Supplementary provisionsU.K.
19. Regulations 7 to 12 apply to registration as an account information service provider as they apply to authorisation as a payment institution, but as if—
(a)references to authorisation were references to registration;
(b)in regulation 7 (imposition of requirements), paragraph (4) were omitted;
(c)in regulation 8 (variation at request of authorised payment institution)—
(i)for “an authorised payment institution” there were substituted “ registered account information service provider ”;
(ii)paragraphs (a) and (b) were omitted; and
(iii)for “provided that” to the end there were substituted “ provided that the conditions set out in regulation 18(3) and (4) are being or are likely to be met. ”;
(d)in regulation 10(1) (cancellation of authorisation) for sub-paragraph (e) there were substituted—
“(e)the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4);”; and
(e)in regulation 12(1) (variation of authorisation on FCA's own initiative) for sub-paragraph (a) there were substituted—
“(a)the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4);”.