The Interchange Fee (Amendment) (EU Exit) Regulations 2018

Final provisions

11.—(1) Omit the following provisions—

(a) Article 13 (competent authorities);

(b) Article 14 (penalties);

(c) Article 15 (settlement, out of court complaints and redress procedures).

(2) In Article 16 (universal cards)—

(a) in paragraph 1, for “domestic” substitute “UK”;

(b) omit paragraph 2.

(3) After Article 16 insert—

“Article 16A Treasury regulations

1.   Any power of the Treasury to make regulations under this Regulation is exercisable by statutory instrument.

2.   The regulations may—

(a) contain incidental, supplemental, consequential and transitional provision, and

(a) make different provision for different purposes.

3.   A statutory instrument containing regulations made by the Treasury under this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.”

(4) Omit Article 17 (review clause) and Article 18 (entry into force).

(5) After Article 18, omit the words from “This Regulation shall be binding” to “Member States”.