# The Payment Services Regulations 2017, Paragraph 5


A direction made under paragraph 4 must be on the basis of an evaluation of the relevant authorised payment institution including, if available and where the FCA considers it appropriate, any risk-management processes, risk loss database or internal control mechanisms of the authorised payment institution.

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Source: https://www.legislation.gov.uk/uksi/2017/752/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.