22.—(1) In this Part—
“Annex I financial institution” means any undertaking which falls within regulation 3(3)(a) other than—
“consumer credit financial institution” means any undertaking which falls within regulation 3(3)(a) and which requires, under section 21 of the Consumer Credit Act 1974 M1 (businesses needing a licence), a licence to carry on a consumer credit business, other than—
(2) In paragraph (1), “consumer credit business” has the meaning given by section 189(1) of the Consumer Credit Act 1974 (definitions) and, on the entry into force of section 23(a) of the Consumer Credit Act 2006 M2 (definitions of “consumer credit business” and “consumer hire business”), has the meaning given by section 189(1) of the Consumer Credit Act 1974 as amended by section 23(a) of the Consumer Credit Act 2006.
Textual Amendments
F1Word in reg. 22(1) omitted (1.11.2009) by virtue of The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(c), Sch. 6 para. 6(c)(i)
F2Words in reg. 22(1) inserted (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(c), Sch. 6 para. 6(c)(i)
F3Word in reg. 22(1) omitted (1.11.2009) by virtue of The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(c), Sch. 6 para. 6(c)(ii)
F4Words in reg. 22(1) inserted (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(c), Sch. 6 para. 6(c)(ii)
Marginal Citations