The Financial Services and Markets Act 2023 (FSMA23) confirms the FCA’s leading role in regulating access to cash. The FCA has a new requirement to ensure a reasonable provision of cash deposit and withdrawal services in the UK and is developing rules to deliver this commitment.
Today, we welcome the FCA’s publication of its consultation on the rules for Access to Cash, which also sets out their proposed approach.
The PSR retains its important role in regulating the LINK ATM network as it continues to deliver our objectives of meeting service users’ needs, as well as supporting the FCA in its new role to ensure cash infrastructure across the UK remains reliant, resilient and sustainable.
The FCA’s consultation closes on 8 February 2024.