http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31The 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 Participation2020-12-31 These 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. SCHEDULE 2Amendments of subordinate legislationPART 1Amendments of Electronic Money Regulations 201191Regulation 25 (accounting and statutory audit) is amended as follows.2In paragraph (2), for the words from “statutory auditors” to the end substitute “ statutory auditor ”.3In paragraph (3), omit “or audit firm”.4At the end insert—6In this regulation “statutory auditor” has the same meaning as in Part 42 of the Companies Act 2006 (see section 1210 of that Act).Sch. 2 para. 9 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)2006 c. 46.
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201" NumberOfProvisions="136" RestrictEndDate="2023-07-11" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictStartDate="2020-12-31" RestrictExtent="E+W+S+N.I.">
<ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
<dc:identifier>http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31</dc:identifier>
<dc:title>The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018</dc:title>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:subject scheme="SIheading">EXITING THE EUROPEAN UNION</dc:subject>
<dc:subject scheme="SIheading">FINANCIAL SERVICES AND MARKETS</dc:subject>
<dc:modified>2024-05-16</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2020-12-31</dct:valid>
<dc:description>These 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.</dc:description>
<atom:link rel="self" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/uksi/2018/1201/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/impacts" href="http://www.legislation.gov.uk/uksi/2018/1201/impacts" title="Impact Assessments"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum" href="http://www.legislation.gov.uk/uksi/2018/1201/memorandum" title="Explanatory Memorandum"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum/toc" href="http://www.legislation.gov.uk/uksi/2018/1201/memorandum/contents" title="Explanatory Memorandum Table of Contents"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/uksi/2018/1201/2020-12-31" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/uksi/2018/1201/introduction/2020-12-31" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/uksi/2018/1201/signature/2020-12-31" title="signature"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/uksi/2018/1201/note/2020-12-31" title="note"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/uksi/2018/1201/body/2020-12-31" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/uksi/2018/1201/schedules/2020-12-31" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/uksi/2018/1201/contents/2020-12-31" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/made" title="made"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9" title="current"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/supersedes" href="http://www.legislation.gov.uk/id/ukdsi/2018/9780111173008" title="The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/2020-12-31" title="Schedule 2"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/8/2020-12-31" title="Paragraph; Schedule 2 Paragraph 8"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/8/2020-12-31" title="Paragraph; Schedule 2 Paragraph 8"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/10/2020-12-31" title="Paragraph; Schedule 2 Paragraph 10"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/10/2020-12-31" title="Paragraph; Schedule 2 Paragraph 10"/>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="revised"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="2018"/>
<ukm:Number Value="1201"/>
<ukm:Made Date="2018-11-19"/>
<ukm:ISBN Value="9780111174951"/>
<ukm:UnappliedEffects>
<ukm:UnappliedEffect AffectedURI="http://www.legislation.gov.uk/id/uksi/2018/1201" AffectedYear="2018" AffectedNumber="1201" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2023/29" AffectingNumber="29" AffectingProvisions="Sch. 1 Pt. 2" AffectingYear="2023" AffectedProvisions="Regulations" AffectedClass="UnitedKingdomStatutoryInstrument" Type="revoked" Modified="2024-11-05T10:37:54Z" Row="1867" RequiresApplied="true" EffectId="key-8cc249d75de3baba8e8562668c36594a" URI="http://www.legislation.gov.uk/id/effect/key-8cc249d75de3baba8e8562668c36594a">
<ukm:AffectedTitle>The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018</ukm:AffectedTitle>
<ukm:AffectedProvisions>Regulations</ukm:AffectedProvisions>
<ukm:AffectingTitle>Financial Services and Markets Act 2023</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-1" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/1">Sch. 1 </ukm:Section>
<ukm:Section Ref="schedule-1-part-2" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/1/part/2">Pt. 2</ukm:Section>
</ukm:AffectingProvisions>
<ukm:Savings>
<ukm:Section Ref="section-1-4" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/1/4">s. 1(4)</ukm:Section>
</ukm:Savings>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
</ukm:UnappliedEffects>
</ukm:SecondaryMetadata>
<ukm:Supersedes URI="http://www.legislation.gov.uk/id/ukdsi/2018/9780111173008">
<dc:title>The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018</dc:title>
<ukm:DocumentMainType Value="UnitedKingdomDraftStatutoryInstrument"/>
<ukm:Year Value="2018"/>
<ukm:ISBN Value="9780111173008"/>
</ukm:Supersedes>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2018/1201/pdfs/uksiem_20181201_en.pdf" Date="2018-11-20" Title="UK Explanatory Memorandum" Size="83584"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:CorrectionSlips>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/uksi/2018/1201/pdfs/uksics_20181201_en_002.pdf" Date="2021-01-05" Title="Correction Slip 2" Size="106365"/>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/uksi/2018/1201/pdfs/uksics_20181201_en_001.pdf" Date="2019-09-30" Title="Correction Slip 1" Size="108662"/>
</ukm:CorrectionSlips>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2018/1201/pdfs/uksi_20181201_en.pdf" Date="2018-11-20" Size="157490"/>
</ukm:Alternatives>
<ukm:ImpactAssessments>
<ukm:ImpactAssessment URI="http://www.legislation.gov.uk/ukia/2018/155/pdfs/ukia_20180155_en.pdf" Date="2018-11-20" Title="Impact Assessment EU (Withdrawal) Act - Financial Services (ii)" Stage="Final" Department="HM Treasury" Year="2018" Number="155" Size="507703"/>
</ukm:ImpactAssessments>
<ukm:Statistics>
<ukm:TotalParagraphs Value="136"/>
<ukm:BodyParagraphs Value="4"/>
<ukm:ScheduleParagraphs Value="132"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</ukm:Metadata>
<Secondary>
<Schedules RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31">
<Schedule DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2" NumberOfProvisions="77" RestrictStartDate="2020-12-31" id="schedule-2" RestrictExtent="E+W+S+N.I.">
<Number>SCHEDULE 2</Number>
<TitleBlock>
<Title>Amendments of subordinate legislation</Title>
</TitleBlock>
<ScheduleBody>
<Part DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/part/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/part/1" NumberOfProvisions="23" RestrictStartDate="2020-12-31" id="schedule-2-part-1" RestrictExtent="E+W+S+N.I.">
<Number>
<Strong>PART 1</Strong>
</Number>
<Title>Amendments of Electronic Money Regulations 2011</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/paragraph/9" RestrictStartDate="2020-12-31" id="schedule-2-paragraph-9" RestrictExtent="E+W+S+N.I.">
<Pnumber>
<CommentaryRef Ref="c23537391"/>
9
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/paragraph/9/1" id="schedule-2-paragraph-9-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>Regulation 25 (accounting and statutory audit) is amended as follows.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/paragraph/9/2" id="schedule-2-paragraph-9-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
In paragraph (2), for the words from “statutory auditors” to the end substitute
<InlineAmendment>“ statutory auditor ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/paragraph/9/3" id="schedule-2-paragraph-9-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>In paragraph (3), omit “or audit firm”.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/9/4/2020-12-31" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/2/paragraph/9/4" id="schedule-2-paragraph-9-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>At the end insert—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default">
<P2>
<Pnumber>6</Pnumber>
<P2para>
<Text>
In this regulation “
<Term>statutory auditor</Term>
” has the same meaning as in Part 42 of the Companies Act 2006
<CommentaryRef Ref="c23524571"/>
(see section 1210 of that Act).
</Text>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
</P1para>
</P1>
</Part>
</ScheduleBody>
</Schedule>
</Schedules>
</Secondary>
<Commentaries>
<Commentary id="c23537391" Type="I">
<Para>
<Text>
Sch. 2 para. 9 in force at 31.12.2020 on IP completion day (in accordance with
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="d157e4" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>
,
<CitationSubRef id="cc00038" CitationRef="d157e4" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" Operative="true" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef>
), see
<CitationSubRef id="cc00039" CitationRef="d157e4" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/regulation/1/3" SectionRef="regulation-1-3">reg. 1(3)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c23524571" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2006/46" id="c00036" Year="2006" Class="UnitedKingdomPublicGeneralAct" Number="46">2006 c. 46</Citation>
.
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>