http://www.legislation.gov.uk/ukpga/2013/33/section/67/2015-04-01Financial Services (Banking Reform) Act 2013An Act to make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certain deposits to be treated as a preferential debt on insolvency; to make further provision about payment systems and securities settlement systems; to make provision about the accounts of the Bank of England and its wholly owned subsidiaries; to make provision in relation to persons providing claims management services; and for connected purposes.texttext/xmlenStatute Law Database2024-09-06Expert Participation2015-04-01 PART 5 Regulation of payment systems<Emphasis>Regulatory and competition functions</Emphasis>Amendments relating to Regulator's competition powers671In section 9E of the Company Directors Disqualification Act 1986 (interpretation of sections 9A to 9D), in subsection (2), after paragraph (f) insert—gthe Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.2In section 54 of the Competition Act 1998 (regulators), in subsection (1), omit the “and” at the end of paragraph (g) and after paragraph (h) insert—ithe Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.3In section 136 of the Enterprise Act 2002 (investigations and reports on market investigation references)—ain subsection (7), at the end insert—jin relation to the Payment Systems Regulator, section 59 of the Financial Services (Banking Reform) Act 2013.;bin subsection (8), for “or Monitor” substitute “ , Monitor or the Payment Systems Regulator. ”;cat the end insert—10In this section “the Payment Systems Regulator” means the body established under section 40 of the Financial Services (Banking Reform) Act 2013.4In section 52(4) of the Enterprise and Regulatory Reform Act 2013 (power to remove concurrent competition functions of sectoral regulators), after paragraph (f) insert—gthe Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.5In Schedule 4 to the Enterprise and Regulatory Reform Act 2013 (the Competition and Markets Authority), in paragraph 16 (concurrency report), at the end of sub-paragraph (7) insert—hthe Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.S. 67(3)(4)(5) in force at 1.4.2014 by S.I. 2014/823, art. 2(g)S. 67(2) in force at 1.11.2014 for specified purposes by S.I. 2014/2458, art. 2(a)(ii)S. 67(1) in force at 1.4.2015 by S.I. 2014/2458, art. 3(b)(iii)S. 67(2) in force at 1.4.2015 in so far as not already in force by S.I. 2014/2458, art. 3(b)(iii)
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<Text>In section 9E of the Company Directors Disqualification Act 1986 (interpretation of sections 9A to 9D), in subsection (2), after paragraph (f) insert—</Text>
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In this section “
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<CommentaryRef Ref="key-4f5935b0350e6432cee51c1377e72217"/>
5
</Pnumber>
<P2para>
<Text>In Schedule 4 to the Enterprise and Regulatory Reform Act 2013 (the Competition and Markets Authority), in paragraph 16 (concurrency report), at the end of sub-paragraph (7) insert—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default">
<P3>
<Pnumber>h</Pnumber>
<P3para>
<Text>the Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.</Text>
</P3para>
</P3>
</BlockAmendment>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Pblock>
</Part>
</Body>
</Primary>
<Commentaries>
<Commentary id="key-4f5935b0350e6432cee51c1377e72217" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="section-67-3" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/3" id="cygv07591-00011">S. 67(3)</CitationSubRef>
<CitationSubRef SectionRef="section-67-4" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/4" id="cygv07591-00012">(4)</CitationSubRef>
<CitationSubRef SectionRef="section-67-5" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/5" id="cygv07591-00013">(5)</CitationSubRef>
in force at 1.4.2014 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/823" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="823" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 4) Order 2014" id="cygv07591-00014">S.I. 2014/823</Citation>
,
<CitationSubRef SectionRef="article-2-g" URI="http://www.legislation.gov.uk/id/uksi/2014/823/article/2/g" CitationRef="cygv07591-00014" Operative="true" id="cygv07591-00015">art. 2(g)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-fceaa4762b2852d3d39b44c3349c104b" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="section-67-2" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/2" id="chz4goxh2-00016">S. 67(2)</CitationSubRef>
in force at 1.11.2014 for specified purposes by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/2458" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="2458" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 6) Order 2014" id="chz4goxh2-00017">S.I. 2014/2458</Citation>
,
<CitationSubRef SectionRef="article-2-a-ii" URI="http://www.legislation.gov.uk/id/uksi/2014/2458/article/2/a/ii" CitationRef="chz4goxh2-00017" Operative="true" id="chz4goxh2-00018">art. 2(a)(ii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-8d288e0bd67141bbfbf7611004b19e80" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="section-67-1" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/1" id="clz5cgyb2-00034">S. 67(1)</CitationSubRef>
in force at 1.4.2015 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/2458" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="2458" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 6) Order 2014" id="clz5cgyb2-00035">S.I. 2014/2458</Citation>
,
<CitationSubRef SectionRef="article-3-b-iii" URI="http://www.legislation.gov.uk/id/uksi/2014/2458/article/3/b/iii" CitationRef="clz5cgyb2-00035" Operative="true" id="clz5cgyb2-00036">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-983084eefb9b6302bde5b456b295eb52" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="section-67-2" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/67/2" id="clz5cgyb2-00043">S. 67(2)</CitationSubRef>
in force at 1.4.2015 in so far as not already in force by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/2458" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="2458" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 6) Order 2014" id="clz5cgyb2-00044">S.I. 2014/2458</Citation>
,
<CitationSubRef SectionRef="article-3-b-iii" URI="http://www.legislation.gov.uk/id/uksi/2014/2458/article/3/b/iii" CitationRef="clz5cgyb2-00044" Operative="true" id="clz5cgyb2-00045">art. 3(b)(iii)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>