PART 5 U.K.Co-operation between regulators
Amendment of the 2013 ActU.K.
19. In section 98 of the 2013 Act (duty of regulators to ensure co-ordinated exercise of functions)—
(a)in subsection (5)—
(i)in paragraph (a), after “this Part” insert “ or Part 2 of the Payment Card Interchange Fee Regulations 2015 ”;
(ii)in paragraph (c), after “(see section 1A(6) of that Act)” insert “ or Part 3 of the Payment Card Interchange Fee Regulations 2015 ”;
(b)in subsection (6)—
(i)in paragraph (a), after “payment systems objectives” insert “ and ensuring compliance with the interchange fee regulation (see Part 2 of the Payment Card Interchange Fee Regulations 2015) ”;
(ii)in paragraph (c), after “FSMA 2000” insert “ and ensuring compliance with Articles 8(2), (5) and (6), 9, 10(1) and (5), 11 and 12 of the interchange fee regulation (see Part 3 of the Payment Card Interchange Fee Regulations 2015) ”;
(c)after subsection (6) insert—
“(7) In subsection (6) “the interchange fee regulation” means Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions.”.
Co-operation between the Payment Systems Regulator and general enforcersU.K.
20. The Payment Systems Regulator and general enforcers, as defined in section 213(1) of the Enterprise Act 2002 , must take such steps as they consider appropriate to co-operate with each other for the purposes of the exercise of their functions in relation to Article 10(4) of the interchange fee regulation.
Co-operation with competent authorities in other Member StatesU.K.
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