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Citation and commencementU.K.

1.—(1) These Regulations may be cited as the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018.

(2) Except as provided by paragraph (3), these regulations come into force on the day after the day on which they are made.

(3) Regulations 2 and 3(1) and Schedules 1 and 2 come into force on exit day.

Valid from 31/12/2020

Amendments of primary legislationU.K.

2.  Schedule 1 contains amendments of primary legislation.

Commencement Information

I1Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Amendments of subordinate legislation and related transitional provisionsU.K.

3.—(1) Schedule 2 contains amendments of subordinate legislation.

(2) Schedule 3 contains transitional provisions related to those amendments.

Commencement Information

I2Reg. 3(2) in force at 20.11.2018, see reg. 1(2)

Saving provision relating to taxU.K.

4.  For the purposes of an enactment relating to taxation—

(a)the provision made by these Regulations is to be treated as not having been made, and

(b)where, by virtue of these Regulations, a person ceases to be a person of a particular description, the person is to be treated as continuing to be a person of that description.

Rebecca Harris

Paul Maynard

Two of the Lords Commissioners of Her Majesty's Treasury