# The Payment Accounts Regulations 2015, Regulation 31: Power of direction: procedure


(1) A direction given under regulation 30(1) takes effect—
(a) immediately, if the notice given under paragraph (2) states that this is the case; or
(b) on such date as may be specified in the notice.
(2) If the Authority proposes to give a direction to a payment service provider (“A”) under regulation 30(1), or gives such a direction with immediate effect, it must give A written notice.
(3) The notice must—
(a) give details of the direction;
(b) state the Authority’s reasons for giving the direction;
(c) inform A that A may make representations to the Authority within such period as may be specified in the notice (whether or not A has referred the matter to the Tribunal);
(d) inform A of when the direction takes effect;
(e) inform A of the right to refer a matter to the Tribunal conferred by regulation 32.
(4) The Authority may extend the period allowed under the notice for making representations.
(5) The Authority must give A written notice if, having considered any representations made by P, the Authority decides—
(a) to give the direction in the way proposed;
(b) to rescind a direction that has been given and which took immediate effect;
(c) not to rescind a direction that has been given and which took immediate effect;
(d) not to give a direction that it had proposed to give; or
(e) to give a different direction to the one that it had proposed to give.
(6) A notice under paragraph (5)(a),(c) or (e) must inform A of A’s right to refer the matter to the Tribunal.
(7) A notice given under paragraph (5)(e) must comply with paragraph (3).
(8) Where a notice informs A of A’s right to refer a matter to the Tribunal, it must give an indication of the procedure on such a reference.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111140697/regulation/31 (the official version)
Page: https://openlegislation.uk/draft-payment-accounts-regulations-2015/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.