S.L. 376.8 Art. 38Power to issue directives.

(1) The competent authority may issue, amend, or revoke a directive to a payment service provider to take such steps as are necessary for the purposes of securing compliance with the requirements as set out in these regulations.

(2) A directive under sub-regulation (1) may, in particular, require the payment service provider to:

(a) take specified action;

(b) refrain from taking specified action;

(c) review or take remedial action in respect of past conduct.

(3) A payment service provider to which a directive under sub-regulation (1) is given shall comply with the directive.