Schedule 5 Fees connected with alternative arrangements etc.
Interpretation
1. In this Schedule "participating payment service provider" means a payment service provider that is a party to a switching service that is an alternative arrangement.
Application
2. Any duty imposed upon a participating payment service provider by this Schedule only applies in connection with its participation in that switching service.
Fees connected with the alternative arrangement
(1) At the request of a consumer, a participating payment service provider must provide the consumer free of charge with details of any standing orders and direct debits applicable to the accounts that the consumer holds with it.