The Payment Accounts Regulations 2015 (PAR) transposed the Payment Accounts Directive into UK law. The regulations apply to every Payment Service Provider (PSP), (with the exception of except credit unions, National Savings and Investments (NS&I), and the Bank of England). This instrument makes amendments to PAR to remove deficiencies arising from the UK’s exit from the EU. This instrument transfers power to the FCA to make new technical standards about the presentation and content of the fee information document and annual statement of fees and also amends SI 2018 No. 1115 to add existing technical standards to the Schedule to that instrument.
Also see EU Exit SI tracker