The Payment Services Regulations 2017

FCA's exemption from liability in damagesU.K.

This section has no associated Explanatory Memorandum

121.  The functions of the FCA under these Regulations are to be treated for the purposes of paragraph 25 (exemption from liability in damages) of Part 4 of Schedule 1ZA to the 2000 Act M1 as functions conferred on the FCA under that Act.

Marginal Citations

M1Paragraph 25 was amended by section 109 of the Financial Services (Banking Reform) Act 2013.