42 Participants in payment systems etc
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

42  Participants in payment systems etc

(1)     This section applies for the purposes of this Part.

(2)     The following persons are “participants” in a payment system—

(a)     the operator of the payment system (see subsection (3));

(b)     any infrastructure provider (see subsection (4));

(c)     any payment service provider (see [subsections (5) and (5A)]).

(But see also subsection (8).)

(3)     “Operator”, in relation to a payment system, means any person with responsibility under the system for managing or operating it; and any reference to the operation of a payment system includes a reference to its management.

(4)     “Infrastructure provider”, in relation

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