39.—(1) Regulation 66 (charges) is amended as follows.U.K.
(2) In paragraph (2), for “EEA” substitute “ United Kingdom ”.
(3) After paragraph (2) insert—
“(2A) Where, in respect of payment transaction in euro executed under a payment scheme which operates across the qualifying area, both the payer's and the payee's payment service providers are, or the only payment service provider is, in the United Kingdom the respective payment service providers must ensure that—
(a)the payee pays any charges levied by the payee's payment service provider; and
(b)the payer pays any charges levied by the payer's payment service provider.”
(4) After paragraph (3) insert—
“(4) In paragraph (2A)—
(a)“payment service provider” includes any person who is a PSP as defined in Article 2(8B) of the SEPA regulation;
(b)“the qualifying area” means the area of the United Kingdom and the EEA States.”
Commencement Information
I1Sch. 2 para. 39 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)