Upcoming regulatory changes
As part of the Government's plans to consolidate the PSR into the Financial Conduct Authority (FCA), the two regulators have been working closely together to deliver a smooth transition of responsibilities. As part of this transition from PSR to FCA, staff based at the FCA are increasingly working in support of the delivery of PSR functions. This means that you may find your contact for a PSR matter is from the FCA. You may also find that, for the same reason, any information you provide to the PSR is received by, shared with, and/or processed by, staff based at the FCA.
At a glance
Our aim is to make sure the UK’s payment systems work well for everyone who uses them now and in the future.
Who we regulate£102 trillion worth of payments
Total value of £102 trillion in payments regulated by the PSR in 2023. (Source: UK Finance 2024)
48 billion payments
Over 48 billion payments in total, regulated by the PSR in 2023. (Source: UK Finance 2024)
7 billion business payments
We regulated over 7 billion business payments in 2023. (Source: UK Finance 2024)
8 payment systems
There are 8 designated payment systems.
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