(1) A direction given under regulation 30(1) takes effect -

(a) immediately, if the notice given under paragraph (2) states that this is the case; or

(b) on such date as may be specified in the notice.

(2) If the Authority proposes to give a direction to a payment service provider ("A") under regulation 30(1), or gives such a direction with immediate effect, it must give A written notice.

(3) The notice must -

(a) give details of the direction;

(b) state the Authority’s reasons for giving the direction;

(c) inform A that A may make representations to the Authority within such period as may be specified in the notice (whether or not A has referred the matter to the Tribunal);

(d) inform A of when the direction takes effect;

(e) inform A of the right to refer a matter to the Tribunal conferred by regulation 32.

(4) The Authority may extend the period allowed under the notice for making representations.