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Section 53(3)

FSMA 2023

In section 104 of the Financial Services (Banking Reform) Act 2013 (consultation requirements), after subsection (5) insert— The Payment Systems Regulator must include, in the account mentioned in subsection (5), a list of the respondents who made the representations, where those respondents have consented to the publication of their names. The duty in subsection (5A) is not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but the duty is to be taken into account in determining whether particular processing of data would contravene that legislation). In this section “data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act). Where representations are made to the Payment Systems Regulator by a Committee of the House of Commons or the House of Lords or a Joint Committee of both Houses in accordance with subsection (3)(d), the Payment Systems Regulator’s account mentioned in subsection (5) must also describe how the Payment Systems Regulator has considered the representations made by that Committee in making the proposed requirement.

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