1. For the purposes of Part 9 of these Regulations, “relevant requirement” means—U.K.
(a)a requirement imposed by the funds transfer regulation specified—
(i)in relation to a payment service provider of a payer, in paragraph 2;
(ii)in relation to a payment service provider of a payee, in paragraph 3;
(iii)in relation to the payment service provider of an intermediary, in paragraph 4.
(b)a requirement imposed (otherwise than on supervisory authorities, registering authorities or auction platforms) in or under the regulations specified in paragraphs 5 to 13;
(c)the following requirements imposed on auction platforms—
(i)the customer due diligence requirements in [F1regulation 17 of the UK auctioning regulations];
(ii)the monitoring and record keeping requirements of [F2regulation 37 of the UK auctioning regulations]; or
(iii)the requirements imposed in regulations 18 to 21 or 24 of these Regulations;
(iv)any requirement imposed under regulations 66, 69(2), 70(7), 77(2) and (6) or 78(2) or (5) of these Regulations.
Textual Amendments
F1Words in Sch. 6 para. 1(c)(i) substituted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 8(6)(a)
F2Words in Sch. 6 para. 1(c)(ii) substituted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 8(6)(b)