16.—(1) Schedule 4 makes provision in connection with—
(a)the designation of alternative arrangements; and
(b)the powers of the Payment Systems Regulator over operators of switching services designated as alternative arrangements.
(2) Schedule 5 makes provision in connection with—
(a)fees connected with an alternative arrangement;
(b)compensation for financial losses incurred by consumers switching accounts under an alternative arrangement; and
(c)information relating to an alternative arrangement that a payment service provider must make available to consumers.