The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025/688
The SI amends regulation 51 of the PSRs to enhance customer protections when payment service providers terminate contracts with payment service users. These enhancements apply to framework contracts for payment services concluded for an indefinite period and entered into on or after the SI comes into force (28 April 2026). They include extending the minimum notice period for contract terminations, mandating providers to provide sufficiently detailed and specific reasons for contract termination so payment service users can understand why the contract is being terminated, and informing payment service users of any right they may have to complain to FOS. Certain exceptions are provided for.
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Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See all Regulatory News - Banking & FinanceFCA: CP26/36: Cryptoasset perimeter guidance
FCA has published a consultation paper CP26/36 on changes to its Perimeter Guidance manual (PERG) to reflect the amendments to the cryptoasset regime introduced by the Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regulations 2026. The changes explain FCA’s view of how the amendments in the legislation apply, and how the new exclusions interact with the regulated cryptoasset activities. The amended draft Handbook text is set out in Appendix 1. Responses are required by 18 November 2026. FCA intends to publish final guidance in spring 2027.
FCA: GC26/7: Decentralised Finance
FCA has published a guidance consultation paper on decentralised finance (DeFi) to help firms understand how existing operational resilience and financial crime requirements may apply when they provide financial services using DeFi. The draft non-Handbook guidance is set out in Annex 1. Responses are required by 18 November 2026. FCA intends to publish final guidance in January 2027.
The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2026/1010
The SI extends by a further 12 months the transitional regime for overseas qualifying CCPs contained within Article 497 of the UK CRR.
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