| Subject | Predicate | Object |
|---|---|---|
| <p>The costs of the Payment Systems Regulator will be borne by the industry, in line with standard models for utility regulation. The FCA will levy the regulated population as required to fund the Payment Systems Regulator. The legislation provides that the Regulator must adopt an annual budget which has been approved by the FCA, and before adopting or varying a budget, the Regulator must consult the Treasury. The Regulator will also be required to publish its budget.</p> | ||