PARLIAMENTARY WRITTEN QUESTION
Payment Services Regulations 2017 (30 March 2022)

To ask the Chancellor of the Exchequer, when he plans to publish the report required to be published on or before 13 January 2023 under Regulation 158(2) of the Payment Services Regulations 2017 setting out the conclusions of his Department's review of the regulatory provisions contained in those Regulation; and what steps he plans to take to involve organisations representing consumers in that review.

Asked by:
Dame Siobhain McDonagh (Labour)

The government is delivering the Future Regulatory Framework (FRF) Review. This will ensure that, having left the EU, the government establishes a coherent, agile and internationally respected approach to financial services regulation that is right for the UK, delegating the setting of regulatory standards to the regulators who will work within an overall policy framework set by government and Parliament.

Given this backdrop, the government intends to publish its review of the Payment Services Regulations 2017, which is retained EU Law, no earlier than January 2023.

Answered by:
John Glen (Conservative)
19 April 2022