CP17/44: PSR regulatory fees

Open consultation: CP17/30
17/08/2017
Consultation CP17/30 closed
28/09/2017
Open consultation: CP17/44
15/12/2017
15/12/2017
Consultation CP17/44 closed
26/01/2018

We 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.

Show CP17/44 (PDF)

In light of previous feedback from stakeholders and upcoming industry developments, we launched a review of our existing approach to fees collection and allocation.

Why are we publishing this document?

In August 2017 we published CP17/30 (PDF) to consult on our approach.

In this document, we set out our decision and further consultation questions on a number of elements related to our regulatory fees. They include:

The way we collect PSR fees

We set our decision to collect PSR fees directly from fee payers, rather than to collect them indirectly via operators of payment systems. 

We are consulting on further amendments to the fees rules that will enable us to implement our proposal.

The way we allocate PSR fees to fee payers

We are consulting further on a fees allocation method that is based on the volumes and values of the fee payers’ transactions in the payment systems we regulate. We are also consulting on the draft amendments to the fees rules that reflect the fees allocation proposal.

Other issues relating to our fees allocation

We set out our decisions on a number of issues we consulted on in August, eg if we should introduce any transitional measure, how we should treat fees as regards our functions under PSD2, and how we treat fees for PSPs that need to implement retail bank ring-fencing.

We are consulting on a number of other issues, eg the types and scope of transactions for fees allocation, and the minimum thresholds for fees allocation.

Who this applies to

This document is relevant to:

  • participants in regulated payment systems under FSBRA
  • IFR regulated persons
  • PSD2 regulated persons

Please note that this consultation paper contains no material directly relevant to consumers or consumer groups.

Next steps

We welcome your views on the proposals in this consultation by 5pm on 26 January 2018.

You can email your views to: [email protected]

You can also write to: Payment Systems Regulator, Fees team, 25 The North Colonnade, London E14 5HS

The confirmation of the PSR fee rates for 2018/19 will be published in June 2018.

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