PSR has launched a consultation on the application of the Payment Accounts Regulations 2015 (PARs) in respect of alternative arrangements for switching accounts. PSR has produced draft guidance on its approach to designating alternative switching schemes and monitoring their ongoing compliance under the PARs in the UK. It explains how PSR will implement, monitor and enforce compliance with the designation criteria that come into force on 18 September. Views are sought until 12 April. (Source:PSR consults on switching accounts under PARs)