The Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015
This Order relates to paragraph 10 of Schedule 4 to the Financial Services (Banking Reform) Act 2013 (c. 33) (“the 2013 Act”), which requires the Payment Systems Regulator (“the Regulator”) established under the 2013 Act to pay to the Treasury the amounts it receives by way of penalties imposed under section 73 of the 2013 Act. The Regulator must make the payment after deducting its enforcement costs.