The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 No. 1201

SCHEDULE 2 Amendments of subordinate legislation

PART 1 Amendments of Electronic Money Regulations 2011

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).