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The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012, Section 19 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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19.—(1) The requirement imposed by Article 6(2) of the 2012 European Regulation that, by 1st February 2014, direct debits be carried out in accordance with Article 8(2) and (3) of that Regulation, does not apply until 1st February 2016 to direct debits which satisfy the conditions set out in Article 16(3) or (4) of that Regulation.
(2) The Authority shall waive, in respect of the direct debits referred to in paragraph (1), the requirements referred to in Article 16(7) of the 2012 European Regulation until 1st February 2016.
(3) In this regulation, “direct debit” has the meaning given in the 2012 European Regulation.
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