Section 196 Compliance failureI1

United Kingdom

In this Part “compliance failure” means a failure by the operator of a recognised F1... payment system F2, a recognised DSA service provider F3, or a service provider in relation to such a system, F4or such a DSA service provider to—

(a)

comply with a code of practice under section 189,

(b)

comply with a requirement under section 190,

(c)

comply with a direction under section 191, or

(d)

ensure compliance with a requirement under section 195.

Annotations

Textual amendments

F1: Word in s. 196 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 18
F2: Words in s. 196 inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 24(a)
F3: Words in s. 196 inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(16)
F4: Words in s. 196 inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 24(b)

Commencement

I1: S. 196 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 2

Notes on Part 5

Textual amendments

F1: Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2
F2: Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2