Regulatory AlertsPS16/17: PSR regulatory fees 2016/17
The Payment Systems Regulator (PSR) published PS16/17 to finalize its regulatory fee structure for the 2016/17 financial year, establishing a total Annual Funding Requirement of £15.2 million. The regulator allocated £13.7 million to FSBRA functions, split equally across seven regulated payment systems, and £1.5 million to IFR functions using a three-tier allocation model based on transaction volumes. Key decisions included imposing full fee liability on card operators acting as PSPs, postponing payment deadlines by one month, and issuing credits to fee-payers for the 2015/16 budget underspend.
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