UK Overhauls Payment Oversight – Should Canada Follow?

Regulation | March 13, 2025 UK Government Abolishes Payment Systems Regulator (PSR) On March 11 2025, the UK government announced they are axing the Payment Systems Regulator (PSR), a duplicative function that the Financial Conduct Authority (FCA) will absorb. The move is part of the UK's financial innovation blueprint which includes reducing regulatory complexity and

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