Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015

The Payment Accounts Regulations (PARs) transposed the EU’s Payments Accounts Directive in 2015. Part 2 and Schedules 1 and 2 of the PARs set out requirements intended to improve the comparability of fees connected with payment accounts. We expect many of these requirements to be either too prescriptive or less necessary in a UK context.