Section 51C

Regulation 51B(1) (requirement to provide termination notice) does not apply where— the payment service provider is required by regulation 27 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (customer due diligence) to apply customer due diligence measures and is unable to apply them as required by regulation 28 of those Regulations (customer due diligence measures); a payment account provided under the framework contract is required to be closed in accordance with section 40G of the Immigration Act 2014 (closure of accounts not subject to freezing order); the payment service provider has reasonable grounds to suspect a payment service provided under the framework contract has been used, is being used or will be used in connection with a serious crime; in the exercise of their powers, the FCA, the Treasury or the Secretary of State require the framework contract to be terminated; or the payment service provider reasonably believes that— in the course of providing goods or services to a third party, the payment service user has engaged in conduct that involves, or is likely to involve, the commission of an offence; and a payment service provided under the framework contract has been used in connection with that conduct.

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