# The Payment Accounts Regulations 2015, Paragraph 1: Factors to be taken into account


When considering whether to give a designation notice to a credit institution, the Treasury must take into account the following factors—
(a) the credit institution’s geographical coverage;
(b) the distribution of consumers within the United Kingdom;
(c) the credit institution’s share of the United Kingdom’s payment account market.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111140697/schedule/6/paragraph/1 (the official version)
Page: https://openlegislation.uk/draft-payment-accounts-regulations-2015/schedule-6/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.