Section 23(10)

The FCA may direct that paragraph (9)(c) does not apply in relation to a designated system if, in the FCA's view, the rules and default arrangements of that system do not adequately insulate the funds of payment service users from the claims of other creditors of authorised payment institutions which are participants in the system.

← 9 · All articles · 11 →

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