- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 No. 1201
17.—(1) Regulation 71 (duty to co-operate and exchange information) is amended as follows.
(2) In paragraph (1)—
(a)omit sub-paragraph (a);
(b)for sub-paragraphs (b) to (d) substitute—
“(b)the Bank of England; and
(c)any other public authorities which exercise functions that are relevant to electronic money issuers,”;
(c)for the words from “under the electronic” to the end substitute “under these Regulations and other relevant legislation”.
(3) In paragraph (2)—
(a)in sub-paragraph (a), for “(1)(a), (c) and (d)” substitute “(1)(c)”;
(b)for sub-paragraph (b) substitute—
“(b)the Bank of England when acting in its capacity as monetary and oversight authority;”;
(c)for the words from “under the electronic” to the end substitute “under these Regulations and other relevant legislation”.
(4) Omit paragraph (3).
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