Obligations on payment service providers
16.—(1) In Article 4, in paragraph 5—
(a)for “Article 13 of Directive (EU) 2015/849” substitute “regulation 28 of the 2017 Regulations”;
(b)for “Article 40 of that Directive” substitute “regulation 40 of those Regulations”;
(c)for “Article 14(5) of Directive (EU) 2015/849” substitute “regulation 27(8) of the 2017 Regulations”.
(2) In Article 5, in paragraph 1, for “Union” substitute “United Kingdom or Gibraltar”;
(3) In Article 6, in paragraphs 1 and 2, for “Union” substitute “United Kingdom or Gibraltar”;
(4) In Article 7—
(a)in paragraph 2, for “Union”, each time it occurs, substitute “United Kingdom or Gibraltar”;
(b)in paragraph 3, for “Articles 69 and 70 of Directive 2007/64/EC” substitute “regulations 52 and 53 of the Payment Services Regulations 2017”;
(c)in paragraph 5—
(i)for “Article 13 of Directive (EU) 2015/849” substitute “regulation 28 of the 2017 Regulations”;
(ii)for “Article 40 of that Directive” substitute “regulation 40 of those Regulations”;
(iii)for “Article 14(5) of Directive (EU) 2015/849” substitute “regulation 27(8) of the 2017 Regulations”.
(5) In Article 8.1, for “Article 13 of Directive (EU) 2015/849” substitute “regulation 28 of the 2017 Regulations”.
(6) In Article 9, for “Directive (EU) 2015/849”, substitute “the 2017 Regulations”.
(7) In Article 11(2), for “Union” each time it occurs, substitute “United Kingdom or Gibraltar”.
(8) In Article 13, for “Directive (EU) 2015/849”, substitute “the 2017 Regulations”.