Research and analysis

皇冠体育app Payment Accounts Regulations 2015 PIR: RPC Opinion (Green-rated)

Regulatory Policy Committee鈥檚 opinion on HMT鈥檚 Payment Accounts Regulations 2015 PIR

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皇冠体育app reviews requirements on business to improve the transparency and comparability of fee information about payment accounts (including current accounts), facilitate the switching of payment accounts, and ensure access to a basic bank account.

皇冠体育app recommendation of the PIR to 鈥榢eep鈥� the Regulations is broadly supported by the evidence and analysis presented. However, the PIR would benefit significantly from providing further details of how the unintended consequences identified and suggestions to reduce burdens on business will be taken forward at some future time, and from explaining further why they do not warrant amending the Regulations at this stage.

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Published 22 April 2024

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