Payment Services and Electronic Money – Our Approach

This document will help businesses to navigate the Payment Services Regulations 2017 (PSRs 2017) and the Electronic Money Regulations 2011 (EMRs) (together with our relevant rules and guidance), and to understand our general approach in this area.

 

 

Policy Statement: Implementation of the revised Payment Services Directive (PSD2)

This Policy Statement confirms the revised Approach Document and Handbook changes following consultation feedback. It affects existing payment service providers, who will be subject to the PSRs 2017, e-money issuers who will be subject to the amended EMRs, and their customers. It also affects firms not currently authorised or registered with the FCA that carry out (or intend to carry on) payment-related activities.

 

In focus

Payment Services Stakeholder Liaison Group

The Group has been reconvened to discuss key issues relating to the revised Payment Services Directive (PSD2). Read the minutes of the July meeting.

Payments Services Regulations 2017

All payment institutions must comply with the conduct of business requirements set out in the PSRs.

Our role under the PSRs and EMRs

Read more about our approach to the Payment Services Regulations 2017 and the Electronic Money Regulations 2011.