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Legislation to merge UK payments regulator into FCA is coming soon

( March 12, 2025, 09:58 GMT | Official Statement) -- MLex Summary: A consultation on the details of merging the UK’s Payment Systems Regulator into the Financial Conduct Authority will be published in the summer, with legislation giving effect to the proposal coming as soon as possible, the minister for financial services said in a letter to the Treasury Committee. In the interim period, the PSR and the FCA will take steps to work together to smoothen the transfer of functions, Emma Reynolds said.Letter attached. ...

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