PART 5Regulation of payment systems

Enforcement and appeals

I180Enforcement of requirement to dispose of interest in payment system

1

A requirement imposed under section 58 is enforceable by civil proceedings brought by the Payment Systems Regulator for an injunction or for interdict or for any other appropriate relief or remedy.

2

Civil proceedings may not be brought to enforce a requirement imposed under that section unless—

a

the time for bringing an appeal against the decision to impose the requirement has expired and no appeal has been brought within that time, or

b

the person on whom the requirement was imposed has within that time brought such an appeal and the appeal has been dismissed or withdrawn.