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Written question asked by Martin Whitfield (Labour) on Thursday, 28 June 2018, in the House of Commons. It was due for an answer on Monday, 2 July 2018. It was answered by Andrew Griffiths (Conservative) on Thursday, 5 July 2018 on behalf of the Department for Business, Energy and Industrial Strategy.


Bureaux de Change: Consumers

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department is planning to update his Department's guidance, BIS guidance for foreign exchange providers: compliance with consumer protection legislation, published on 20 September 2012.

Answer

The Department has no current plans to amend the guidance. Proposals to amend the Cross Border Payments Regulation are currently going through the European Legislative process and HMG is working with other Member States on these proposals. These contain provisions relating to transparency of currency conversion in certain instances. The Department will consider in due course whether an update to the guidance is necessary.


Secondary information

Type
Written question
Reference
158801
Session
2017-19
Subjects
Consumers Protection Bureaux de change
Link
View this Written question on www.parliament.uk