UK payment services: final rules limiting rights for PSPs to exit customer relationships laid before Parliament
By EsqSocial Corporation 07/05/25
While recent announcements have focussed on the government’s growth agenda, HM Treasury (HMT) has also now pressed ahead with publishing final draft regulations limiting the rights for banks and other payment service providers (PSPs) to exit customer relationships under the Payment Services Regulations 2017 (PSRs). The changes will require banks and other PSPs to update their terms and offboarding processes to reflect the new requirements, and consider the extent to which they are prepared to...
By: Hogan Lovells