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Changes over time for: Section 103
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 29/08/2023
Status:
Point in time view as at 09/12/2019. This version of this provision has been superseded.
Status
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Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Financial Services (Banking Reform) Act 2013, Section 103 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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103Regulator's general duty to consultU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)The Payment Systems Regulator must make and maintain effective arrangements for consulting relevant persons on—
(a)the extent to which its general policies and practices are consistent with its general duties under section 49, and
(b)how its payment systems objectives may best be achieved.
(2)The following are “relevant persons” for the purposes of this section—
(a)participants in regulated payment systems, and
(b)those who use, or are likely to use, services provided by regulated payment systems.
(3)Arrangements under this section must include the establishment and maintenance of one or more panels of persons to represent the interests of relevant persons.
(4)Where the Payment Systems Regulator establishes a panel under subsection (3), it must appoint one of the members of the panel to be its chair.
(5)The Treasury's approval is required for the appointment or dismissal of the chair of a panel established under subsection (3).
(6)The Payment Systems Regulator must—
(a)consider representations that are made to it in accordance with arrangements made under this section, and
(b)from time to time publish, in such manner as it thinks fit, responses to the representations.
Yn ôl i’r brig