(1) Schedule 4 makes provision in connection with -

(a) the designation of alternative arrangements; and

(b) the powers of the Payment Systems Regulator over operators of switching services designated as alternative arrangements.

(2) Schedule 5 makes provision in connection with -

(a) fees connected with an alternative arrangement;

(b) compensation for financial losses incurred by consumers switching accounts under an alternative arrangement; and

(c) information relating to an alternative arrangement that a payment service provider must make available to consumers.