The Payment Accounts Regulations 2015

Power to direct payment service providers

This section has no associated Explanatory Memorandum

30.—(1) The Authority may direct a payment service provider to take such steps as are necessary for the purposes of securing compliance with the requirements of Part 2, 3 or 4.

(2) A direction under paragraph (1) may, in particular, require the payment service provider to—

(a)take specified action;

(b)refrain from taking specified action;

(c)review or take remedial action in respect of past conduct.

(3) A payment service provider to which a direction under paragraph (1) is given must comply with the direction.