UK payments regulator set for launch
PSR outlines its approach ready for start of regulation on April 1
The UK's Payment Systems Regulator (PSR) today set out its planned approach to regulating the industry, ahead of its April 1 start date.
The PSR's approach aims to let the industry take the lead in setting strategy, with the regulator keeping a watchful eye.
The aim is to improve governance and control of payment systems, broadening the scope of the decision-making process to smaller users, and promoting innovation and competition through broader access.
The PSR said, however, it would consider
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