In this Part—

• “the 2013 Act” means the Financial Services (Banking Reform) Act 201357;

• “compliance failure” means a failure by a regulated person to comply with—

  1. a

     a directive requirement; or

  2. b

     a direction given under regulation 125;

• “directive requirement” means an obligation, prohibition or restriction imposed by regulation 61 (information on ATM withdrawal charges) or Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts);

• “general direction” has the meaning given in regulation 125(5);

• “general guidance” has the meaning given in regulation 134(2);

• “regulated person” means a person on whom a directive requirement is imposed.