The Payment Accounts Regulations 2015

Appeals against refusal or cancellation

This section has no associated Explanatory Memorandum

12.—(1) Where the Regulator has—

(a)refused an application for a designation certificate under paragraph 3(3);

(b)notified an operator that it intends to cancel the designation certificate in accordance with paragraph 6(3); or

(c)required the payment of a penalty under paragraph 9;

the applicant (in the case of the decision referred to in paragraph (a)) or the operator (in the case of a decision referred to in paragraph (b) or (c)) may appeal against the Regulator’s decision to the Tribunal.

(2) In determining an appeal made in accordance with this paragraph, the Tribunal must apply the same principles as would be applied by a court on an application for judicial review.