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This is the original version (as it was originally made).
Disciplinary powers
This section has no associated Explanatory Memorandum
1. Sections 66 (disciplinary powers) to 70 (statements of policy: procedure) of the 2000 Act() apply but as if for section 66A (misconduct: action by the FCA) there were substituted—
“66A.—(1) For the purposes of action by the FCA, a person is guilty of misconduct if, while a relevant person, the person has been knowingly concerned in a contravention of the Payment Services Regulations 2017 by a payment service provider.
(2) “Relevant person” means any person responsible for the management of the payment service provider or, where relevant, any person responsible for the management of the payment service provider’s payment services activities.”.
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