PART 5Regulation of payment systems
Enforcement and appeals
71Meaning of “compliance failure”
In this Part “compliance failure” means a failure by a participant in a regulated payment system to—
(a)
comply with a direction given under section 54, F1...
(b)
comply with a requirement imposed under section 55 or 56 F2; or
(c)
comply with rules made by the Regulator under paragraph 9A of Schedule 4.