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Financial Services (Banking Reform) Act 2013

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Changes over time for: Section 97A

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There are currently no known outstanding effects for the Financial Services (Banking Reform) Act 2013, Section 97A. Help about Changes to Legislation

[F197A.Technical standardsU.K.

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(1)This section, section 97B, section 97C and section 97D apply where a power for the Payment Systems Regulator to make technical standards is substituted for the power of an EU entity to make EU tertiary legislation (the “original EU power”) by regulations made under section 8 of the European Union (Withdrawal) Act 2018.

(2)The power to make technical standards includes power to modify, amend or revoke—

(a)any technical standards made by the Payment Systems Regulator under that power;

(b)any EU tertiary legislation made by an EU entity under the original EU power which forms part of [F2assimilated] law.

(3)Before making any technical standards in which the FCA, the PRA or the Bank of England has an interest (within the meaning of section 138P(5) of the Financial Services and Markets Act 2000), the Payment Systems Regulator must consult the regulator concerned.

(4)For the purposes of this section, “EU tertiary legislation” has the meaning given in section 14 of the European Union (Withdrawal) Act 2018.]

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