On 13 March 2015 the Payment Systems Regulator (PSR) made an announcement concerning the proposed directions outlined in its November 2014 consultation paper, which will come into force during 2015. Where a direction was proposed to come into force on 1 April 2015, it has now been decided that no direction will come into force prior to 30 April 2015.

What this means for you

Stakeholders can benefit from the extended period to consider the directions in the PSR’s policy statement to the consultation paper, which will be released before the end of March 2015.