3.1 An operator of a regulated payment system which is not subject to Regulation 103 of the PSRs 2017 must have publicly disclosed access requirements which:
- are proportionate, objective and non-discriminatory
- do not prevent, restrict or inhibit access or participation more than is necessary to safeguard against specific risks (such as settlement risks, operational risk or business risk), or to protect the financial and operational stability of the payment system
3.2 For the purposes of General Direction 2, publicly disclosing the access requirements means, at the least, providing a copy of them in a prominent, easily accessible position on any relevant website that the operator operates or controls.
3.3 The operator must inform the PSR, as soon as possible, of any material updates and changes to the operator's access requirements.
3.4 Operators must give us a report on their own compliance with the obligations in General Direction 2 each year, covering the 12-month period to 30 Se
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