62Duty to consider exercise of powers under Competition Act 1998U.K.
This section has no associated Explanatory Notes
(1)Before exercising any power within subsection (2), the Payment Systems Regulator must consider whether it would be more appropriate to proceed under the Competition Act 1998.
(2)The powers referred to in subsection (1) are—
(a)its power to give a direction under section 54 (apart from the power to give a general direction);
(b)its power to impose a requirement under section 55 (apart from the power to impose a generally-imposed requirement);
(c)its powers under sections 56, 57 and 58.
(3)The Payment Systems Regulator must not exercise the power if it considers that it would be more appropriate to proceed under the Competition Act 1998.
Commencement Information
I1S. 62 in force at 1.4.2015 by S.I. 2014/2458, art. 3(a)