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