(1) The Payment Systems Regulator may require the operator of a regulated payment system -
(a) to establish rules for the operation of the system;
(b) to change the rules in a specified way or so as to achieve a specified purpose;
(c) to notify the Payment Systems Regulator of any proposed change to the rules;
(d) not to change the rules without the approval of the Payment Systems Regulator.
(2) A requirement under subsection (1)(c) or (d) may be general or specific.
(3) A requirement under this section that is imposed on -
(a) all operators of regulated payment systems, or
(b) every operator of a regulated payment system of a specified description,
is referred to in this Part as a "generally-imposed requirement".