# Financial Services (Banking Reform) Act 2013, Section 56: Power to require granting of access to payment systems


(1) This section applies where a person (“the applicant”) applies for an order under this section.
(2) The Payment Systems Regulator may by order require the operator of a regulated payment system to enable the applicant to become a payment service provider in relation to the system.
(3) The Payment Systems Regulator may by order require any payment service provider with direct access to a regulated payment system to enter into an agreement with the applicant to enable the applicant to become a payment service provider in relation to the system.
(4) An order under this section may provide for the applicant to become a payment service provider in relation to a payment system—
(a) for a period specified in the order;
(b) on terms and conditions specified in the order.

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Source: https://www.legislation.gov.uk/ukpga/2013/33/section/56 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013/section-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.