(1) The contract between the provider of a payment card and the consumer relating to the payment card shall be deemed to provide -
(a) for relevant payments to be recredited or returned to the consumer whenever the card is used fraudulently in connection with a distance contract for the supply of a financial service, and
(b) for the consumer not to be liable for a payment to which subparagraph (a) relates after the consumer has informed the card provider of the loss, theft or misappropriation of the card.
(2) The provider of a payment card shall ensure that facilities are available to enable the consumer -
(a) to request cancellation of a payment to which paragraph (1) applies, and
(b) to immediately notify the provider if the card is lost, stolen or misappropriated.
(3) If the provider of a payment card fails to comply with paragraph (2), the consumer is not liable for the financial consequences resulting from the loss, theft or misappropriation of the card.
(4) If, in any procee