Regulation 30 Power to direct payment service providers

(1)

The Authority may direct a payment service provider to take such steps as are necessary for the purposes of securing compliance with the requirements of Part F1... 3 or 4.

(2)

A direction under paragraph (1) may, in particular, require the payment service provider to—

(a)

take specified action;

(b)

refrain from taking specified action;

(c)

review or take remedial action in respect of past conduct.

(3)

A payment service provider to which a direction under paragraph (1) is given must comply with the direction.

Annotations

Textual amendments

F1: Word in reg. 30(1) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 11(5)

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)