PSR delays fees consultation deadline: PSR has published a supplementary paper to its consultation on fees and levies which provides clarification on the consultation and extends the deadline for responses from 18 May to 29 May. The supplementary paper also provides additional information on:

  • the scope of the payment systems regulated under the Financial Services (Banking Reform) Act 2013 and on which PSR fees will be levied;
  • how PSR will use the transaction data collected; and
  • commentary on the onward allocation of PSR fees by Payment Systems' Operators to system's direct members.

(Source: Timeframe Extended for Responding to Consultation on PSR Fees)