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Contents

Long Title

Part I PRELIMINARY

Part II FUNCTIONS AND POWERS OF AUTHORITY

Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS

Part IV DESIGNATION OF PAYMENT SYSTEMS

Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS

Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS

Part VII STORED VALUE FACILITIES

Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES

Part IX MISCELLANEOUS

Legislative Source Key

Legislative History

Comparative Table

 
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On 25/05/2013, you requested for the version in force on 25/05/2013 incorporating all amendments published on or before 25/05/2013. The closest version currently available is that of 18/04/2013.
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Right to apply to High Court
18.
—(1)  If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of whether he is a participant, an operator or a settlement institution of the designated payment system, in contravention of a term or condition of the access regime that has been imposed under section 15(1) or 16(1), he may apply to the High Court for an order under subsection (2).
(2)  An applicant for an order under subsection (1) shall give to the Authority notice in writing of the application together with a copy of the application, and the Authority may apply to the High Court to be joined as a party to the proceedings.
(3)  If the High Court is satisfied that the person who determines access to a designated payment system, regardless of whether he is a participant, an operator or a settlement institution of the designated payment system, has contravened a term or condition of the access regime, the High Court may make —
(a)
an order directing the participant, operator or settlement institution, as the case may be, to comply with that term or condition of the access regime;
(b)
an order directing the participant, operator or settlement institution, as the case may be, to compensate any person who has suffered loss or damage as a result of the contravention; or
(c)
such other order as the High Court thinks fit.
(4)  The High Court may, upon an application by any person having a sufficient interest, or on its own motion, discharge or vary any order made under this section but no discharge or variation of any order shall be made by the High Court unless a reasonable opportunity has been given for the Authority to make representations to the High Court.