UK Government Open Consultation: Modernising Payment Services Regulat…

The UK government has opened a 12-week consultation on modernising payment services regulation, seeking input on how to update frameworks for tokenised payments, Open Banking, and agentic payments whilst maintaining consumer protection. The consultation closes 6 October 2026. The UK is writing new rules for tokenised payments, Open Banking and agentic AI—three areas where you've probably shipped faster than regulation allows. This 12-week consultation is where the guardrails get set; submit now or operate in the gaps someone else defines.