S. 64 in force at 1.4.2014 by S.I. 2014/823, art. 2(d)

http://www.legislation.gov.uk/ukpga/2013/33/section/64Financial 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 Participation2024-08-01PART 5Regulation of payment systemsRegulatory and competition functions
64Function of keeping markets under review(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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S. 64 in force at 1.4.2014 by
<ref eId="cygv07591-00077" href="http://www.legislation.gov.uk/id/uksi/2014/823">S.I. 2014/823</ref>
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<ref eId="cygv07591-00078" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2014/823/article/2/d">art. 2(d)</ref>
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<b>PART 5</b>
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<i>Regulatory and competition functions</i>
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<num>64</num>
<heading>Function of keeping markets under review</heading>
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<p>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—</p>
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<p>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.</p>
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