There has been published on the legislation.go.uk website the Payment Card Interchange Fee Regulations 2015 (the Regulations), together with an explanatory memorandum and a final impact assessment.
The Regulations makes provision to support the implementation of the Regulation on interchange fees for card-based payment transactions (Interchange Fee Regulation). The Regulations appoints competent authorities to monitor and enforce compliance with the Interchange Fee Regulation and enables non-compliance to be penalised. It also exercises options available to the UK on some of the requirements of the Interchange Fee Regulation.
The Regulations will come into force on 9 December 2015.
View The Payment Card Interchange Fee Regulations 2015, 17 November 2015