The Payment Systems Regulator (PSR) has published a supplementary paper to Consultation Paper 15/14: FCA Regulated fees and levies: Rates proposals 2015/16 (CP15/14).

The supplementary paper provides additional information regarding chapter 7 of CP15/14 and provides an update on responses received concerning VAT treatment of PSR fees. The supplementary paper is structured as follows with the PSR commenting on:

• the scope of the payment systems regulated under the Financial Services (Banking Reform) Act 2013 and on which PSR fees will be levied;
• how it is using the transaction data that it has collected and on three tables contained within CP15/14; and
• the onward allocation of PSR fees by payment systems operators to the direct members of regulated payment systems.

Given the additional information contained in the supplementary paper, the PSR is also extending the deadline for responses to chapter 8 of CP15/14 on its fees from 18 May 2015 to 6pm 29 May 2015.

View Timeframe extended for responding to consultation on PSR fees, 14 May 2015