The Electronic Money, Payment Card Interchange Fee and Payment Services (Amendment) Regulations 2023

Citation, commencement and extent

1.—(1) These Regulations may be cited as the Electronic Money, Payment Card Interchange Fee and Payment Services (Amendment) Regulations 2023.

(2) Subject to paragraph (3), these Regulations come into force as follows—

(a) regulations 1, 2, 4(1), (2) and (5) on 18th September 2023;

(b) regulations 3 and 4(3) and (4) on 1st January 2024.

(3) The following provisions come into force on the day on which section 27 of the Financial Services and Markets Act 2023 comes into force so far as it relates to the need to contribute towards achieving compliance by the Secretary of State with section 5 of the Environment Act 2021—

(a) regulation 2(2)(a), so far as it inserts sub-paragraph (ca)(ii) into regulation 47(2) of the Electronic Money Regulations 2011(1);

(b) regulation 3(3)(b), so far as it inserts paragraph (ii) into regulation 3(4)(c) of the Payment Card Interchange Fee Regulations 2015(2), and

(c) regulation 4(2)(a), so far as it inserts paragraph (ii) into regulation 106(3)(c)) of the Payment Services Regulations(3).

(4) They extend to England and Wales, Scotland and Northern Ireland.

(1)

S.I. 2011/99. Paragraph 2A was inserted into Schedule 3 by S.I. 2017/752.

(2)

S.I. 2015/1911.

(3)

S.I. 2017/752.