Section 55(1)

The Payment Systems Regulator may require the operator of a regulated payment system— to establish rules for the operation of the system; to change the rules in a specified way or so as to achieve a specified purpose; to notify the Payment Systems Regulator of any proposed change to the rules; not to change the rules without the approval of the Payment Systems Regulator.

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