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).