There are currently no known outstanding effects for the Financial Services (Banking Reform) Act 2013, Section 55.
(1)The Payment Systems Regulator may require the operator of a regulated payment system—
(a)to establish rules for the operation of the system;
(b)to change the rules in a specified way or so as to achieve a specified purpose;
(c)to notify the Payment Systems Regulator of any proposed change to the rules;
(d)not to change the rules without the approval of the Payment Systems Regulator.
(2)A requirement under subsection (1)(c) or (d) may be general or specific.
(3)A requirement under this section that is imposed on—
(a)all operators of regulated payment systems, or
(b)every operator of a regulated payment system of a specified description,
is referred to in this Part as a “generally-imposed requirement”.
Commencement Information
I1S. 55 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
