UK Statutory Instrument 2015 United Kingdom

The Payment Card Interchange Fee Regulations 2015

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At a glance

Enforced by

PSR

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part 1 — Introductory provisions

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s.001

Citation and commencement

s.002

Interpretation

Part 2 — The Payment Systems Regulator

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s.003

Functions

s.004

Directions

s.004

Directions: payment card schemes

s.004

Directions: co-operation between regulators

s.004

Power of FCA to require Regulator to refrain from specified action

s.005

Publication of compliance failures etc

s.006

Penalties

s.007

Warning notices

s.008

Injunctions

s.009

Appeals: general

s.010

Appeals against directions and publication of compliance failures

s.011

Appeals in relation to penalties

s.012

Payees' complaints and dispute resolution

s.013

Guidance

s.014

Information and investigation

s.015

Application of other provisions of the 2013 Act

Part 3 — The Financial Conduct Authority

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s.016

Designation as a competent authority

s.017

Amendment of the Payment Services Regulations 2009

Part 4 — General enforcers under Part 8 of the Enterprise Act 2002

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s.018

Amendment of the Enterprise Act 2002

Part 5 — Co-operation between regulators

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s.019

Amendment of the 2013 Act

s.020

Co-operation between the Payment Systems Regulator and enforcers

s.021

Co-operation with competent authorities in other Member States

Part 6 — Transitional relief from requirements of the interchange fee regulation

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s.022

Exemption from maximum interchange fees for certain three party payment card schemes

s.023

Weighted average interchange fees for UK debit card transactions

Part 7 — Review

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s.024

Review

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Official guidance

Authoritative sources published by regulators or government explaining this legislation.

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

PSR

Payment Systems Regulator

Economic regulator for payment systems in the UK. Promotes competition, innovation, and service-user interests in payment systems. Regulates participants in designated payment …

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Regulators

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