39 Overview
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

Part 5 Regulation of Payment Systems

Overview

39 听翱惫别谤惫颈别飞

(1)聽聽聽聽 This Part contains provision for the establishment of a new body (the 鈥淧ayment Systems Regulator鈥) to exercise functions in relation to payment systems.

(2)聽聽聽聽 Section 40 provides for the establishment of the Payment Systems Regulator.

(3)聽聽聽聽 Sections 41 and 42 contain definitions of 鈥減ayment system鈥

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Pension commencement lump sums (PCLSs)

Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part as a tax-free lump sum. HMRC calls this a 鈥榩ension commencement lump sum鈥 (PCLS). Taking a lump sum is usually at the option of the member who will

LEXISNEXIS

Common law offence of false imprisonment

Common law offence of false imprisonmentThe offence of false imprisonmentFalse imprisonment is a common law offence but it is more common as a civil action in tort (see Practice Note: False imprisonment).It is triable only on indictment. It may be classified in class 2A, 2B or 3 in accordance with

LEXISNEXIS

Guarantee payments

Guarantee paymentsThis Practice Note explains the right to a guarantee payment, which provides limited pay protection for certain employees who are laid off or put on short-time working.In practice the question whether a guarantee payment is due will usually arise in the case of hourly paid or piece

LEXISNEXIS

Resulting trusts

Resulting trusts represent one of the three types of trust which do not require to be declared or evidenced in writing. The others are constructive and implied trusts, although it is perhaps doubtful whether there is any form of implied trust which is not in fact either a resulting trust or a