Part 5... Payment Systems and service providers

Miscellaneous

203Fees

(1)

The Bank of England may require operators of recognised F1... payment systems F2, recognised DSA service providers, F3, and service providers in relation to such systems F4or such DSA service providers, to pay fees.

(2)

A requirement under subsection (1) must relate to a scale of fees approved by the Treasury by regulations.

(3)

Regulations under subsection (2)—

(a)

shall be made by statutory instrument, and

(b)

shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4)

A requirement under subsection (1) may be enforced by the Bank as a debt.