Regulation 51A Termination of framework contract entered into before 28th April 2026F1

(1)

The payment service provider may terminate a framework contract concluded for an indefinite period and entered into before 28th April 2026 by giving at least two months’ notice, if the contract so provides.

(2)

Notice of termination given in accordance with paragraph (1) must be provided in the same way as information is required by regulation 55(1) (communication of information) to be provided or made available.

Annotations

Textual amendments

F1: Regs. 51-51D substituted for reg. 51 (28.4.2026) by The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025 (S.I. 2025/688), regs. 1(2), 3(4)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 158) 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)(xix)