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pc nid 94046 Jul 16, 2026 csoo@vixio.com United Kingdom Competition and Markets Authority horizon scanning
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United Kingdom HM Treasury Consults on Bank of England Payment Systems Fee Regime

On July 15, 2026, HM Treasury launched a consultation on revising the fee regime for recognised payment systems, specified service providers, and digital settlement asset service providers under the Bank of England's supervision. The consultation addresses two key areas. First, it proposes expanding the scope of the fee regime to include digital settlement asset service providers, following their inclusion within the Bank of England's remit under the Financial Services and Markets Act 2023. Digital settlement asset service providers are now subject to Bank of England oversight and the government intends to bring them within the fee framework applicable to other payment system operators. Second, the consultation seeks views on the appropriate level of caps on supervisory and special project fees that can be levied on firms falling within the expanded scope. The fee regime currently applies to recognised payment systems and designated service providers; the proposed changes would create a more comprehensive framework encompassing the emerging digital settlement asset sector. This development is significant for payment system operators and digital settlement asset service providers, as it will determine their regulatory costs and the Bank of England's capacity to fund supervision and special projects related to payment systems infrastructure. The expansion reflects the regulatory evolution following the introduction of digital settlement assets into the UK's financial services framework. Responses to the consultation must be submitted to paymentsystemfees@hmtreasury.gov.uk by August 31, 2026, at 11:59pm. The consultation document, "Recognised Payment Systems and Digital Settlement Asset Service Providers Fee Regime Consultation," is available on the HM Treasury website.

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UK's HM Treasury Consults on Bank of England's Payment Systems Fee Regime

On July 15, 2026, HM Treasury launched a consultation on revising the fee regime for recognised payment systems, specified service providers, and digital settlement asset service providers under the Bank of England's supervision. The consultation addresses two key areas: First, it proposes expanding the scope of the fee regime to include digital settlement asset service providers, following their inclusion within the Bank of England's remit under the Financial Services and Markets Act 2023 . Digital settlement asset service providers are now subject to Bank of England oversight and the government intends to bring them within the fee framework applicable to other payment system operators. Second, the consultation seeks views on the appropriate level of caps on supervisory and special project fees that can be levied on firms falling within the expanded scope. The fee regime currently applies to recognised payment systems and designated service providers; the proposed changes would create a more comprehensive framework encompassing the emerging digital settlement asset sector. This development is significant for payment system operators and digital settlement asset service providers, as it will determine their regulatory costs and the Bank of England's capacity to fund supervision and special projects related to payment systems infrastructure. The list of recognised payment systems can be found here . The consultation closes on August 31, 2026, 11:59pm, responses can be submitted by email to paymentsystemfees@hmtreasury.gov.uk .