(1) This section applies where the Treasury have given a direction to the Payment Systems Regulator under section 104D(1) to carry out a review.
(2) The Payment Systems Regulator must provide a written report to the Treasury as to the opinion of the Regulator in relation to the following matters -
(a) whether the requirements under review advance one or more of the payment systems objectives;
(b) whether and to what extent the requirements are functioning effectively and achieving their intended purpose;
(c) whether any amendments need to be made to the requirements and, if so, what those amendments should be;
(d) whether any requirements should be withdrawn (with or without replacement);
(e) whether any other action should be taken and, if so, what that action should be.
(3) As soon as practicable after receiving the report the Treasury must -
(a) lay before Parliament a copy of the report, and
(b) publish the report in such manner as the Treasury think fit.
(4) When complying with su
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