Regulation 16(1)

Interpretation

1. In this Schedule -

"designation certificate" means a certificate issued by the Regulator pursuant to paragraph 3;

"the operator" means the operator of a switching service which has been designated as an alternative arrangement;

"the Regulator" means the Payment Systems Regulator.

Application for designation

2.

(1) Any person may apply to the Regulator for a certificate ("a designation certificate") designating a switching service operated by that person as an alternative arrangement.

(2) Any such application -

(a) must be made in such manner as the Regulator may direct; and

(b) must be accompanied by such information as the Regulator may reasonably require for the purpose of determining the application.

(3) The directions and requirements given or imposed under sub-paragraph (2) may differ as between different applications.