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Financial Services (Banking Reform) Act 2013

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Changes over time for: Section 56

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Point in time view as at 01/12/2020.

Changes to legislation:

Financial Services (Banking Reform) Act 2013, Section 56 is up to date with all changes known to be in force on or before 06 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. Help about Changes to Legislation

56Power to require granting of access to payment systemsU.K.

This section has no associated Explanatory Notes

(1)This section applies where a person (“the applicant”) applies for an order under this section.

(2)The Payment Systems Regulator may by order require the operator of a regulated payment system to enable the applicant to become a payment service provider in relation to the system.

(3)The Payment Systems Regulator may by order require any payment service provider with direct access to a regulated payment system to enter into an agreement with the applicant to enable the applicant to become a payment service provider in relation to the system.

(4)An order under this section may provide for the applicant to become a payment service provider in relation to a payment system—

(a)for a period specified in the order;

(b)on terms and conditions specified in the order.

Commencement Information

I1S. 56 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1

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