Sch. 2 para. 56 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)

http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/56/2020-12-31The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018texttext/xmlenStatute Law DatabaseEXITING THE EUROPEAN UNIONFINANCIAL SERVICES AND MARKETS2024-05-16Expert Participation2020-12-31These Regulations are made in exercise of the powers in section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (a), (b), (c), (e), (f) and (g) of section 8(2)) arising from the withdrawal of the United Kingdom from the European Union.The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018SCHEDULE 2Amendments of subordinate legislationPART 2Amendments of Payment Services Regulations 201756.(1)

Regulation 124 (functions of the Payment Systems Regulator) is amended as follows.

(2)

In paragraph (1), for the words from “is designated” to the end substitute “ has the functions and powers conferred on it by these Regulations ”.

(3)

In paragraph (2), omit the words from “, and to the extent” to “paragraph (1),”.

(4)

In paragraph (3), for “directive”, in both places, substitute “ qualifying ”.

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Sch. 2 para. 56 in force at 31.12.2020 on IP completion day (in accordance with
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<ref eId="cc00231" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
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