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SCHEDULE 2U.K.Amendments of subordinate legislation

PART 2U.K.Amendments of Payment Services Regulations 2017

56.—(1) Regulation 124 (functions of the Payment Systems Regulator) is amended as follows.U.K.

(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 ”.

Commencement Information

I1Sch. 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)