In this CP, PSR proposes to direct banks and other payment firms participating in CHAPS to reimburse their customers who have been victims of APP scams.  PSR notes that the direction will underpin BoE’s new CHAPS reimbursement rules.  Responses are required by 31 May 2024.

In this CP, PSR proposes to make changes to the publication guidance for cycle 2 (January to December 2023).  Responses are required by 30 May 2024.

The Council has published a document containing draft wording relating to proposed legislation, which also includes ECB’s Opinion.

PSR is consulting on draft guidance setting out how it proposes to make decisions on whether to grant an extension or exemption to a specific direction or requirement.  Responses are required by 4 June 2024.

To meet its FSMA 2023 requirement, PSR has published a review framework for keeping under review its generally applicable requirements as its statement of policy.

TSC has now published the text of a letter from PSR in which Chris Hemsley follows up on questions raised at a TSC hearing in February.  The letter sets out information on the regulator’s enforcement powers.

EBA’s Opinion assesses payment fraud data that has recently become available to the EBA, identifies new types and patterns of payment fraud, and develops proposals to mitigate them.  It notes that measures such as SCA and EBA’s technical standards have been successful, but proposes that new security measures are prescribed, including amended liability rules and certain reinforced security requirements for payment services providers.

This report contains high-level recommendations, key features and guiding questions to inform parties involved in service level agreements for cross-border payment arrangements.

Further to this November 2023 consultation, BoE has published feedback, along with the final Codes of Practice, guidance and the WCD Data Catalogue. These will come into effect for recognised firms following their recognition by HMT as having market significance in respect of their wholesale cash distribution functions and activities, under wholesale cash oversight orders provided for in the new regime.

PSR has published a document that sets out a proposed set of principles that describes regulatory expectations of supervised payment systems operators.  Stakeholders are invited to provide feedback, to be received by 7 June 2024.