A transcript of the hearing held on 30 January 2024 has been published.  Chris Hemsley (MD) and Aidene Walsh (Chair) attended.

TSC has now published the transcript of the hearing held on 10 January 2024, attended by Andrew Bailey and members of the FPC.  Topics under discussion include: the digital pound and crypto assets; retail bank issues; access to cash.

PSR is consulting on a proposal to revise Specific Directions 14, 15 and 16, which relate to the supply of card-acquiring services.  Responses are required by 9 February 2024.

EBA is consulting on two sets of Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures. EBA notes that it has created, for the first time, a common understanding, among payment service providers, crypto-asset service providers and their supervisors, of the steps they need to take to be able to comply with restrictive measures.  Responses are required by 25 March 2024.

In this PS, PSR sets out he final detailed parameters of the reimbursement requirement and the legal instruments used to implement the policy.  The policy start date is confirmed as 7 October 2024.

PSR is consulting on changes to Faster Payments to enable a phased expansion of Variable Recurring Payments.  Responses are required by 2 February 2024.

An update on actions set out in the JROC April 2023 Report to enable the next phase of open banking in the UK has been published, along with a statement by FCA.

The SI extends the application of the insolvency regulations for the special administration procedure established by the Payment and Electronic Money Institution Insolvency Regulations 2021 and relates to institutions formed in Northern Ireland and limited liability partnerships formed in Scotland.  (Date in force: 4 January 2024)

TSC has published the text of a letter from Nikhil Rathi in which he sets out details of FCA’s access to cash consultation.

The consultation sets out proposals for the market oversight codes of practice which provide transparency on the minimum standards of conduct and practice that recognised firms must meet.  It includes detailed guidance and the draft WCD Data Catalogue which forms part of the information gathering code.  Responses are required by 31 January 2024.