PSR
RegulationsPayment Services Regulations
Definition
The Payment Services Regulations 2017, the UK's implementation of PSD2, as amended or updated from time to time and including the associated Regulatory Technical Standards as developed by the EBA. The PSR also refers to the Payment Systems Regulator in the UK context.
Related Terms
Frequently Asked Questions
What is Payment Services Regulations?
The Payment Services Regulations 2017, the UK's implementation of PSD2, as amended or updated from time to time and including the associated Regulatory Technical Standards as developed by the EBA. The PSR also refers to the Payment Systems Regulator in the UK context.
What does PSR stand for in Open Banking?
PSR stands for Payment Services Regulations. It is a fundamental concept in Open Banking and PSD2 regulations. The Payment Services Regulations 2017, the UK's implementation of PSD2, as amended or updated from time to time and including the associated Regulatory Technical Standards as developed by the EBA. The PSR also refers to the Payment Systems Regulator in the UK context.
How does PSR affect Open Banking?
Payment Services Regulations is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
More Regulations Terms
DORA
Digital Operational Resilience ActThe Digital Operational Resilience Act is an EU regulation that sets ICT security standards for fina...
DPDI Bill
Data Protection and Digital Information BillThe Data Protection and Digital Information Bill is a piece of UK legislation that makes changes to ...
EBA RTS
European Banking Authority Regulatory Technical StandardsThe European Banking Authority develops Regulatory Technical Standards which are submitted to the Eu...
eIDAS
Electronic Identification, Authentication and Trust ServiceseIDAS is an EU regulation on electronic identification and trust services for electronic transaction...
FIDA
Financial Data Access RegulationFIDA is an upcoming EU regulation that will extend Open Finance beyond payments to cover savings, in...
GDPR
General Data Protection RegulationThe General Data Protection Regulation is a regulation by which the European Parliament, the Europea...
Explore More Open Banking Resources
Dive deeper into the Open Banking ecosystem with our comprehensive directories.