Regulation 14(2)

Interpretation

1. In this Schedule -

"transferring payment service provider" means the payment service provider that provides the payment account from which the service is switched; and

"receiving payment service provider" means the payment service provider that provides the payment account to which the service switched.

Authorisation

2.

(1) The receiving payment service provider must perform the switching service upon receipt of an authorisation from the consumer.

(2) In the case of two or more holders of the account, authorisation must be obtained from each of them.

(3) The authorisation must be drawn up in English or in any other language agreed between the parties.

(4) The authorisation must allow the consumer to -

(a) provide specific consent to the performance by the transferring payment service provider of each of the tasks set out in paragraph 3(a) to (f);