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Competition UK Payment Systems Regulator United Kingdom

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Abolishes Payment Systems Regulator

On 11 March 2025, the UK government announced its decision to abolish the Payment Systems Regulator (PSR) as part of a broader initiative to reduce regulatory burdens and stimulate economic growth. This action is intended to...more

A&O Shearman

UK Payment Systems Regulator to be abolished - what's next?

A&O Shearman on

The UK Government has announced the abolition of the Payment Systems Regulator (PSR), with a view to driving economic growth and reducing the burdens on business. The practical impact on firms is yet to be seen, and the...more

A&O Shearman

UK regulators publish feedback statement on big tech and digital wallets

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The UK Financial Conduct Authority (FCA) and the UK Payment Systems Regulator (PSR) have issued a joint feedback statement on the usage and impact of big tech and digital wallets (FS25/1). The feedback statement was...more

A&O Shearman

UK Payment Systems Regulator Consults on Competition and Innovation Issues in the New Payments Architecture

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The U.K. Payment Systems Regulator has published a Call for Input on competition and innovation in the U.K.'s New Payments Architecture. Feedback can be provided to the PSR until March 24, 2020. The PSR confirms that it will...more

A&O Shearman

UK Payments Regulator Paper on Use of Data in the Payments Industry

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Following the publication of a discussion paper in June 2018, the U.K. Payment Systems Regulator has published its response paper on the issue of data in the payments industry. The discussion paper outlined three potential...more

A&O Shearman

UK Payment Systems Regulator Revises Timeline for Market Review into the Supply of Card-Acquiring Services

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The U.K. Payment Systems Regulator has revised the timeline for its work on the market review into the supply of card-acquiring services. The PSR will publish its interim report for consultation in Q1 2020, instead of by the...more

A&O Shearman

UK Payment Systems Regulator Launches Consultation on Supply of Card-Acquiring Services

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The U.K. Payment Systems Regulator has launched a consultation on the PSR's proposed approach to assessing the profitability of card-acquiring service providers for U.K. merchants and consumers. The Consultation Paper may be...more

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