http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21Financial 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 Participation2016-04-21 PART 5 Regulation of payment systems<Emphasis>General duties of Regulator</Emphasis>The service-user objective52The service-user objective is to ensure that payment systems are operated and developed in a way that takes account of, and promotes, the interests of those who use, or are likely to use, services provided by payment systems.S. 52 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2013/33/2016-04-21" IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33" NumberOfProvisions="418" RestrictEndDate="2016-05-10" xml:lang="en" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictStartDate="2016-04-21" RestrictExtent="E+W+S+N.I.">
<ukm: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" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
<dc:identifier>http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21</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/section/52/2016-04-21/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/section/52/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/section/52/2016-04-21/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21/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/section/52/enacted" title="enacted"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2014-03-01" title="2014-03-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2013/33/section/52" title="current"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2013/33/2016-04-21" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2013/33/section/51/2016-04-21" title="Provision; Section 51"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2013/33/section/51/2016-04-21" title="Provision; Section 51"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2013/33/section/53/2016-04-21" title="Provision; Section 53"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2013/33/section/53/2016-04-21" title="Provision; Section 53"/>
<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 Modified="2019-01-03T09:36:07Z" AffectedProvisions="specified provision(s)" AffectedNumber="33" AffectingProvisions="Order" AffectingURI="http://www.legislation.gov.uk/id/uksi/2015/492" TypeNotes="savings and transitional provisions for commencing SI 2015/490" AffectingNumber="492" Comments="Already added to appended commentary for EXTOES for 2014 SI0490" AffectingClass="UnitedKingdomStatutoryInstrument" Row="23" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" URI="http://www.legislation.gov.uk/id/effect/key-31d6ebbf8dd56809c84dbeda9c753fd4" AffectedYear="2013" EffectId="key-31d6ebbf8dd56809c84dbeda9c753fd4" RequiresApplied="false" AffectingYear="2015" Type="savings and transitional provisions for commencing SI 2015/490">
<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 Type="amendment to earlier commencing S.I. 2015/490, art. 2" AffectingProvisions="art. 2" URI="http://www.legislation.gov.uk/id/effect/key-ff13df488d691c8ca98c37a43cfb1500" AffectedNumber="33" AffectingEffectsExtent="E+W+S+N.I." Modified="2019-01-03T09:36:07Z" AffectingClass="UnitedKingdomStatutoryInstrument" TypeNotes="amendment to earlier commencing S.I. 2015/490, art. 2" RequiresApplied="false" EffectId="key-ff13df488d691c8ca98c37a43cfb1500" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" AffectingYear="2015" Row="24" Comments="Amendment reflected in appended commentary in EXTOES for 2015 SI0490" AffectedYear="2013" AffectingNumber="2055" AffectedProvisions="specified provision(s)" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/uksi/2015/2055">
<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" AffectingYear="2024" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/ukpga-2024-13-gatg7ly5-914" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2024/13" Row="914" AffectingNumber="13" EffectId="key-801017c5ed06026b478a4e0822a8574a" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="Sch. 29 para. 11(2)" AffectedYear="2013" AffectedNumber="33" Created="2024-07-01T15:31:50Z" AffectedProvisions="s. 59(7)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" 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" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedProvisions="s. 61(6)" AffectingProvisions="Sch. 29 para. 11(3)" AffectedNumber="33" Created="2024-07-01T15:31:50Z" URI="http://www.legislation.gov.uk/id/effect/ukpga-2024-13-gatg7ly5-915" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2024/13" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectingYear="2024" AffectedYear="2013" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2013/33" EffectId="key-b99e804959b58247eadaa96bb8768681" Type="inserted" AffectingNumber="13">
<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>
</ukm:Metadata>
<Primary>
<Body DocumentURI="http://www.legislation.gov.uk/ukpga/2013/33/body/2016-04-21" IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33/body" NumberOfProvisions="210" RestrictStartDate="2016-04-21">
<Part DocumentURI="http://www.legislation.gov.uk/ukpga/2013/33/part/5/2016-04-21" IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33/part/5" NumberOfProvisions="73" RestrictEndDate="2017-03-01" id="part-5" RestrictStartDate="2015-12-09" RestrictExtent="E+W+S+N.I.">
<Number>
<Strong>PART 5</Strong>
</Number>
<Title>Regulation of payment systems</Title>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2013/33/part/5/crossheading/general-duties-of-regulator/2016-04-21" IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33/part/5/crossheading/general-duties-of-regulator" NumberOfProvisions="5" RestrictEndDate="2023-08-29" id="part-5-crossheading-general-duties-of-regulator" RestrictStartDate="2014-03-01" RestrictExtent="E+W+S+N.I.">
<Title>
<Emphasis>General duties of Regulator</Emphasis>
</Title>
<P1group RestrictStartDate="2014-03-01">
<Title>The service-user objective</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2013/33/section/52/2016-04-21" IdURI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/52" id="section-52">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-0852d35db3a13aa5ae24803a8b2f1945"/>
52
</Pnumber>
<P1para>
<Text>The service-user objective is to ensure that payment systems are operated and developed in a way that takes account of, and promotes, the interests of those who use, or are likely to use, services provided by payment systems.</Text>
</P1para>
</P1>
</P1group>
</Pblock>
</Part>
</Body>
</Primary>
<Commentaries>
<Commentary id="key-0852d35db3a13aa5ae24803a8b2f1945" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="section-52" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/52" id="cygub5wu1-00327">S. 52</CitationSubRef>
in force at 1.3.2014 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/377" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="377" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014" id="cygub5wu1-00328">S.I. 2014/377</Citation>
,
<CitationSubRef SectionRef="article-2-1-a" URI="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/a" CitationRef="cygub5wu1-00328" id="cygub5wu1-00329">art. 2(1)(a)</CitationSubRef>
,
<CitationSubRef SectionRef="schedule-part-1" URI="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/1" CitationRef="cygub5wu1-00328" Operative="true" id="cygub5wu1-00330">Sch. Pt. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>