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The Future of EU Payment Services Regulation PSD3 and PSR WILLIAM FRY from www.williamfry.com
In 2022 we set out a strategy that outlined our outcomes, priorities and what we wanted to achieve over the next five years. Beyond security, these updates herald a new era of financial services, fostering competition through open banking initiatives and streamlining rules for payment service providers.
The Future of EU Payment Services Regulation PSD3 and PSR WILLIAM FRY Additionally, a unified licensing regime for payment and e-money institutions will streamline business requirements for payment processing and e-money services. According to Sky News, ministers and officials are examining whether to scrap the PSR and merge it into the remit of the Financial Conduct Authority (FCA) The UK's Payment Systems Regulator (PSR) could be scrapped as the government looks to streamline regulations and boost economic growth.
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20242025 PSR Registration Form . The Government will set out further steps to reduce red tape in the coming days. This includes the different legal texts that set out the PSR's objectives, duties and powers
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