PART 5Regulation of payment systems
F1Technical Standards
Annotations:
Amendments (Textual)
97BStandards instruments
1
The power to make technical standards is to be exercised by the Payment Systems Regulator by making an instrument under this section (a “standards instrument”).
2
A standards instrument must specify the provision under which the instrument is being made.
3
To the extent that a standards instrument does not comply with subsection (2), it is void.
4
A standards instrument must be published by the Payment Systems Regulator in the way appearing to the regulator to be best calculated to bring it to the attention of the public.
5
The Treasury must lay before Parliament a copy of each standards instrument made under this section.
6
The Payment Systems Regulator may charge a reasonable fee for providing a person with a copy of a standards instrument.
Ss. 97A-97D and cross-heading inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 10(4)