The Payment Card Interchange Fee Regulations 2015

PART 1Introductory provisions

1Citation and commencement

2Interpretation

PART 2The Payment Systems Regulator

5Publication of compliance failures etc

7Warning notices

9Appeals: general

10Appeals against directions and publication of compliance failures

11Appeals in relation to penalties

12Payees' complaints and dispute resolution

14Information and investigation

15Application of other provisions of the 2013 Act

PART 3The Financial Conduct Authority

16Designation as a competent authority

17Amendment of the Payment Services Regulations 2009

PART 4General enforcers under Part 8 of the Enterprise Act 2002

18Amendment of the Enterprise Act 2002

PART 5Co-operation between regulators

19Amendment of the 2013 Act

20Co-operation between the Payment Systems Regulator and general enforcers

21Co-operation with competent authorities in other Member States

PART 6Transitional relief from requirements of the interchange fee regulation

22Exemption from maximum interchange fees for certain three party payment card schemes

23Weighted average interchange fees for UK debit card transactions

2015 No. 1911

Financial Services And Markets

The Payment Card Interchange Fee Regulations 2015

Made16th November 2015

Laid before Parliament17th November 2015

Coming into force9th December 2015

The Treasury are a government department designated M1 for the purposes of section 2(2) of the European Communities Act 1972 M2 in relation to financial services.

The Treasury make these Regulations in exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972.

Annotations:

Marginal Citations

M1

S.I. 2012/1759.

M2

1972 c. 68. Section 2(2) was amended by section 27(1)(a) of the Legislative and Regulatory Reform Act 2006 (c. 51) and the European Union (Amendment) Act 2008 (c. 7), Schedule, Part 1. By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51) legislation may be made under section 2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17th March 1992 (Cm 2183).