There has been published on the legislation.gov.uk website the Payment Services (Amendment) Regulations 2015 (the Regulations) together with an explanatory memorandum.

Amongst other things, the Regulations amend the Payment Services Regulations 2009 by transferring the functions of supervising and enforcing compliance with the Payment Services Regulations 2009 from the Competition and Markets Authority to the Payment Systems Regulator.

The Regulations will come into force on 1 April 2015.

View The Payment Services (Amendment) Regulations 2015, 5 March 2015