Valid from 04/08/2009

Part 5 U.K. Inter-Bank Payment Systems

Valid from 12/11/2009

Enforcement U.K.

Valid from 31/12/2009

196 Compliance failure U.K.

In this Part “compliance failure” means a failure by the operator of a recognised inter-bank payment system to—

(a) comply with a code of practice under section 189,

(b) comply with a requirement under section 190,

(c) comply with a direction under section 191, or

(d) ensure compliance with a requirement under section 195.