The Payment Accounts Regulations 2015 No. 2038

SCHEDULE 7Application and modification of legislation

PART 2Application and modification of secondary legislation

The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001

8. The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001(1) apply to any notice given by or to the Authority under these Regulations as they apply to relevant documents within the meaning of regulation 1(2)(2) of those Regulations with the following modifications—

(a)references to an investigating authority apply as if they are references to the Authority; and

(b)regulation 6A is omitted.

The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

9. The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001(3) apply with the following modifications—

(a)in regulation 2(4)—

(i)after the definition of “overseas regulatory authority” insert—

““Payment Accounts Directive” means Directive 2014/92/EU of the European Parliament and of the Council of 23rd July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features;

“payment accounts directive information” means confidential information received by the Authority in the course of discharging its functions as the competent authority under the Payment Accounts Directive;”;

(ii)in the definition of “single market restrictions”, after paragraph (m) add—

“(n)Articles 21(2) and 22 of the Payment Accounts Directive;”;

(b)in regulation 8(5)—

(i)at the end of paragraph (c) omit “and”; and

(ii)at the of paragraph (d) insert—

“; and

(e)payment accounts directive information.”; and

(c)in regulation 11(6), after paragraph (g) insert—

“(h)payment accounts directive information.”.

(1)

S.I. 2001/1420.

(2)