Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department's decision not to gold-plate the Payment Services Regulations by increasing transparency in foreign exchange pricing is consistent with the Government's stated approach to gold-plating; and if he will make a statement.

The decision not to increase transparency in foreign exchange pricing is consistent with the Government’s approach to transposing other EU Directives, which is not to gold-plate and go beyond the requirements of the Directive wherever possible.