Regulation 11 Financial Services and Markets Tribunal

(1)

Before 6th April 2010, if the Authority decides to—

(a)

publish a statement under regulation 5;

(b)

impose a penalty under regulation 6; or

(c)

exercise the power under regulation 9(2),

the payment service provider concerned may refer the matter to the Financial Services and Markets Tribunal.

(2)

On or after 6th April 2010, if the Authority decides to take any of the actions mentioned in paragraph (1)(a), (b) and (c), the payment service provider concerned may refer the matter to the Upper Tribunal^f1.

Annotations

Footnotes

f1: Article 2(2) of the Transfer of Tribunal Functions Order 2010 (S.I. 2010/22) provides for the functions of the Financial Services and Markets Tribunal to be transferred to the Upper Tribunal. It comes into force on 6th April 2010.