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Project Regulator responded on behalf of the Payments Association and its members to the PSR’s consultation on the general directions of implementing Confirmation of Payee. This response highlights the perspectives and potential concerns of Payments Association members regarding the timescales of implementation, the organisations that are subject to these requirements, and which highlights how the Payments Association and its members are broadly supportive of the Confirmation of Payee initiative. To review the Payments Association’s response, please click on the following link.
Thanks to our Benefactor, Ozan.