Regulation 94A Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B)

A payment service provider is liable to its payment service user for-

(a) any charges for which the payment service user is responsible; and

(b) any interest which the payment service user must pay,

as a consequence of a delay to the execution of a payment order in reliance on regulation 86(2B), irrespective of whether the payment order is ultimately executed.