UK PSR Free-to-Use ATM Spread Review


On Mar. 27, UK PSR called for views on specific direction functioning.


  • UK PSR issued call for views on second annual review of specific direction 12 (LINK).
  • Follows UK PSR Jul. 2023 findings of its review of functioning of SD12, see #166988.
  • Specific Direction 12
  • Specific Direction 12 (SD12) issued Mar. 2022 is designed to ensure LINK: maintains a broad geographic spread of the UK’s free-to-use (FTU) cash machine network.
  • Meets service-user needs by having and maintaining appropriate and effective policies.
  • Changes due to FSMA 2023
  • Since publication of first review, Financial Services and Markets Act 2023 (FSMA 2023) introduced legislative changes confirming FCA’s lead role in access to cash regulation.
  • Therefore, want second review to consider role in context of changes to regulation.
  • Call for Views
  • Requested views on 4 areas: how effective SD12 has been in delivering its purpose.
  • How well the requirements under SD12 have worked in practice in relation to maintaining and replacing protected ATMs, as defined in paragraph 3.7 of SD12.
  • How successful LINK has been in addressing areas for improvement in the first review.
  • and finally, the role of SD12 in the regulatory landscape introduced by FSMA 2023.
  • Effectiveness
  • Call for views open until May 2, 2024, 5pm.

Regulators UK PSR
Entity Types Bank; BS; CNSM; MSB
Reference PR, CfI, 3/27/2024; SD12; FSMA 2023 (UK)
Functions Compliance; Legal; Operations; Technology; Treasury
Countries United Kingdom
Category National Regulator
State
Products Banking; Cards
Regions EMEA
Rule Type Concept
Rule Date 3/27/2024
Effective Date 5/2/2024
Rule Id 206538
Linked to Rule :166988
Reg. Last Update 3/27/2024
Report Section UK

Last substantive update on 04/02/2024