From which directives were the PSRs derived?

The PSRs, or Payment Services Regulations, were derived from the EU Payment Services Directive (PSD) and its subsequent iteration, PSD2. The PSD was implemented to create a single market for payment services across the European Union, aiming to enhance competition and consumer protection. PSD2 further expanded upon these principles by introducing additional consumer rights and fostering innovation through increased transparency and security measures in payments.

The alignment of the PSRs with these directives ensures that the UK’s payment services framework complies with European standards, fostering a harmonized approach to payments within the EU. This foundation is critical for establishing a regulatory environment that supports both consumer interests and the growing digital payment landscape.

In contrast, the other choices do not relate directly to the establishment of the PSRs; they reference different directives and regulations not directly tied to payment services, thus distinguishing the correct answer from the alternatives.