PSR Annual Report 2022 to 2023 Summary
Summary
The Payment Systems Regulator published its statutory annual report covering activities from April 2022 to March 2023. The report summarises the PSR's work against its three statutory objectives: promoting competition, promoting innovation, and ensuring payment systems serve the interests of businesses and consumers who use them. This is a statutory publication required under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
What changed
The PSR published its statutory annual report for 2022 to 2023, covering the regulator's activities across its three statutory objectives. The report addresses competition in payment systems, innovation in payment technology, and consumer and business protection in payment system operation. This publication satisfies a mandatory reporting requirement under the Financial Services (Banking Reform) Act 2013.
Payment service providers, banks, and fintech firms operating within UK payment systems should review the report to understand the PSR's priorities and areas of focus for the period. The report provides regulatory context for firms' compliance planning and engagement with the PSR, though it does not itself impose new obligations.
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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 2022 to 2023
This report summarises the PSR’s activities over the year 2022 to 2023. 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 8 August 2023 Get emails about this page
This was published under the 2022 to 2024 Sunak Conservative government
Documents
The Payment Systems Regulator Annual Report 2022 to 2023
Ref: ISBN 978-1-5286-4084-8, HC 1544
PDF, 11.2 MB, 194 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 2022 to 2023. 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 8 August 2023
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