PART 5The Authority

Monitoring and enforcement28

1

The Authority must maintain arrangements for the purpose of enabling it to determine whether payment service providers upon which requirements are imposed by or under—

a

Part F1... 3 or 4; or

b

regulation 30,

are complying with those requirements.

2

The arrangements referred to in paragraph (1) may provide for functions to be performed on behalf of the Authority by any person who is, in its opinion, competent to perform them.

3

The Authority must also maintain arrangements for—

a

enforcing requirements imposed on payment service providers by or under these Regulations;

b

taking action in accordance with regulation 35.