Consultation outcome

Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015

• From: HM Treasury
• Published: 9 December 2022
• Last updated: 11 July 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

This consultation has concluded

Read the full outcome

Payment Accounts Regulations Consultation Response

PDF, 165 KB, 15 pages

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Detail of outcome

This publication summarises responses to the consultation on information requirements in the Payment Accounts Regulations 2015. The response confirms the government’s intention to revoke Part 2 and Schedules 1 and 2 of the Payment Accounts Regulations and hand over responsibility for detailed firm-facing requirements on customer information requirements to the FCA.

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Original consultation

Summary

The Payment Accounts Regulations (PARs) transposed the EU’s Payments Accounts Directive in 2015. Part 2 and Schedules 1 and 2 of the PARs set out requirements intended to improve the comparability of fees connected with payment accounts. We expect many of these requirements to be either too prescriptive or less necessary in a UK context.

This consultation ran from
7:30am on 9 December 2022 to 11pm on 17 February 2023

Consultation description

This consultation document is seeking views from relevant stakeholders on these requirements. This consultation will remain open for 10 weeks and will close at 11pm on 17th February 2023.

Documents

Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015

Ref: ISBN 978-1-915596-18-5

PDF, 237 KB, 14 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 9 December 2022
Last updated 11 July 2023 + show all updates

1. 11 July 2023

   Consultation response added

2. 9 December 2022

   First published.