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Financial Services (Banking Reform) Act 2013

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64Function of keeping markets under review

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(1)For the purpose of the functions conferred on it by sections 58 to 63 the Payment Systems Regulator is to have the function of keeping under review—

(a)the market for payment systems, and

(b)the markets for services provided by payment systems.

(2)The function conferred by subsection (1) is to be carried out with a view to (among other things) ensuring that the Payment Systems Regulator has sufficient information to take informed decisions and to carry out its other functions effectively.

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