Financial Services (Banking Reform) Act 2013

71Meaning of “compliance failure”U.K.

This adran has no associated Nodiadau Esboniadol

In this Part “compliance failure” means a failure by a participant in a regulated payment system to—

(a)comply with a direction given under section 54, F1...

(b)comply with a requirement imposed under section 55 or 56 [F2; or

(c)comply with rules made by the Regulator under paragraph 9A of Schedule 4.]