Authorities revise Memorandum of Understanding in relation to payments in the UK

News Corporate Finance & M&A General Updates

Date: 24th Jun, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On June 24, 2025, the Bank of England, FCA, Prudential Regulation Authority, and Payment Systems Regulator updated their Memorandum of Understanding. The revised MoU aims to strengthen coordination between the Authorities in relation to payments in the UK, supporting the National Payments Vision (NPV) by enhancing regulation efficiency and effectiveness, promoting competition, innovation, and economic growth, while ensuring a resilient, safe, and well-operating payments sector.

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Financial Conduct Authority

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Authorities revise Memorandum of Understanding in relation to payments in the UK

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Authorities revise Memorandum of Understanding in relation to payments in the UK

Brief

Financial Conduct Authority

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