reg 16 Designation of alternative arrangements etc.
(1) Schedule 4 makes provision in connection with— (a) the designation of alternative arrangements; and (b) the powers of the Payment Systems Regulator over operators of switching services designated as alternative arrangements. (2) Schedule 5 makes provision in connection with— (a) fees connected with an alternative arrangement; (b) compensation for financial losses incurred by consumers switching accounts under an alternative arrangement; and (c) information relating to an alternative arrangement that a payment service provider must make available to consumers.