31.—(1) A direction given under regulation 30(1) takes effect—
(a)immediately, if the notice given under paragraph (2) states that this is the case; or
(b)on such date as may be specified in the notice.
(2) If the Authority proposes to give a direction to a payment service provider (“A”) under regulation 30(1), or gives such a direction with immediate effect, it must give A written notice.
(3) The notice must—
(a)give details of the direction;
(b)state the Authority’s reasons for giving the direction;
(c)inform A that A may make representations to the Authority within such period as may be specified in the notice (whether or not A has referred the matter to the Tribunal);
(d)inform A of when the direction takes effect;
(e)inform A of the right to refer a matter to the Tribunal conferred by regulation 32.
(4) The Authority may extend the period allowed under the notice for making representations.
(5) The Authority must give A written notice if, having considered any representations made by P, the Authority decides—
(a)to give the direction in the way proposed;
(b)to rescind a direction that has been given and which took immediate effect;
(c)not to rescind a direction that has been given and which took immediate effect;
(d)not to give a direction that it had proposed to give; or
(e)to give a different direction to the one that it had proposed to give.
(6) A notice under paragraph (5)(a),(c) or (e) must inform A of A’s right to refer the matter to the Tribunal.
(7) A notice given under paragraph (5)(e) must comply with paragraph (3).
(8) Where a notice informs A of A’s right to refer a matter to the Tribunal, it must give an indication of the procedure on such a reference.