Sch. 5 para. 4 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1

http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21Financial Services (Banking Reform) Act 2013An Act to make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certain deposits to be treated as a preferential debt on insolvency; to make further provision about payment systems and securities settlement systems; to make provision about the accounts of the Bank of England and its wholly owned subsidiaries; to make provision in relation to persons providing claims management services; and for connected purposes.texttext/xmlenStatute Law Database2024-09-06Expert Participation2016-04-21SCHEDULESSCHEDULE 5Procedure for appeals to the CMASuspension of decision41

The CMA may direct that, pending the determination of an appeal against a decision of the Payment Systems Regulator—

a

the decision is not to have effect, or

b

the decision is not to have effect to such extent as may be specified in the direction.

2

The power to give a direction under this paragraph is exercisable only where—

a

an application for its exercise has been made by the appellant at the same time as the appellant made an application in accordance with paragraph 3 for permission to bring an appeal against a decision of the Payment Systems Regulator,

b

the Payment Systems Regulator has been given an opportunity of making representations or observations, in accordance with paragraph 5(2), and

c

the balance of convenience does not otherwise require effect to be given to the decision pending that determination.

3

The CMA's decision on an application for a direction under this paragraph must be made—

a

where the Payment Systems Regulator makes representations or observations in accordance with paragraph 5(2), before the end of 10 working days beginning with the first working day after the day on which those representations or observations are received;

b

in any other case, before the end of 14 working days beginning with the first working day following the day on which the application under sub-paragraph (2)(a) is received.

4

The appellant must send the Payment Systems Regulator a copy of the application for a direction under this paragraph at the same time as it is sent to the CMA.

5

The CMA's decision whether to give a direction is to be taken by an authorised member of the CMA.

6

A direction under this paragraph must be—

a

given by an authorised member of the CMA, and

b

published, in such manner as an authorised member of the CMA considers appropriate, as soon as reasonably practicable after it is given.

7

Sub-paragraph (12) of paragraph 3 applies to the publication of a direction under sub-paragraph (6) of this paragraph as it applies to the publication of a decision under sub-paragraph (11) of that paragraph.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<portion includedIn="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/5">
<meta>
<identification source="#source">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/5"/>
<FRBRuri value="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/5"/>
<FRBRdate date="2013-12-18" name="enacted"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/>
<FRBRcountry value="GB-UKM"/>
<FRBRnumber value="33"/>
<FRBRname value="2013 c. 33"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/2016-04-21"/>
<FRBRdate date="2016-04-21" name="validFrom"/>
<FRBRauthor href="#source"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/2016-04-21/data.akn"/>
<FRBRdate date="2024-11-09Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#source">
<eventRef date="2013-12-18" type="generation" eId="enacted-date" source="#source"/>
<eventRef date="2014-03-01" type="amendment" source="#source"/>
<eventRef date="2014-03-01" eId="effective-date-1" source="#source"/>
<eventRef date="2016-03-07" eId="effective-date-2" source="#source"/>
<eventRef date="2016-04-21" eId="effective-date-3" source="#source"/>
<eventRef date="2016-05-10" eId="effective-date-4" source="#source"/>
<eventRef date="2017-03-01" eId="effective-date-5" source="#source"/>
<eventRef date="2020-12-01" eId="effective-date-6" source="#source"/>
</lifecycle>
<analysis source="#source">
<restrictions source="#source">
<restriction refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#d4e135" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-5" refersTo="#e+w+s+ni" type="jurisdiction"/>
</restrictions>
</analysis>
<temporalData source="#source">
<temporalGroup eId="period1">
<timeInterval start="#effective-date-1" refersTo="#period-concept1"/>
</temporalGroup>
<temporalGroup eId="period2">
<timeInterval start="#effective-date-1" end="#effective-date-6" refersTo="#period-concept2"/>
</temporalGroup>
<temporalGroup eId="period3">
<timeInterval start="#effective-date-2" end="#effective-date-5" refersTo="#period-concept3"/>
</temporalGroup>
<temporalGroup eId="period4">
<timeInterval start="#effective-date-3" end="#effective-date-4" refersTo="#period-concept4"/>
</temporalGroup>
</temporalData>
<references source="#source">
<TLCOrganization eId="source" href="http://www.legislation.gov.uk/id/publisher/StatuteLawDatabase" showAs="Statute Law Database"/>
<passiveRef href="http://www.legislation.gov.uk/id/ukpga/2024/13" showAs="Digital Markets, Competition and Consumers Act 2024"/>
<passiveRef href="http://www.legislation.gov.uk/id/uksi/2015/2055" showAs="The Financial Services (Banking Reform) Act 2013 (Commencement No. 9) (Amendment) Order 2015"/>
<passiveRef href="http://www.legislation.gov.uk/id/uksi/2015/492" showAs="The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015"/>
<TLCLocation eId="e+w+s+ni" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="England, Wales, Scotland, Northern Ireland"/>
<TLCConcept eId="period-concept1" href="/ontology/time/2014.03.01" showAs="since 2014-03-01"/>
<TLCConcept eId="period-concept2" href="/ontology/time/2014.03.01-2020.12.01" showAs="from 2014-03-01 until 2020-12-01"/>
<TLCConcept eId="period-concept3" href="/ontology/time/2016.03.07-2017.03.01" showAs="from 2016-03-07 until 2017-03-01"/>
<TLCConcept eId="period-concept4" href="/ontology/time/2016.04.21-2016.05.10" showAs="from 2016-04-21 until 2016-05-10"/>
</references>
<notes source="#source">
<note class="commentary I" eId="key-eaa8cb0a4b01cf4d874e104c1a722604">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/5/paragraph/4">Sch. 5 para. 4</ref>
in force at 1.3.2014 by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/377">S.I. 2014/377</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/a">art. 2(1)(a)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/1">Sch. Pt. 1</ref>
</p>
</note>
</notes>
<proprietary xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" source="#source">
<ukl:RestrictStartDate value="2016-04-21"/>
<ukl:RestrictEndDate value="2016-05-10"/>
<dc:identifier>http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21</dc:identifier>
<dc:title>Financial Services (Banking Reform) Act 2013</dc:title>
<dc:description>An Act to make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certain deposits to be treated as a preferential debt on insolvency; to make further provision about payment systems and securities settlement systems; to make provision about the accounts of the Bank of England and its wholly owned subsidiaries; to make provision in relation to persons providing claims management services; and for connected purposes.</dc:description>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-09-06</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2016-04-21</dct:valid>
<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/2013/33/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/notes" title="Explanatory Notes"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2013/33/notes/contents" title="Explanatory Notes Table of Contents"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/2013/33/2016-04-21" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/2013/33/introduction/2016-04-21" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/2013/33/body/2016-04-21" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/2013/33/schedules/2016-04-21" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2016-04-21/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2013/33/contents/2016-04-21" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision/2014-03-01" title="2014-03-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/suspension-of-decision" title="current"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/2016-04-21" title="Schedule 5"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/application-for-permission-to-bring-appeal/2016-04-21" title="Crossheading; Schedule 5 Crossheading; Application for permission to bring appeal"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/application-for-permission-to-bring-appeal/2016-04-21" title="Crossheading; Schedule 5 Crossheading; Application for permission to bring appeal"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/time-limit-for-representations-and-observations-by-the-regulator/2016-04-21" title="Crossheading; Schedule 5 Crossheading; Time limit for representations and observations by the Regulator"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/time-limit-for-representations-and-observations-by-the-regulator/2016-04-21" title="Crossheading; Schedule 5 Crossheading; Time limit for representations and observations by the Regulator"/>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="2013"/>
<ukm:Number Value="33"/>
<ukm:EnactmentDate Date="2013-12-18"/>
<ukm:ISBN Value="9780105433132"/>
<ukm:UnappliedEffects>
<ukm:UnappliedEffect AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" AffectingNumber="492" RequiresApplied="false" Type="savings and transitional provisions for commencing SI 2015/490" Row="23" AffectingYear="2015" AffectedYear="2013" Comments="Already added to appended commentary for EXTOES for 2014 SI0490" AffectedProvisions="specified provision(s)" URI="http://www.legislation.gov.uk/id/effect/key-31d6ebbf8dd56809c84dbeda9c753fd4" AffectingClass="UnitedKingdomStatutoryInstrument" Modified="2019-01-03T09:36:07Z" AffectingURI="http://www.legislation.gov.uk/id/uksi/2015/492" EffectId="key-31d6ebbf8dd56809c84dbeda9c753fd4" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="Order" TypeNotes="savings and transitional provisions for commencing SI 2015/490" AffectedNumber="33">
<ukm:AffectedTitle>Financial Services (Banking Reform) Act 2013</ukm:AffectedTitle>
<ukm:AffectedProvisions>specified provision(s)</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>Order</ukm:AffectingProvisions>
<ukm:InForceDates>
<ukm:InForce Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect Modified="2019-01-03T09:36:07Z" AffectedProvisions="specified provision(s)" AffectedNumber="33" AffectedYear="2013" AffectingYear="2015" EffectId="key-ff13df488d691c8ca98c37a43cfb1500" AffectingProvisions="art. 2" TypeNotes="amendment to earlier commencing S.I. 2015/490, art. 2" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" RequiresApplied="false" AffectingEffectsExtent="E+W+S+N.I." Type="amendment to earlier commencing S.I. 2015/490, art. 2" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-ff13df488d691c8ca98c37a43cfb1500" Row="24" AffectingNumber="2055" AffectingURI="http://www.legislation.gov.uk/id/uksi/2015/2055" Comments="Amendment reflected in appended commentary in EXTOES for 2015 SI0490">
<ukm:AffectedTitle>Financial Services (Banking Reform) Act 2013</ukm:AffectedTitle>
<ukm:AffectedProvisions>specified provision(s)</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Financial Services (Banking Reform) Act 2013 (Commencement No. 9) (Amendment) Order 2015</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2015/2055/article/2">art. 2</ukm:Section>
</ukm:AffectingProvisions>
<ukm:InForceDates>
<ukm:InForce Date="2015-12-16" Qualification="wholly in force"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect Type="inserted" AffectingNumber="13" URI="http://www.legislation.gov.uk/id/effect/ukpga-2024-13-gatg7ly5-914" Created="2024-07-01T15:31:50Z" EffectId="key-801017c5ed06026b478a4e0822a8574a" AffectingProvisions="Sch. 29 para. 11(2)" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2024/13" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomPublicGeneralAct" Row="914" AffectedNumber="33" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingYear="2024" AffectedYear="2013" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" AffectedProvisions="s. 59(7)" RequiresApplied="true">
<ukm:AffectedTitle>Financial Services (Banking Reform) Act 2013</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-59-7" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/59/7" FoundRef="section-59">s. 59(7)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Digital Markets, Competition and Consumers Act 2024</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-29" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/schedule/29">Sch. 29 </ukm:Section>
<ukm:Section Ref="schedule-29-paragraph-11-2" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/schedule/29/paragraph/11/2">para. 11(2)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-339-1" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/section/339/1">s. 339(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect Row="915" Type="inserted" AffectingYear="2024" RequiresApplied="true" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingNumber="13" AffectingProvisions="Sch. 29 para. 11(3)" EffectId="key-b99e804959b58247eadaa96bb8768681" AffectedYear="2013" AffectedNumber="33" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2024/13" Created="2024-07-01T15:31:50Z" AffectedProvisions="s. 61(6)" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" URI="http://www.legislation.gov.uk/id/effect/ukpga-2024-13-gatg7ly5-915">
<ukm:AffectedTitle>Financial Services (Banking Reform) Act 2013</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-61-6" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/61/6" FoundRef="section-61">s. 61(6)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Digital Markets, Competition and Consumers Act 2024</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-29" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/schedule/29">Sch. 29 </ukm:Section>
<ukm:Section Ref="schedule-29-paragraph-11-3" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/schedule/29/paragraph/11/3">para. 11(3)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-339-1" URI="http://www.legislation.gov.uk/id/ukpga/2024/13/section/339/1">s. 339(1)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
</ukm:UnappliedEffects>
</ukm:PrimaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2013/33/pdfs/ukpgaen_20130033_en.pdf" Date="2014-02-04" Title="Explanatory Note" Size="789993"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:CorrectionSlips>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/ukpga/2013/33/pdfs/ukpgacs_20130033_en_003.pdf" Date="2018-11-26" Title="Correction Slip 3" Size="11459"/>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/ukpga/2013/33/pdfs/ukpgacs_20130033_en_001.pdf" Date="2015-03-16" Title="Correction Slip 1" Size="11375"/>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/ukpga/2013/33/pdfs/ukpgacs_20130033_en.pdf" Date="2014-03-27" Title="Correction Slip" Size="11591"/>
</ukm:CorrectionSlips>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2013/33/pdfs/ukpga_20130033_en.pdf" Date="2013-12-20" Size="1498429"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="422"/>
<ukm:BodyParagraphs Value="210"/>
<ukm:ScheduleParagraphs Value="212"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<portionBody>
<hcontainer name="schedules" eId="d4e135" period="#period3">
<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-5" period="#period2">
<num>SCHEDULE 5</num>
<heading>Procedure for appeals to the CMA</heading>
<hcontainer name="crossheading" eId="schedule-5-crossheading-suspension-of-decision" period="#period1">
<heading>
<em>Suspension of decision</em>
</heading>
<paragraph eId="schedule-5-paragraph-4" period="#period1">
<num>
<noteRef href="#key-eaa8cb0a4b01cf4d874e104c1a722604" marker="I1" class="commentary I"/>
4
</num>
<subparagraph eId="schedule-5-paragraph-4-1">
<num>1</num>
<intro>
<p>The CMA may direct that, pending the determination of an appeal against a decision of the Payment Systems Regulator—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-1-a">
<num>a</num>
<content>
<p>the decision is not to have effect, or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-1-b">
<num>b</num>
<content>
<p>the decision is not to have effect to such extent as may be specified in the direction.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-2">
<num>2</num>
<intro>
<p>The power to give a direction under this paragraph is exercisable only where—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-2-a">
<num>a</num>
<content>
<p>an application for its exercise has been made by the appellant at the same time as the appellant made an application in accordance with paragraph 3 for permission to bring an appeal against a decision of the Payment Systems Regulator,</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-2-b">
<num>b</num>
<content>
<p>the Payment Systems Regulator has been given an opportunity of making representations or observations, in accordance with paragraph 5(2), and</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-2-c">
<num>c</num>
<content>
<p>the balance of convenience does not otherwise require effect to be given to the decision pending that determination.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-3">
<num>3</num>
<intro>
<p>The CMA's decision on an application for a direction under this paragraph must be made—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-3-a">
<num>a</num>
<content>
<p>where the Payment Systems Regulator makes representations or observations in accordance with paragraph 5(2), before the end of 10 working days beginning with the first working day after the day on which those representations or observations are received;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-3-b">
<num>b</num>
<content>
<p>in any other case, before the end of 14 working days beginning with the first working day following the day on which the application under sub-paragraph (2)(a) is received.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-4">
<num>4</num>
<content>
<p>The appellant must send the Payment Systems Regulator a copy of the application for a direction under this paragraph at the same time as it is sent to the CMA.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-5">
<num>5</num>
<content>
<p>The CMA's decision whether to give a direction is to be taken by an authorised member of the CMA.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-6">
<num>6</num>
<intro>
<p>A direction under this paragraph must be—</p>
</intro>
<paragraph eId="schedule-5-paragraph-4-6-a">
<num>a</num>
<content>
<p>given by an authorised member of the CMA, and</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4-6-b">
<num>b</num>
<content>
<p>published, in such manner as an authorised member of the CMA considers appropriate, as soon as reasonably practicable after it is given.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-5-paragraph-4-7">
<num>7</num>
<content>
<p>Sub-paragraph (12) of paragraph 3 applies to the publication of a direction under sub-paragraph (6) of this paragraph as it applies to the publication of a decision under sub-paragraph (11) of that paragraph.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>