PART 3 U.K.The Financial Conduct Authority
Designation as a competent authorityU.K.
F116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Reg. 16 omitted (31.12.2020) by virtue of The Interchange Fee (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/284), regs. 1(2), 2(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
Amendment of the Payment Services Regulations 2009U.K.
17.—(1) The Payment Services Regulations 2009 M1 are amended as follows.
(2) After regulation 80 (functions of the Authority) insert—
“Application of this Part to requirements of the Interchange Fee Regulation
80A.—(1) For the purposes of this Part with the exception of regulation 92A and Schedule 4A—
(a)the requirements imposed on payment services providers by Articles 8(2), 9(2) and 12 of the interchange fee regulation are to be treated as if they were included in Part 5 of these Regulations, and
(b)the requirements imposed on payment services providers by Articles 8(5) and (6), 9(1), 10(1) and (5) and 11 of the interchange fee regulation are to be treated as if they were included in Part 6 of these Regulations.
(2) In paragraph (1) “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.”.
(3) In paragraph 10 of Schedule 5 (application and modification of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001)—
(a)for sub-paragraph (a)(i) substitute—
“(i)in the definition of “EEA competent authority” after “single market directives” insert “ , the payment services directive, Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions ”;”
(b)after sub-paragraph (a)(iii) insert—
“(iv)in the definition of “single market restrictions” after paragraph (m) insert—
“(n)article 22 of the payment services directive;”;”;
(c)for sub-paragraph (e)(i) substitute—
“(i)in paragraph (1) after “paragraphs” insert “ (1B) ”;”;
(d)in sub-paragraph (e)(ii)—
(i)for “(3B)” substitute “ (1A) ”;
(ii)renumber the inserted paragraph (4) as paragraph (1B); and
(iii)in that inserted paragraph, for “Part 5” substitute “ Part 4A ”; and
(e)in sub-paragraph (h), renumber the inserted Part 5 as Part 4A.
Marginal Citations