision papers: CP17/30, CP17/44, and CP18/8.
What is in this document?
This policy statement sets out the new regime for PSR regulatory fees that will be in place from 2018/19.
It also contains our decisions on the following matters, which we consulted on in CP18/8:
- References to the annual figures in the fees rules
- Definition of relevant transactions for the Cheque & Credit system in the fee rules
- Approach to PSR on-account fees
- Treatment of underspend by the PSR
Alongside this policy statement, we are also publishing a stand-alone document on the PSR fees figures for 2018/19. That document sets out the figures we will use to calculate the 2018/19 regulatory fees applying the new methodology set out in the fees rules. We will publish the updated figures every year in a similar format.
Who should read this document?
This document is relevant to:
- participants in regulated payment systems under FSBRA
- IFR regulated persons
- PSD2 regulated persons
What happens next?
Our review is now complete. From 2018/19, we will be implementing the new fees regime.
Who are you?
PSR fee payer
Operator of payment systems