9. In regulation 19(15) of the Payment Services Regulations 2009 M1 (safeguarding requirements), in the definition of “authorised custodian”—
(a)for “Directive 2004/39/EC of 12th April 2004” substitute “ Directive 2014/65/EU of 15th May 2014 ”;
(b)for “Article 13” substitute “ Article 16 ”.
Marginal Citations
M1S.I. 2009/209; there are amendments to regulation 19(15) but none is relevant to these Regulations.