(1) This section applies to the following agreements -
(a) any agreement made between the operator of a regulated payment system and a payment service provider;
(b) any agreement made between a payment service provider with direct access to a regulated payment system and another person for the purpose of enabling that other person to become a payment service provider in relation to the system;
(c) any agreement concerning fees or charges payable in connection with -
(i) participation in a regulated payment system, or
(ii) the use of services provided by a regulated payment system.
(2) The Payment Systems Regulator may, on the application of a party to an agreement to which this section applies, vary the agreement by -
(a) varying any of the fees or charges payable under the agreement, or
(b) in the case of an agreement within subsection (1)(a) or (b), varying any other terms and conditions relating to the payment service provider's participation in the payment system.
(3) In the case o
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