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Financial Services (Banking Reform) Act 2013
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Changes over time for: Section 97A
Version Superseded: 01/01/2024
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- 26/10/2018- Amendment
- 26/10/2018
Point in time - 01/01/2024- Amendment
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[F197A.Technical standardsU.K.
This section has no associated Explanatory Notes
(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 retained EU 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.]
Textual Amendments
F1Ss. 97A-97D and cross-heading inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 10(4)
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