PSR Annual Report 2023 to 2024 Published
Summary
The Payment Systems Regulator published its 2023-24 Annual Report on 9 September 2024, as required under the Financial Services (Banking Reform) Act 2013. The report covers PSR's activities across its three statutory objectives: promoting competition, promoting innovation, and ensuring payment systems serve business and consumer interests. The 100-page report is available as a PDF from the UK Government publishing service.
“This report summarises the PSR's activities over the year 2023 to 2024.”
What changed
The Payment Systems Regulator has published its annual report covering the period 2023-24, fulfilling a statutory obligation under the Financial Services (Banking Reform) Act 2013. The report documents PSR's activities in overseeing payment systems, promoting competition among payment service providers, encouraging innovation, and protecting users of payment systems.
Payment service providers operating in the UK should review the report to understand PSR's current priorities and any emerging supervisory expectations. While the report is retrospective rather than introducing new rules, it signals areas where PSR has focused enforcement or regulatory attention during the year, which may inform compliance planning for the coming period.
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Apr 20, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Corporate report
The Payment Systems Regulator Annual Report 2023 to 2024
This report summarises the PSR’s activities over the year 2023 to 2024. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
From: HM Treasury and Payment Systems Regulator Published 9 September 2024 Get emails about this page
Documents
The Payment Systems Regulator Annual Reports and Accounts 2023 to 2024
Ref: ISBN 978-1-5286-4754-0, HC 140
PDF, 6.13 MB, 100 pages
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Details
The Financial Services (Banking Reform) Act 2013 created the Payment Systems Regulator Limited (PSR), with three statutory objectives: to promote competition, to promote innovation, and to ensure that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
This report summarises the PSR’s activities over the year 2023 to 2024. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
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Published 9 September 2024
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