aimm has been successfully representing members’ interests to key regulators since 1995. aimm is at the forefront of regulatory change, ensuring that Members’ collaborative views on regulation are heard. aimm analyses every consultation released to check whether Member’s businesses could be affected and will then organise and deliver a response to the regulator, after member’s views and responses are collaborated. When a new consultation is released aimm will reach out to its members to call for feedback before delivering a considered and measured response.

  • 03/02/2022 PSA Consultation Budget and Business Plan 22-23 – AIMM response
    The broad operating context for this Business Plan and Budget has been established through successful delivery of our Strategic Purpose. Code 15 will come into force on 5 April 2022, and our focus for 2022/23 will be in ensuring that it delivers in practice its designed overall aims: • achieving compliance in the market through standards being met, rather than through assessing impact against outcomes • preventing consumer harm from happening in the first place, rather than dealing with it after it has happened • providers finding the Code simpler and easier to comply with • delivering smarter enforcement to underpin the effectiveness of the Code. As we set out to achieve in our Business Plan for 2021/22, we have delivered on two main fronts during the year: • we have developed a new Code of Practice, which when it comes into effect in April 2022 will best serve consumer interests in the current and expected market landscape • we have continued to enhance our existing regulatory effectiveness, through applying Code 14 in ways that have successfully reduced the levels of consumer harm
    Date Opened
    December 2021
    Deadline
    January 2022
  • 20/07/2021 PSA Code 15 Consultation Response
    "The purpose of this consultation document is to set out the context to the draft Code of Practice and our proposals, and to seek feedback and comments from consumers, industry and other stakeholders on these. We want to ensure that our decisions are based on a sound understanding and accurate assessment of all available information and evidence and informed by stakeholder input. In 2020, the PSA launched a comprehensive review of our Code of Practice. The market had changed fundamentally over the ten years since the previous comprehensive review. Consumer expectations had changed and outcomes-based regulation had not kept pace. We have developed a new Code on which we are now consulting which raises expectations in the market by introducing regulatory Standards, focuses on the prevention of harm rather than cure, and is simpler to implement and comply with. We are replacing outcomes with ten regulatory Standards. These are a clear articulation of PSA and consumers’ expectations of the market and providers. They will raise standards in the way services are offered and delivered. By introducing supervisory powers and clearer registration and verification, Code 15 will shift focus to prevent harm rather than enforcing outcomes after harm has occurred. Consumers should have confidence that the services they buy will deliver what they expect. For industry, we will support you to deliver good services for consumers. Code 15 will enable us to use our limited resources more effectively. Code 15 will be transformative. It is a new approach to regulation that will benefit consumers and industry. It is a Code for a mature market." aimm worked closely with all our members about the consultation to ensure that all feedback and concerns regarding this new Code were represented, and aimm met with PSA to discuss members concerns throughout the consultation period. We submitted our response to the consultation on the 5th July 2021.
    Date Opened
    April 2021
    Deadline
    5th July 2021
  • 01/02/2021 PSA Consultation on the Business Plan and Budget 2021/22
    The draft Business Plan and Budget sets out PSA's priorities, proposed activity and required budget for FY21/22.
    Date Opened
    10th December 2020
    Deadline
    21st January 2021
  • 03/07/2020 aimm report for PSA Code 15 Discussion
    This report has been prepared by Fladgate LLP on behalf of the Association for Interactive Media and Micropayments (aimm) in connection with aimm’s response to a ‘Discussion Paper’ published by the Phone paid Services Authority (PSA) on 27 February 2020 (Discussion Paper). The purpose of this report is to inform PSA’s approach to its revised Code of Practice and, more fundamentally, help it assess whether the structure of PRS regulation in the UK needs to be revisited. To that extent, our review of the countries covered below has demonstrated that there are a number of differing approaches to the fundamental question of how to ensure regulation protects consumers and also contributes to (rather than hindering) a vibrant and dynamic PRS industry.
    Date Opened
    February 2020
    Deadline
    2 July 2020
  • 03/07/2020 PSA Code 15 Best Practice Discussion Document
    The PSA are undertaking a review of their current Code of Practice (Code 14)1 to ensure their regulation remains fit for purpose and relevant.  The PSA want to make sure the Code provides the right incentives for businesses to operate responsibly and the right deterrents for those firms that seek to enter the market to exploit consumers or who do not put the right consumer protections in place. Through this review, they will carry out a strategic assessment of their current regulatory approach, taking account of market developments and changing consumer behaviours, expectations and needs. The purpose of this document is to seek early input from stakeholders to inform the development of proposals on which the PSA will consult in Autumn 2020. They want to ensure that any proposals they develop are based on a sound understanding and accurate assessment of all available information and evidence and informed by stakeholder input. aimm have met and consulted with their members on numerous occasions since February to get a clear view on this new proposal to the Code. aimm have submitted their response to the PSA based on this before the deadline fo the 2nd July and have also worked with Fladgate Solicitors to prepare a detailed report, with the purpose of this report to inform PSA’s approach to its revised Code of Practice and, more fundamentally, help it assess whether the structure of PRS regulation in the UK needs to be revisited. This will be uploaded separately.
    Date Opened
    February 2020
    Deadline
    July 2020
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