Ofcom has published a statement setting out how it will transfer responsibility for the day-to-day regulation of premium rate services (PRS) from the Phone-Paid Services Authority (PSA) to Ofcom.
Historically, the PSA has been designated as day-to-day regulator for the PRS market, with Ofcom performing a 'backstop' regulatory function through its enforcement of the PRS Condition.
From 1st February 2025, Ofcom will assume day-to-day responsibility as regulator and enforcer of PRS regulation. It will withdraw approval of the PSA's current Code of Practice and will introduce its own set of rules.
Ofcom has opened a consultation that sets out its proposals to modify the General Conditions to remove references to the PSA and its Code of Practice so they are aligned to the future regulatory framework for PRS.
The consultation is open for feedback until 25th November 2024.