Regulation 16 Designation of alternative arrangements etc.
(1)
Schedule 4 makes provision in connection with—
(a)
the designation of alternative arrangements; and
(b)
the powers of the Payment Systems Regulator over operators of switching services designated as alternative arrangements.
(2)
Schedule 5 makes provision in connection with—
(a)
fees connected with an alternative arrangement;
(b)
compensation for financial losses incurred by consumers switching accounts under an alternative arrangement; and
(c)
information relating to an alternative arrangement that a payment service provider must make available to consumers.