Article 60JB was inserted by S.I. 2014/366 and was amended by S.I. 2017/752.

S.I. 2011/99.

Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)

Reg. 144 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)

Reg. 144(2A) inserted (31.12.2020 immediately before IP completion day) by The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(3), 8(3)(a); 2020 c. 1, Sch. 5 para. 1(1)

Words in reg. 144(3) inserted (31.12.2020 immediately before IP completion day) by The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(3), 8(3)(b); 2020 c. 1, Sch. 5 para. 1(1)

http://www.legislation.gov.uk/uksi/2019/632/regulation/144The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019texttext/xmlenEXITING THE EUROPEAN UNIONFINANCIAL SERVICESStatute Law Database2024-05-16Expert Participation2023-07-11Except for the regulations referred to in the next paragraph, these Regulations are made in exercise of the powers in section 8 of the European Union (Withdrawal) Act 2018 (c.16) in order to address failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (and in particular, the deficiencies under paragraphs (a), (d), (e) and (g) of section 8(2)).PART 3Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001144Article 60JB (electronic money institutions)1

Omit article 60JB (electronic money institutions).

2

In relation to a person who has transitional authorisation by virtue of paragraph 2 of Schedule 3 to the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (“the 2018 Regulations”), the amendment made by paragraph (1) does not apply during the transition period (within the meaning given by paragraph 10 of that Schedule).

2A

In relation to a person who has continued authorisation for limited purposes in accordance with paragraph 12B of Schedule 3 to the 2018 Regulations or is exempt from the prohibition in regulation 63(1) of Electronic Money Regulations 2011 by virtue of paragraph 12L of Schedule 3 to the 2018 Regulations, the amendment made by paragraph (1) does not apply during the extension period (within the meaning given by paragraph 12G of that Schedule) or the period of exemption (within the meaning given by paragraph 12L of that Schedule).

3

Despite the repeal of Schedule 2A to the Electronic Money Regulations 2011 by the 2018 Regulations, that Schedule has effect, with any necessary modifications, in relation to a case where the amendment made by paragraph (1) does not apply because of paragraph (2) or (2A).

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<p>
Article 60JB was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/366">S.I. 2014/366</ref>
and was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>
.
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<note class="commentary M" eId="c23659571">
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<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
.
</p>
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<note class="commentary C" eId="key-660b7df424255946745807230422752e">
<p>
Pts. 3-6 modified in part (31.12.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680">The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11/1">11(1)</ref>
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11/4">(4)</ref>
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11/5">(5)</ref>
(with
<rref from="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11/8" upTo="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11/10">reg. 11(8)-(10)</rref>
) (as amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/1301">S.I. 2020/1301</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/1301/regulation/3">3</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/1301/schedule/paragraph/40/f">Sch. para. 40(f)</ref>
);
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
</p>
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<note class="commentary I" eId="key-8e91554c20d15ae957672315b92bb09c">
<p>
Reg. 144 in force at 31.12.2020 on IP completion day (in accordance with
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
), see reg. 1(3)
</p>
</note>
<note class="commentary F" eId="key-38474fc1557d8577d92bd0b4c18ac14e">
<p>
Reg. 144(2A) inserted (31.12.2020 immediately before IP completion day) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212">The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212/regulation/1/3">regs. 1(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212/regulation/8/3/a">8(3)(a)</ref>
;
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
</p>
</note>
<note class="commentary F" eId="key-2d7869048dc181e7e6faaf75815bb71d">
<p>
Words in reg. 144(3) inserted (31.12.2020 immediately before IP completion day) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212">The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212/regulation/1/3">regs. 1(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1212/regulation/8/3/b">8(3)(b)</ref>
;
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
</p>
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Article 60JB (electronic money institutions)
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Omit article 60JB
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In relation to a person who has transitional authorisation by virtue of paragraph 2 of Schedule 3 to the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (“
<term refersTo="#term-the-2018-regulations">the 2018 Regulations</term>
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2A
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<ins class="key-38474fc1557d8577d92bd0b4c18ac14e-1622816721901 last">In relation to a person who has continued authorisation for limited purposes in accordance with paragraph 12B of Schedule 3 to the 2018 Regulations or is exempt from the prohibition in regulation 63(1) of Electronic Money Regulations 2011 by virtue of paragraph 12L of Schedule 3 to the 2018 Regulations, the amendment made by paragraph (1) does not apply during the extension period (within the meaning given by paragraph 12G of that Schedule) or the period of exemption (within the meaning given by paragraph 12L of that Schedule).</ins>
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<noteRef href="#c23659571" marker="M2" class="commentary M"/>
by the 2018 Regulations, that Schedule has effect, with any necessary modifications, in relation to a case where the amendment made by paragraph (1) does not apply because of paragraph (2)
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or (2A)
</ins>
.
</p>
</content>
</paragraph>
</hcontainer>
</part>
</portionBody>
</portion>
</akomaNtoso>