Regulation 14 Provision of the switching service
(1)
A payment service provider must offer a switching service between payment accounts that are—
(a)
denominated in the same currency; and
(b)
opened or held with a payment service provider located in the United Kingdom.
(2)
A switching service must meet the requirements set out in Schedule 3, except where regulation 15 applies.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 44) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xiv)