Regulation 123 Interpretation of Part 10

In this Part—

• “the 2013 Act” means the Financial Services (Banking Reform) Act 2013 M1;

• “compliance failure” means a failure by a regulated person to comply with—

  1. (a)

     a F1qualifying requirement; or

  2. (b)

     a direction given under F2regulation 125(1);

• F3...

• “general direction” has the meaning given in regulation 125(5);

• “general guidance” has the meaning given in regulation 134(2);

• F4“qualifying requirement” means an obligation, prohibition or restriction imposed by—

  1. (a)

     regulation 61 (information on ATM withdrawal charges),

  2. (b)

     Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts), or

  3. (c)

     a direction given by the Payment Systems Regulator under regulation 125(2A);

• “regulated person” means a person on whom a F5qualifying requirement is imposed.