13.—(1) Regulation 34 (requirement for agents to be registered) is amended as follows.U.K.
(2) Omit paragraph (2).
(3) In paragraph (3)(a)—
(a)in paragraph (ii), for the words from “by the agent” to the end substitute “ by the agent to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 M1 ”;
(b)in paragraph (iii), omit “or an EEA authorised electronic money institution”.
(4) Omit paragraph (5A).
(5) In paragraph (6)(c)(i), for the words from “money laundering directive” to “Regulations 2017)” substitute “ Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.
(6) Omit paragraph (10A).
(7) In paragraph (10B), for the words from “and (10A)” to the end substitute “ within a period of two months beginning on the date on which the Authority received the completed application ”.
(8) Omit paragraph (12A).
Commencement Information
I1Sch. 2 para. 13 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)
Marginal Citations