In this Part "compliance failure" means a failure by a participant in a regulated payment system to - (a) comply with a direction given under section 54, (b) comply with a requirement imposed under section 55 or 56; or (c)comply with rules made by the Regulator under paragraph 9A of Schedule 4.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 October 2018 - onwards