[104D Requirement to review specified requirements]

[104D  Requirement to review specified requirements]

[(1)     The Treasury may by direction require the Payment Systems Regulator to carry out a review of any generally applicable requirement specified in the direction if—

(a)     the requirement has been in force for at least 12 months,

(b)     the Treasury consider that it is in the public interest that the requirement is reviewed, and

(c)     it does not appear to the Treasury that—

(i)     the regulator is carrying out, or proposes

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