Section 103(1)

Rules or conditions governing access to, or participation in, a payment system by authorised or registered payment service providers must— be objective, proportionate and non-discriminatory; and not prevent, restrict or inhibit access or participation more than is necessary to— safeguard against specific risks such as settlement risk, operational risk or business risk; or protect the financial and operational stability of the payment system.

← 103 · All articles · 2 →

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