For the purposes of this Chapter—

• “registering authority” means—

  1. a

     the FCA, in relation to—

     1. i

        those relevant persons which it is required to register under regulation 54(1); and

     2. ii

        those relevant persons it decides to register under regulation 55(1);

  2. b

     the Commissioners, in relation to—

     1. i

        those relevant persons which they are required to register under regulation 54(2); and

     2. ii

        those relevant persons they decide to register under regulation 55(3);

• “telecommunication, digital and IT payment service provider” means an undertaking which provides payment services F1consisting of the execution of payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunication, digital or IT device and the payment is made to the telecommunication, IT system or network operator acting only as an intermediary between the payment service user and the supplier of the goods and services (and terms used in this definition which are defined in the Payment Services Regulations 2017 have the meanings given in those Regulations).