Target Audience: All interactive media and micropayment providers operating in the UK
This guide is to help members complete a secure, manageable regulatory transition in terms of risk management, when the transfer of regulatory power from the PSA to Ofcom is concluded.
This risk management documentation is provided on an advisory basis and is for guidance only. aimm cannot be held responsible for ensuring that risk management is treated appropriately by your organisation. It is the responsibility of each individual organisation to ensure they comply with Ofcom regulations.
Identifying and managing ongoing risk has long been the responsibility of Intermediary Providers and Network Operators under the Phone-Paid Services Authority’s various Codes of
Practice. This year marks a change in regulatory regime, as the PSA will cease to exist, and Ofcom will take control.
As such, the Code of Practice model of regulation will also come to an end, and instead Industry will be governed by way of a Statutory Instrument –a legal document – laying out the
regulatory responsibilities of all providers.