2024 Payments Regulatory Outlook UK Report
What does the regulatory landscape look like for payment and e-money institutions in the UK in 2024? In short, the regulator has imposed a significant amount of requirements on firms, and more are expected in the coming years. The regulations cover areas ranging from safeguarding to strong customer authentication, and from consumer protection to contingent reimbursement..
The regulator set out its three key strategic priorities in 2023. These are expected to guide its interventions in 2024 and beyond. They are:
- Reducing and preventing serious harm
- Setting and testing higher standards
- Promoting competition and positive change
.