# The Payment Accounts Regulations 2015, 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.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111140697/regulation/16 (the official version)
Page: https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.