Schedule 7: Accountability of the Payment Systems Regulator Paragraph 4: Recommendations by HM Treasury
Paragraph 4 inserts new section 102A which enables HM Treasury to make recommendations to the PSR about aspects of government economic policy to which the regulator should have regard, similar to section 1JA of FSMA 2000. The PSR must respond to those recommendations, in a corresponding set of provisions to section 35.