(1) Each holder of a licence shall, within two months of the coming into operation of this section (in the case of existing licence holders) or of the grant of a licence (in any other case), notify the Bank of -
(a) all charges imposed by such holder in relation to the provision of any service to the public or to any class of the public, and
(b) any term or condition upon or subject to which such service is provided.
(2) The holder of a licence shall notify the Bank of every proposal -
(a) to change any charge, term or condition which has been previously notified to the Bank for the purposes of this section, or
(b) to impose any charge, term or condition, applying to the provision of a service to the public or to any class of the public, which has not been previously notified to the Bank for the purposes of this section.
(3) The Bank may direct the holder of a licence -
(a) to refrain from imposing or changing a charge, term or condition, applying to the provision of a service to