50 The competition objective
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

50  The competition objective

(1)     The competition objective is to promote effective competition in—

(a)     the market for payment systems, and

(b)     the markets for services provided by payment systems,

in the interests of those who use, or are likely to use, services provided by payment systems.

(2)     The reference in subsection (1) to promoting effective competition includes, in particular, promoting effective competition—

(a)     between different operators of payment systems,

(b)     between different payment service providers, and

(c)

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