On 17 December 2024, the Banking Act 2009 (Wholesale Cash Oversight Fees) Regulations 2024 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.

The Regulations approve the scale of fees that the Bank of England (BoE) may charge to certain firms recognised by HM Treasury in the wholesale cash distribution (WCD) market. The payment of these fees will reimburse the BoE for its costs incurred in connection with overseeing these WCD firms for the purpose of managing risks to the effectiveness, resilience, and sustainability of WCD throughout the UK or any part of it.

The Regulations come into force on 24 January 2025.