Regulation 27 General information on payment accounts with basic features
(1) The Money and Pensions Service must endeavour to raise awareness among consumers about -
(a) the availability of payment accounts with basic features;
(b) their general pricing conditions;
(c) the procedures to be followed in order to exercise the right to access a payment account with basic features; and
(d) the consumer’s right to complain to the Financial Ombudsman Service where the consumer considers that a credit institution has not complied with the requirements of this Part.
(2) Designated credit institutions must make available to consumers, free of charge, accessible information and assistance about -
(a) the specific features of the payment account with basic features they offer; and
(b) the associated fees and conditions of use.