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CISI UKFRQuestion 5 / 10

Which of the following payment services falls directly within the PSR's supervisory scope?

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Multiple choice — select the best answer
✓ Correct answer: A. Bacs Direct Credit Bacs Direct Credit is one of the major UK payment systems and is directly regulated by the PSR. Why the other options are incorrect: • Life insurance premiums: Life insurance premiums are subject to PRA and FCA regulation, not PSR supervision. • Corporate bond issuance: Corporate bond issuance is regulated under FCA conduct rules, not by the PSR. • Defined contribution pensions: Defined contribution pension schemes are overseen by The Pensions Regulator, not the PSR. • Capital requirements reporting: Capital requirements reporting is a PRA obligation and is unrelated to the PSR.

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