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The Payment Card Interchange Fee Regulations 2015
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- UK Statutory Instruments
- 2015 No. 1911
- PART 5
- Regulation 19
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The Payment Card Interchange Fee Regulations 2015, Section 19 is up to date with all changes known to be in force on or before 25 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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- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Amendment of the 2013 ActU.K.
This section has no associated Explanatory Memorandum
19. In section 98 of the 2013 Act (duty of regulators to ensure co-ordinated exercise of functions)—
(a)in subsection (5)—
(i)in paragraph (a), after “this Part” insert “ or Part 2 of the Payment Card Interchange Fee Regulations 2015 ”;
(ii)in paragraph (c), after “(see section 1A(6) of that Act)” insert “ or Part 3 of the Payment Card Interchange Fee Regulations 2015 ”;
(b)in subsection (6)—
(i)in paragraph (a), after “payment systems objectives” insert “ and ensuring compliance with the interchange fee regulation (see Part 2 of the Payment Card Interchange Fee Regulations 2015) ”;
(ii)in paragraph (c), after “FSMA 2000” insert “ and ensuring compliance with Articles 8(2), (5) and (6), 9, 10(1) and (5), 11 and 12 of the interchange fee regulation (see Part 3 of the Payment Card Interchange Fee Regulations 2015) ”;
(c)after subsection (6) insert—
“(7) In subsection (6) “the interchange fee regulation” means Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions.”.
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