The Payment Services Regulations 2017 – the PSR’s approach to monitoring and enforcement

17. September 2017.

The second EU Payment Services Directive (PSD2) is required to be in place in the UK by 13 January 2018. 

The Treasury transposed PSD2 into UK legislation in the Payment Services Regulations 2017 (PSRs 2017) and these were published on 19 July 2017.

The Financial Conduct Authority (FCA) will be responsible for monitoring and enforcing compliance with most parts of the PSRs 2017.

We have been appointed the competent authority for monitoring compliance with Regulation 61 and Part 8 of the PSRs 2017.

These are as follows:

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