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Regulation 14 Provision of the switching service

Original text. Later amendments are not shown.

(1)

A payment service provider must offer a switching service between payment accounts that are—

(a)

denominated in the same currency; and

(b)

opened or held with a payment service provider located in the United Kingdom.

(2)

A switching service must meet the requirements set out in Schedule 3, except where regulation 15 applies.