PART 7Transfer of Funds (Information on the Payer) Regulations

Transfer of funds supervisory authorities62

1

The FCA is the transfer of funds supervisory authority for payment service providers, who are—

a

authorised persons;

b

authorised payment institutions under the Payment Services Regulations F12017 which are not included in the register maintained by the Commissioners under regulation 54(2);

c

registered small payment institutions under the Payment Services Regulations F22017 which are not included in the register maintained by the Commissioners under regulation 54(2);

d

authorised electronic money institutions under the Electronic Money Regulations 2011 M1; or

e

registered small electronic money institutions under the Electronic Money Regulations 2011.

2

The Commissioners are the transfer of funds supervisory authority for payment service providers who do not come within paragraph (1).