Section 54

The Payment Systems Regulator may give directions in writing to participants in regulated payment systems. A direction given to a participant in a regulated payment system may— require or prohibit the taking of specified action in relation to the system; set standards to be met in relation to the system. A direction under this section may apply— generally, in relation to— all operators, or every operator of a regulated payment system of a specified description, all infrastructure providers, or every person who is an infrastructure provider in relation to a regulated payment system of a specified description, or all payment service providers, or every person who is a payment service provider in relation to a regulated payment system of a specified description, or in relation to specified persons or persons of a specified description. The Payment Systems Regulator must publish any direction given under this section that applies as mentioned in subsection (3)(a) or (b). A direction under this section that applies as mentioned in subsection (3)(a) or (b) is referred to in this Part as a “general direction”.

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Source: legislation.gov.uk · retrieved 2026-09-04