Amendments of Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012U.K.
3.—(1) The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 M1 are amended as follows.
(2) In regulation 2 (interpretation), in paragraph (1)—
[F1(a)in the definition of “the 2009 European Regulation”, for “2009 European” substitute “2009”;]
(b)in the definition of “the 2012 European Regulation”, for “2012 European” substitute “ 2012 ”;
[F2(c)for the definition of “the European Regulations” substitute—
““the Regulations” means the 2009 Regulation or the 2012 Regulation;”]
[F3(3) In regulations 4 to 18—
(a)for “European Regulations” each time it appears, substitute “Regulations”;
(b)for “2012 European Regulation” each time it appears, substitute “2012 Regulation”.]
F4(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) Omit the following provisions—
(a)in regulation 15 (guidance), paragraph (1)(a);
(b)regulation 17 (exchange of information);
(c)in regulation 18 (civil proceedings), paragraph (1);
(d)regulation 19 (derogations under the 2012 European Regulation).
Textual Amendments
F1Reg. 3(2)(a) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 45(2)(a)
F2Reg. 3(2)(c) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 45(2)(b)
F3Reg. 3(3) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 45(3)
F4Reg. 3(4) omitted (31.12.2020 immediately before IP completion day) by virtue of The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 45(4)
Commencement Information
I1Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1), see reg. 1(2)
Marginal Citations