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<p>A competitive and transparent financial services sector is vital to ensuring that
the UK economy delivers for consumers and businesses.</p><p> </p><p>As with all policy
areas, the Government continues to keep transparency of foreign exchange fees under
review, and is currently conducting research on the effects of transparency on consumer
decisions.</p><p> </p><p>This will help inform the Government’s approach to foreign
exchange transactions within the Payment Services Regulations, which are currently
being consulted on as part of the transposition of the Second Payment Services Directive.</p>
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