Consultations
We take an active role in consultations relating to the payments ecosystem. You can find all our public consultation responses here.
Pay.UK’s response to the Bank of England consultation on extending RTGS and CHAPS operating hours
The consultation forms part of the Bank of England’s longer-term vision to move towards near-continuous settlement, building on the previously announced extension of CHAPS opening hours from 06:00 to 01:30 on weekdays from September 2027.
Pay.UK’s response to PSR Specific Direction 17 (Confirmation of Payee) – Removing the expiry date and expanding the scope of directed firms consultation
Pay.UK welcomes the Payment Systems Regulator’s (PSR) proposal to remove the expiry date from Specific Direction (SD)17 and expand its scope to bring all payment service providers (PSPs) currently offering Confirmation of Payee within a regulatory framework.
Pay.UK response to HM Treasury consultation on recognised payment systems and digital settlement asset service providers fee regime
We welcome the opportunity to respond to HM Treasury’s consultation on the Bank of England’s fee regime. As the operator and standards body for the UK’s retail interbank payment systems, we support the safe, resilient and efficient operation of the UK payments ecosystem.
Pay.UK supports the CMA’s review of the 2017 Current Account Switch Service Undertakings
Our response reinforces our role in supporting consumer choice and competition in retail banking, while also contributing to a more streamlined regulatory landscape and supporting economic growth.
Pay.UK’s response to HMT consultation “A Streamlined Approach to Payment Systems Regulation”
Pay.UK supports the aims of the Government’s consultation on the integration of the Payment Systems Regulator (PSR) into the Financial Conduct Authority (FCA). We see this as an opportunity to create a regulatory regime that is proportionate and future-proofed, in line with wider developments in the sector since the publication of the National Payments Vision.
Pay.UK’s response to the Bank of England’s approach to innovation in money and payments
Pay.UK shares the Bank of England’s (the Bank) view of the opportunities and challenges facing payments and banking in the UK, as set out in its discussion paper ‘The Bank of England’s approach to innovation in money and payments’.
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