Question to the Department for Business, Energy and Industrial Strategy:

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.

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.