Financial Services (Banking Reform) Act 2013
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Change 1
55 System rules
(1) The Payment Systems Regulator may require the operator of a regulated payment system— (a) to establish rules for the operation of the system; (b) to change the rules in a specified way or so as to achieve a specified purpose; (c) to notify the Payment Systems Regulator of any proposed change to the rules; (d) not to change the rules without the approval of the Payment Systems Regulator. (2) A requirement under subsection (1)(c) or (d) may be general or specific. (3) A requirement under this section that is imposed on— (a) all operators of regulated payment systems, or (b) every operator of a regulated payment system of a specified description, is referred to in this Part as a “generally-imposed requirement”.
55 System rules
(1) The Payment Systems Regulator may require the operator of a regulated payment system— (a) to establish rules for the operation of the system; (b) to change the rules in a specified way or so as to achieve a specified purpose; (c) to notify the Payment Systems Regulator of any proposed change to the rules; (d) not to change the rules without the approval of the Payment Systems Regulator. (2) A requirement under subsection (1)(c) or (d) may be general or specific. (3) A requirement under this section that is imposed on— (a) all operators of regulated payment systems, or (b) every operator of a regulated payment system of a specified description, is referred to in this Part as a “generally-imposed requirement”.
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