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Part 5 Regulation of payment systems (ss. 39-110)

Comparing proposed amendment...
Overview (s. 39)
In force
39. Overview
The Payment Systems Regulator (s. 40)
In force
40. The Payment Systems Regulator
"Payment system" etc (ss. 41-42)
In force
41. Meaning of "payment system"
In force
42. Participants in payment systems etc
Designation as a regulated payment system (ss.43-48)
In force
43. Designation orders
In force
44. Designation criteria
In force
45. Procedure
In force
46. Amendment of designation order
In force
47. Revocation of designation orders
In force
48. Publication
General duties of Regulator (ss. 49-53)
In force
49. Regulator's general duties in relation to payment systems
In force
50. The competition objective
In force
51. The innovation objective
In force
52. The service-user objective
Partly in force
53. Regulatory principles
Regulatory and competition functions (ss. 54-67)
In force
54. Directions
In force
55. System rules
In force
56. Power to require granting of access to payment systems
In force
57. Variation of agreements relating to payment systems
In force
58. Power to require disposal of interest in payment system
In force
59. The Regulator's functions under Part 4 of the Enterprise Act 2002
In force
60. Restrictions on exercise of functions under Part 4 of the Enterprise Act 2002
In force
61. The Regulator's functions under the Competition Act 1998
In force
62. Duty to consider exercise of powers under Competition Act 1998
In force
63. Provision of information and assistance to a CMA group
In force
64. Function of keeping markets under review
In force
65. Exclusion of general duties
In force
66 Concurrent competition powers: supplementary provision
In force
67. Amendments relating to Regulator's competition powers
Complaints (ss. 68-70)
In force
68. Complaints by representative bodies
In force
69. Response by Regulator
In force
70. Complaints: guidance
Enforcement and appeals (ss. 71-80)
In force
71. Meaning of "compliance failure"
In force
72. Publication of compliance failures etc
In force
73. Penalties
In force
74. Warning notices
In force
75. Injunctions
In force
76. Appeals: general
In force
77. Appeals to Competition Appeal Tribunal
In force
78. Appeals in relation to penalties
In force
79. Appeals to Competition and Markets Authority
In force
80. Enforcement of requirement to dispose of interest in payment system
Information and investigation powers (ss. 81-90)
In force
81. Power to obtain information or documents
In force
82. Reports by skilled persons
In force
83. Appointment of persons to conduct investigations
In force
84. Investigations: general
In force
85. Powers of persons appointed under section 83
In force
86. Information and documents: supplemental provisions
In force
87. Admissibility of statements made to investigators
In force
88. Entry of premises under warrant
In force
89. Retention of documents taken under section 88
In force
90. Enforcement of information and investigation powers
Disclosure of information (ss. 91-95)
In force
91. Restrictions on disclosure of confidential information
In force
92. Exemptions from section 91
In force
93. Offences relating to disclosure of confidential information
In force
94. Information received from Bank of England
In force
95. Disclosure of information by Bank to Regulator
Guidance (s. 96)
In force
96. Guidance
Reports (s. 97)
In force
97. Reports
Technical Standards (ss. 97A-97D)
In force
97A. Technical standards
In force
97B. Standards instruments
In force
97C. Treasury approval
In force
97D. Application of section 104 of this Act and Part 9A of the Financial Services and Markets Act 2000
Relationship with other regulators (ss. 98-102)
In force
98. Duty of regulators to ensure co-ordinated exercise of functions
In force
99. Memorandum of understanding
In force
100. Power of Bank to require Regulator to refrain from specified action
In force
101. Power of FCA to require Regulator to refrain from specified action
In force
102. Power of PRA to require Regulator to refrain from specified action
Recommendations (s. 102A)
In force
102A. Recommendations by Treasury in connection with general duties
Consultation, accountability and oversight (ss. 102B-107A)
In force
102B Matters to consider when imposing generally applicable requirements
In force
103. Regulator's general duty to consult
In force
104. Consultation in relation to generally applicable requirements
In force
104A Requirements in connection with public consultations
In force
104B Duty of Regulator to review generally applicable requirements
In force
104C Statement of policy relating to review of requirements
In force
104D Requirement to review specified requirements 
In force
104E Report on certain reviews
In force
104F Power of Treasury to require the imposition of generally applicable requirements
In force
104G Consultation with the FCA Cost Benefit Analysis Panel
In force
104H Statement of policy in relation to cost benefit analyses
In force
104I Statement of policy on panel appointments
In force
105. Independent inquiries
In force
106. Investigations into regulatory failure
In force
107. Competition scrutiny
In force
107A. International trade obligations
Miscellaneous and supplemental (ss. 108-110)
In force
108. Relationship with Part 8 of the Payment Services Regulations 2017
In force
109. Exemption from liability in damages for FCA and PRA
In force
110. Interpretation of Part