Payment Systems Regulator
E790451
The Payment Systems Regulator is the UK’s economic regulator for payment systems, overseeing their fairness, competitiveness, and efficiency for consumers and businesses.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
UK public body
ⓘ
economic regulator ⓘ |
| abbreviation | PSR NERFINISHED ⓘ |
| aimsTo |
ensure competitiveness in payment systems
ⓘ
ensure efficiency in payment systems ⓘ ensure fairness in payment systems ⓘ |
| appliesTo | UK payment systems designated by HM Treasury ⓘ |
| canConduct |
competition investigations
ⓘ
market reviews ⓘ |
| canImpose |
directions on payment system operators
ⓘ
penalties ⓘ regulatory requirements ⓘ |
| cooperatesWith |
Bank of England
NERFINISHED
ⓘ
Competition and Markets Authority NERFINISHED ⓘ HM Treasury NERFINISHED ⓘ |
| country | United Kingdom ⓘ |
| establishedBy | Financial Services (Banking Reform) Act 2013 NERFINISHED ⓘ |
| focusesOn |
businesses
ⓘ
consumers ⓘ |
| hasPower |
require changes to payment system rules
ⓘ
require information from regulated firms ⓘ set access requirements for payment systems ⓘ |
| hasRegulatoryObjective |
ensure payment systems are operated and developed in the interests of users
ⓘ
promote competition in payment systems ⓘ promote innovation in payment systems ⓘ |
| headquartersLocation | London NERFINISHED ⓘ |
| inception | 2014 ⓘ |
| jurisdiction | United Kingdom ⓘ |
| languageOfWorkOrName | English ⓘ |
| legalBasis | Financial Services (Banking Reform) Act 2013 NERFINISHED ⓘ |
| locatedIn | London NERFINISHED ⓘ |
| operationalSince | 2015 ⓘ |
| parentOrganization | Financial Conduct Authority NERFINISHED ⓘ |
| regulates |
card payment systems
ⓘ
interbank payment systems ⓘ payment service providers ⓘ payment system operators ⓘ payment systems ⓘ retail payment systems ⓘ wholesale payment systems ⓘ |
| sector | financial services ⓘ |
| subjectToOversightBy |
HM Treasury
NERFINISHED
ⓘ
UK Parliament NERFINISHED ⓘ |
| supervises |
card schemes
ⓘ
interbank payment schemes ⓘ |
| website | https://www.psr.org.uk ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Financial Conduct Authority