PART 5Regulation of payment systems

Consultation, accountability and oversight

104HF1Statement of policy in relation to cost benefit analyses

1

The Payment Systems Regulator must prepare and publish a statement of policy in relation to the preparation of cost benefit analyses for the purposes of section 104.

2

The statement must provide information about—

a

the methodology adopted in preparing cost benefit analyses;

b

matters to which the Payment Systems Regulator has regard in determining whether section 104(8) applies;

c

matters to which the Payment Systems Regulator has regard in determining whether section 104(10) or (11) applies in relation to the preparation of a cost benefit analysis;

d

arrangements to ensure that representations in connection with a cost benefit analysis that are made in accordance with section 104(3)(d) are considered;

e

cases in which the requirement to consult the FCA Cost Benefit Analysis Panel in relation to the preparation of a cost benefit analysis does not apply.

3

The statement may include whatever other information in relation to cost benefit analyses that the Payment Systems Regulator considers appropriate.

4

The Payment Systems Regulator may alter or replace a statement published under this section.

5

The Payment Systems Regulator must publish a statement as altered or replaced under subsection (4).

6

Publication under this section is to be made in such manner as the Payment Systems Regulator considers best designed to bring the statement to the attention of the public.