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Regulation 30 Power to direct payment service providers

Original text. Later amendments are not shown.

(1)

The Authority may direct a payment service provider to take such steps as are necessary for the purposes of securing compliance with the requirements of Part 2, 3 or 4.

(2)

A direction under paragraph (1) may, in particular, require the payment service provider to—

(a)

take specified action;

(b)

refrain from taking specified action;

(c)

review or take remedial action in respect of past conduct.

(3)

A payment service provider to which a direction under paragraph (1) is given must comply with the direction.