Wire · operational-macro
HM Treasury Consultation on UK Payments Framework Closes Soon, Potentially Impacting ...
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Fusion42 · 1 October 2026 · Fusion42 review
HM Treasury's consultation on modernising the UK payments framework aims to update regulations for payment services and electronic money to support innovation including tokenised deposits, stablecoins, and agentic AI payments. Key proposals include delegating detailed regulatory rules to the FCA, reshaping regulated payment activities, bringing certain stablecoins into the payment services perimeter, and reviewing barriers to tokenised deposits in retail payments.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 24 Sep 2026 and 30 Sep 2026.
◆ ◆ The Wire takeaway
You must prepare to influence FCA rule design as UK regulatory control shifts from statute to regulator for payment services. This opens a rare door to reshape critical requirements affecting tokenised payments and AI-driven commerce now.
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2 sources · first reported 24 Sep 2026 · latest 30 Sep 2026
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