The principal aim of the Code is to improve the experience of Indirect Payment Service Providers (Indirect PSPs) by clearly setting out the responsibilities of Indirect Access Providers that have subscribed to the Code. The Code is voluntary and has been developed by Payments UK on behalf of the industry, and in association with the industry’s primary Indirect Access Providers – Barclays, HSBC, Lloyds Banking Group and RBS – and in discussion with the Payment Systems Regulator (PSR). Payments UK will be conducting a formal consultation on the Code in late 2015. Feedback from this consultation will be considered in the further development of the Code for publication next year.