Payment Services Act 2019 · 2020 Revised Edition · Part 5 · Emergency Powers
83. Remuneration and expenses of Authority and others in certain cases
Feedback & supportThe Authority may at any time fix the remuneration and expenses to be paid by a payment entity —
to a statutory adviser or statutory manager appointed in relation to the payment entity, whether or not the appointment has been revoked; and
statutory adviser
“statutory adviser” means a statutory adviser appointed under section 78(2)(b);
where the Authority has assumed control of the relevant business of a payment entity, to the Authority and any person appointed by the Authority under section 4 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.
relevant business
“relevant business”, in relation to a payment entity, means any business of that payment entity —(a)in relation to which a statutory adviser has been appointed under section 78(2)(b);(b)in relation to which a statutory manager has been appointed under section 78(2)(c); or(c)that the Authority has assumed control of under section 78(2)(c);