CP18/8: PSR regulatory fees

Open consultation: CP17/30
17/08/2017
Consultation CP17/30 closed
28/09/2017
Open consultation: CP17/44
15/12/2017
Consultation CP17/44 closed
26/01/2018
Open consultation: CP18/8
28/03/2018
Consultation CP18/8 closed
10/05/2018
10/05/2018
Confirmation of fee rates
June 2018

We have reviewed the regulatory fees regime for the Payment Systems Regulator (PSR).

Show CP18/8

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.

This document (CP18/18) forms part of that review, and follows the last two consultations in August 2017 (CP17/30) and December 2017 (CP17/44).

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 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 10 May 2018.

You can:

  • email your views to: [email protected]
  • write to: Payment Systems Regulator Limited, 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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