# Financial Services (Banking Reform) Act 2013, Section 54: Directions


(1) The Payment Systems Regulator may give directions in writing to participants in regulated payment systems.
(2) A direction given to a participant in a regulated payment system may—
(a) require or prohibit the taking of specified action in relation to the system;
(b) set standards to be met in relation to the system.
(3) A direction under this section may apply—
(a) generally,
(b) in relation to—
(i) all operators, or every operator of a regulated payment system of a specified description,
(ii) all infrastructure providers, or every person who is an infrastructure provider in relation to a regulated payment system of a specified description, or
(iii) all payment service providers, or every person who is a payment service provider in relation to a regulated payment system of a specified description, or
(c) in relation to specified persons or persons of a specified description.
(4) The Payment Systems Regulator must publish any direction given under this section that applies as mentioned in subsection (3)(a) or (b).
(5) A direction under this section that applies as mentioned in subsection (3)(a) or (b) is referred to in this Part as a “general direction”.

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Source: https://www.legislation.gov.uk/ukpga/2013/33/section/54 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013/section-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.