[107A International trade obligations]
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

[107A  International trade obligations]

[(1)     This section applies where it appears to the Payment Systems Regulator that there is a material risk that a relevant action it proposes to take would be incompatible with an international trade obligation.

(2)     The Payment Systems Regulator must give written notice to the Treasury of the proposed action before proceeding to take it.

(3)     Subsection (2) applies only if a duty to consult applies in respect of the taking of the relevant

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