103 Regulator's general duty to consult
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

Consultation, accountability and oversight

103  Regulator's general duty to consult

(1)     The Payment Systems Regulator must make and maintain effective arrangements for consulting relevant persons on—

(a)     the extent to which its general policies and practices are consistent with its general duties under section 49, and

(b)     how its payment systems objectives may best be achieved.

(2)     The following are “relevant persons” for the purposes of this section—

(a)     participants in regulated payment systems,

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