51The innovation objectiveU.K.
This section has no associated Explanatory Notes
(1)The innovation objective is to promote the development of, and innovation in, payment systems in the interests of those who use, or are likely to use, services provided by payment systems, with a view to improving the quality, efficiency and economy of payment systems.
(2)The reference in subsection (1) to promoting the development of, and innovation in, payment systems includes, in particular, a reference to promoting the development of, and innovation in, infrastructure to be used for the purposes of operating payment systems.
Commencement Information
I1S. 51 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1