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The Payment Card Interchange Fee Regulations 2015

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Changes to legislation:

The Payment Card Interchange Fee Regulations 2015 is up to date with all changes known to be in force on or before 27 February 2025. There are changes that may be brought into force at a future date. Help about Changes to Legislation

  1. Introductory Text

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    PART 1 Introductory provisions

    1. 1.Citation and commencement

    2. 2.Interpretation

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    PART 2 The Payment Systems Regulator

    1. 3.Functions

    2. 4.Directions

    3. 4A.Directions: payment card schemes

    4. 4B.Directions: co-operation between regulators

    5. 4C.Power of FCA to require Regulator to refrain from specified action

    6. 5.Publication of compliance failures etc

    7. 6.Penalties

    8. 7.Warning notices

    9. 8.Injunctions

    10. 9.Appeals: general

    11. 10.Appeals against directions and publication of compliance failures

    12. 11.Appeals in relation to penalties

    13. 12.Payees' complaints and dispute resolution

    14. 13.Guidance

    15. 14.Information and investigation

    16. 15.Application of other provisions of the 2013 Act

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    PART 3 The Financial Conduct Authority

    1. 16.Designation as a competent authority

    2. 17.Amendment of the Payment Services Regulations 2009

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    PART 4 General enforcers under Part 8 of the Enterprise Act 2002

    1. 18.Amendment of the Enterprise Act 2002

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    PART 5 Co-operation between regulators

    1. 19.Amendment of the 2013 Act

    2. 20.Co-operation between the Payment Systems Regulator and general enforcers

    3. 21.Co-operation with competent authorities in other Member States

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    PART 6 Transitional relief from requirements of the interchange fee regulation

    1. 22.Exemption from maximum interchange fees for certain three party payment card schemes

    2. 23.Weighted average interchange fees for UK debit card transactions

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    PART 7 Review

    1. 24.Review

  9. Signature

  10. Explanatory Note

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