SCHEDULE 2Amendments of subordinate legislation
PART 2Amendments of Payment Services Regulations 2017
I133
1
Regulation 34 (use of agents) is amended as follows.
2
Omit paragraph (2).
3
In paragraph (3)(a)(ii), for the words from “money laundering directive” to the end substitute “
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
”
.
4
Omit paragraph (6).
5
In paragraph (7)(c)(i), for the words from “money laundering directive” to “2017)” substitute “
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
”
.
6
Omit paragraph (10).
7
For paragraph (11) substitute—
11
The FCA must give any notice required by paragraph (9) within a period of two months beginning on the date on which the FCA received the completed application.
8
Omit paragraph (14).