The Payment Systems Regulator (PSR) has published Consultation Paper 16/11: PSR regulatory fees 2016/17 (CP16/11). CP16/11 sets out decisions and proposals for consultation on how fees for the PSR’s functions under the Financial Services (Banking Reform) Act 2013 (FSBRA) and the EU Interchange Fee Regulation (IFR) for the financial year 2016/17 will be allocated, calculated and collected. CP16/11 also includes proposed fees rates for relevant market participants, and sets out how it proposes to deal with the PSR’s anticipated underspend against its year 2015/16 budget.

The deadline for responses to CP16/11 is 13 May 2016.

View PSR feedback on PSR regulatory fees 2016/17 consultation, 15 April 2016