In March 2025, the government announced that it will consolidate the Payment Systems Regulator (PSR) primarily within the Financial Conduct Authority (FCA) as part of the Regulatory Action Plan. The government committed to consult on the details of how this would be achieved and to legislate for this change as soon as Parliamentary time allows.
This consultation paper sets out proposals for integrating the functions of the PSR entirely within the FCA.
Consultation details:
ACS' submission:
