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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
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Regulation 123 Interpretation of Part 10

In this Part -

"the 2013 Act" means the Financial Services (Banking Reform) Act 2013 [2013 c. 33.];

"compliance failure" means a failure by a regulated person to comply with - (a) a qualifying requirement; or (b) a direction given under regulation 125(1);

"general direction" has the meaning given in regulation 125(5);

"general guidance" has the meaning given in regulation 134(2);

"qualifying requirement" means an obligation, prohibition or restriction imposed by - (a) regulation 61 (information on ATM withdrawal charges), (b) Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts), or (c) a direction given by the Payment Systems Regulator under regulation 125(2A);

"regulated person" means a person on whom a qualifying requirement is imposed.

Comparing proposed amendment...