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The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012

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4.  Sections 348, 349 and 352 of the 2000 Act apply with the following modifications—

(a)in section 348—

(i)in subsection (2)(b) for the words from “, the [F1PRA]” to the end substitute “ under the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012. ”;

(ii)in subsection (3)(a) for “this Act” substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(iii)in subsection (5)—

(aa)for “this Part”, substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(bb)omit paragraphs [F2(aa)] and (c);

[F3(cc)for paragraph (d), substitute—

“(d)a person appointed to make a report under section 166 or 166A;”;]

(dd)in paragraph (e) for “paragraphs (a) to (c)” substitute “ paragraph (a) ”; and

(ee)in [F4paragraphs (ea) and (f)], for “those paragraphs” substitute “ that paragraph ”;

[F5(iv)for subsection (6) substitute—

“(6) In subsection (5)(f), “expert” includes any body or person appointed under regulation 4(2) of the Payment in Euros (Credit Transfers and Direct Debits) Regulations 2012.”;]

(b)in section 349 omit subsections (3A) and (3B).

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