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The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018
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The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, Paragraph 55 is up to date with all changes known to be in force on or before 23 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 2 Paragraph 55:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
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55. In regulation 123 (interpretation of Part 10)—U.K.
(a)in the definition of “compliance failure”, in paragraph (a), for “directive” substitute “ qualifying ”;
(b)omit the definition of “directive requirement”;
(c)after the definition of “general guidance” insert—
““qualifying requirement” means an obligation, prohibition or restriction imposed by regulation 61 (information on ATM withdrawal charges) or Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts);”;
(d)in the definition of “regulated person”, for “directive” substitute “ qualifying ”.
Commencement Information
I1Sch. 2 para. 55 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)
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