reg 31 Power of direction: procedure
(1) A direction given under regulation 30(1) takes effect— (a) immediately, if the notice given under paragraph (2) states that this is the case; or (b) on such date as may be specified in the notice. (2) If the Authority proposes to give a direction to a payment service provider (“A”) under regulation 30(1), or gives such a direction with immediate effect, it must give A written notice. (3) The notice must— (a) give details of the direction; (b) state the Authority’s reasons for giving the direction; (c) inform A that A may make representations to the Authority within such period as may be specified in the notice (whether or not A has referred the matter to the Tribunal); (d) inform A of when the direction takes effect; (e) inform A of the right to refer a matter to the Tribunal conferred by regulation 32. (4) The Authority may extend the period allowed under the notice for making representations. (5) The Authority must give A written notice if, having considered any representations made by P, the Authority decides— (a) to give the direction in the way proposed; (b) to rescind a direction that has been given and which took immediate effect; (c) not to rescind a direction that has been given and which took immediate effect; (d) not to give a direction that it had proposed to give; or (e) to give a different direction to the one that it had proposed to give. (6) A notice under paragraph (5)(a),(c) or (e) must inform A of A’s right to refer the matter to the Tribunal. (7) A notice given under paragraph (5)(e) must comply with paragraph (3). (8) Where a notice informs A of A’s right to refer a matter to the Tribunal, it must give an indication of the procedure on such a reference.