(1) Where a service provider provides a payment transaction service referred to in paragraph (l) of Regulation 4, the service provider shall send a notification to the Bank.
(2) A notification under paragraph (1) shall -
(a) contain a description of the services being provided by the service provider,
(b) specify to which of the transaction types referred to in subparagraphs (i) and (ii) of paragraph (l) of Regulation 4 the services being provided relate.
(3) Where a service provider has, in a financial year of the service provider, provided services in respect of which a notification has been sent under paragraph (1), the service provider shall, within such period after the end of that financial year as the Bank may direct, provide an audit opinion in respect of that financial year to the effect that the transactions in respect of which the services were provided comply with the limits set out in paragraph (l) of Regulation 4.
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