{
  "url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-21",
  "json_url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-21.json",
  "legislation": "ukdsi/2015/9780111140697",
  "legislation_title": "The Payment Accounts Regulations 2015",
  "legislation_url": "https://openlegislation.uk/draft-payment-accounts-regulations-2015",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Designated credit institutions",
  "text": "(1) The Treasury must, by giving notice, designate a sufficient number of United Kingdom credit institutions as credit institutions to which the duty in regulation 22 is to apply in order to ensure that—\n(a) access to a payment account with basic features is guaranteed for all eligible consumers in the United Kingdom;\n(b) distortions of competition are prevented.\n(2) Schedule 6 makes provision about the designation of credit institutions for this purpose.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111140697/regulation/21",
    "retrieved_at": "2026-10-30T15:09:03.167623+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}