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The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018

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The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018, Section 11 is up to date with all changes known to be in force on or before 06 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Amendments of the Payment Card Interchange Fee Regulations 2015U.K.

This section has no associated Explanatory Memorandum

11.—(1) The Payment Card Interchange Fee Regulations 2015 are amended as follows.

(2) In regulation 3—

(a)in paragraph (2)—

(i)for sub-paragraph (a), substitute—

(a)determine whether regulated persons comply in the United Kingdom with obligations, prohibitions and restrictions imposed on them by—

(i)the interchange fee regulation, read together with regulations 22 (weighted average interchange fees for domestic debit card transactions) and 23 (exemption from maximum interchange fees for certain three party payment card schemes); or

(ii)a technical standard made under section 97A of the 2013 Act;

(b)in paragraph (5)—

(i)at the end of sub-paragraph (a), omit “and”;

(ii)at the end of sub-paragraph (b), insert—

(c)the function of making technical standards under section 97A of the 2013 Act; and

(d)the function of making EU Exit instruments under the Financial Regulators' Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations 2018.

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