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Changes over time for:
PART 1


Timeline of Changes
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No versions valid at: 13/10/2017
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Point in time view as at 13/10/2017. This version of this part contains provisions that are not valid for this point in time.

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Changes to legislation:
The Payment Services Regulations 2017,
PART 1
is up to date with all changes known to be in force on or before 14 May 2025. 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.

Changes to Legislation
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Valid from 13/01/2018
PART 1 U.K.Payment services
1. Subject to Part 2, the following, when carried out as a regular occupation or business activity, are payment services—U.K.
(a)services enabling cash to be placed on a payment account and all of the operations required for operating a payment account;
(b)services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;
(c)the execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider—
(i)execution of direct debits, including one-off direct debits;
(ii)execution of payment transactions through a payment card or a similar device;
(iii)execution of credit transfers, including standing orders;
(d)the execution of payment transactions where the funds are covered by a credit line for a payment service user—
(i)execution of direct debits, including one-off direct debits;
(ii)execution of payment transactions through a payment card or a similar device;
(iii)execution of credit transfers, including standing orders;
(e)issuing payment instruments or acquiring payment transactions;
(f)money remittance;
(g)payment initiation services;
(h)account information services.
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