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The Payment Services Regulations 2012
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- UK Statutory Instruments
- 2012 No. 1791
- Regulation 2
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Changes and effects yet to be applied to Regulation 2:
- Regulations power to modify conferred by 2023 c. 29 s. 3 Sch. 1 Pt. 2
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
- reg. 2 coming into force by S.I. 2012/1791 reg. 1(2)(b)
Prospective
Amendment of the Money Laundering Regulations 2007U.K.
This section has no associated Explanatory Memorandum
2. In regulation 30 (cancellation of registration in a register maintained under regulation 25) of the Money Laundering Regulations 2007(1), after paragraph (2) insert—
“(2A) The Commissioners may cancel the registration of a money service business in a register maintained under regulation 25(1)(b) where the money service business—
(a)is providing a payment service in the United Kingdom, or is purporting to do so;
(b)is not included in the register of payment service providers maintained by the Authority under regulation 4(1) of the Payment Service Regulations 2009; and
(c)is not a person mentioned in paragraphs (c) to (h) of the definition of a payment service provider in regulation 2(1) of the Payment Services Regulations 2009, or a person to whom regulation 3 or 121 of those Regulations applies.”.
Commencement Information
I1Reg. 2 in force at 1.10.2012, see reg. 1(2)(b)
(1)
S.I. 2007/2157; regulation 30 was amended by article 3 of, and paragraphs 168 and 170 of Schedule 2 to, S.I. 2009/56.
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