Section 148(1)

A contravention— is actionable at the suit of a private person who suffers loss as a result of the contravention, subject to the defences and other incidents applying to actions for breach of statutory duty. which is to be taken to have occurred by virtue of regulation 21 (authorised payment institutions, small payment institutions and registered account information service providers acting without permission); of a requirement imposed by regulation 23 (safeguarding requirements); or of a requirement imposed by or under Part 6 (information requirements for payment services) or 7 (rights and obligations in relation to the provision of payment services),

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