Modernising Payment Services Regulation

UK Treasury has launched a public consultation on modernising payment services regulation to accommodate tokenised payments, Open Banking, and agentic payments whilst maintaining consumer protections. The consultation closes 6 October 2026. If you build in UK payments - tokenised settlement, Open Banking integrations, or agent-based systems - you have 12 weeks to shape the regulatory rules that will define your margins and go-to-market. The consultation is open now; the final framework will lock in who competes and how.