# The Payment Accounts Regulations 2015, Paragraph 8: Directions


(1) The Regulator may give directions in writing to the operator for the purpose of ensuring that the switching service continues to meet the requirements of regulation 15(2).
(2) A direction may—
(a) require or prohibit the taking of specified action by the operator in the operation of the switching service;
(b) set standards to be met in the operation of the switching service.
(3) A direction must inform the operator of—
(a) the date by which its terms must be complied with; and
(b) the Regulator’s power to—
(i) require the operator to pay a penalty pursuant to paragraph 9(1)(b) in the event of the operator’s failure to comply with the direction; and
(ii) apply to the court for an order pursuant to paragraph 11 for the purpose of securing the operator’s compliance with the direction.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111140697/schedule/4/paragraph/8 (the official version)
Page: https://openlegislation.uk/draft-payment-accounts-regulations-2015/schedule-4/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.