(1) The Bank of England may require the operator of a recognised payment system -
(a) to establish rules for the operation of the system including the operation of services that form part of the arrangements constituting, or connected with, the system and are provided by a service provider, or a DSA service provider;
(b) to change the rules in a specified way or so as to achieve a specified purpose;
(c) to notify the Bank of any proposed change to the rules;
(d) not to change the rules without the approval of the Bank.
(2) A requirement under subsection (1)(c) or (d) may be general or specific.