Regulation 94A Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B)F1
A payment service provider is liable to its payment service user for—
(a)
any charges for which the payment service user is responsible; and
(b)
any interest which the payment service user must pay,
as a consequence of a delay to the execution of a payment order in reliance on regulation 86(2B), irrespective of whether the payment order is ultimately executed.
Annotations
Textual amendments
- F1
Reg. 94A inserted (30.10.2024) by The Payment Services (Amendment) Regulations 2024 (S.I. 2024/1013), regs. 1(2), 2(5)
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)