PART 5Regulation of payment systems
Consultation, accountability and oversight
104CF1Statement of policy relating to review of requirements
1
The Payment Systems Regulator must prepare and publish a statement of its policy with respect to its review of requirements under section 104B.
2
The statement must provide information about—
a
how representations (including by a relevant panel) can be made to the Regulator with respect to its review of requirements under section 104B, and
b
the arrangements to ensure that those representations are considered.
3
In this section “relevant panel” means—
a
a panel of the Payment Systems Regulator established under section 103(3),
b
a panel of the FCA mentioned in section 1RA(8) of FSMA 2000, and
c
a panel of the PRA mentioned in section 2NA(8) of FSMA 2000.
4
If a statement published under this section is altered or replaced by the Payment Systems Regulator, the Regulator must publish the altered or replaced statement.
5
A statement prepared under this section must be published by the Payment Systems Regulator in the way appearing to the Regulator to be best designed to bring it to the attention of the public.