Appointment to the Payment Systems Regulator
DT Economics is proud to announce that one of its partners, David Thomas, has been appointed to two decision-making committees of the UK's payment system regulator (the PSR).
The Enforcement Decisions Committee (EDC), is a committee of the PSR's Board. Its purpose is to take regulatory enforcement decisions for the PSR when a settlement cannot be reached.
Members of the EDC may be called upon to act as Settlement Decision Makers in enforcement cases. In the event that settlement is not reached, any EDC member who has acted as a Settlement Decision Maker is then precluded from membership of the EDC panel considering the case.
The purpose of the Competition Decisions Committee (CDC), is linked to the competition powers the PSR has under the Competition Act 1998 (CA98) and under Articles 101/102 of the Treaty on the Functioning of the European Union (TFEU).
The CDC is a group of experts appointed to act as the decision-maker on whether, based on the facts and evidence before it, the legal test for establishing an infringement of competition law has been met and, where appropriate, on the level of the financial penalty to be imposed.