Financial Services and Markets Act 2023

72 U.K. In Schedule 6 (application and modification of legislation)—

(a) in paragraph 1, in the inserted text substituting section 66A of the 2000 Act—

(i) in subsection (1), the words from “a contravention” to the end become sub-paragraph (a), and

(ii) after that paragraph insert “or

(b) a contravention of a requirement imposed by or under section 312R of the 2000 Act by an authorised payment institution, small payment institution, or registered account information services provider.”;

(iii) for subsection (2) substitute—

“(2) “Relevant person” means—

(a) in relation to subsection (1)(a), any person responsible for the management of the payment service provider or, where relevant, any person responsible for the management of the payment service provider’s payment services activities, or

(b) in relation to subsection (1)(b), any person responsible for the management of the authorised payment institution, small payment institution, or registered account information services provider or, where relevant, any person responsible for the management of the authorised payment institution’s, small payment institution’s, or registered account information services provider’s payment services activities.”;

(b) in paragraph 4(e), in the inserted subsection (1)(c), after “2017” insert “or section 312R”.

Commencement Information

I1 Sch. 2 para. 72 not in force at Royal Assent, see s. 86(3)

I2 Sch. 2 para. 72 in force at 29.8.2023 by S.I. 2023/779, reg. 4(zz)(iv)