PS18/12: PSR regulatory fees
This policy statement concludes our review of 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.
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.
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, the PSR have 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. The PSR will publish the updated figures every year in a similar format.
Who this applies to
This document is relevant to:
- participants in regulated payment systems under FSBRA
- IFR regulated persons
- PSD2 regulated persons
Next steps
Our review is now complete. From 2018/19, we will be implementing the new fees regime.
Who you are |
Action |
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PSR fee payer |
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Operator of payment systems |
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