PART 8Access to payment systems and bank accounts
Access to bank accounts105
1
A credit institution must—
a
grant payment service providers of the types referred to in paragraphs (a) to (f) of the definition of “payment service provider” in regulation 2(1), and applicants for authorisation or registration as such payment service providers, access to payment accounts services on an objective, non-discriminatory and proportionate basis;
b
when a payment service provider of a type mentioned in sub-paragraph (a) enquires about such access, include in the response to the enquiry the criteria that the credit institution applies when considering requests for such access; and
c
maintain arrangements to ensure that those criteria are applied in a manner which ensures compliance with sub-paragraph (a).
2
Access to payment accounts services granted to a payment service provider pursuant to paragraph (1) must be sufficiently extensive to allow the payment service provider to provide payment services in an unhindered and efficient manner.
3
If a credit institution refuses a request for access to such services from a payment service provider of the types mentioned in paragraph (1)(a), or withdraws access to such services for such a payment service provider, it must notify the FCA.
4
A notification under paragraph (3) must—
a
contain duly motivated reasons for the refusal or the withdrawal of access; and
b
contain such information, and be provided in such form and manner and within such period following the refusal or withdrawal of access, as the FCA may direct.
5
The FCA must provide the reasons received under paragraph (4) to the Payment Systems Regulator, unless the Payment Systems Regulator informs the FCA that it does not wish to receive them.