Prospective

Amendment of the Money Laundering Regulations 2007 U.K.

2.  In regulation 30 (cancellation of registration in a register maintained under regulation 25) of the Money Laundering Regulations 2007(1), after paragraph (2) insert—

“(2A) The Commissioners may cancel the registration of a money service business in a register maintained under regulation 25(1)(b) where the money service business—

(a) is providing a payment service in the United Kingdom, or is purporting to do so;

(b) is not included in the register of payment service providers maintained by the Authority under regulation 4(1) of the Payment Service Regulations 2009; and

(c) is not a person mentioned in paragraphs (c) to (h) of the definition of a payment service provider in regulation 2(1) of the Payment Services Regulations 2009, or a person to whom regulation 3 or 121 of those Regulations applies.”.

Commencement Information

I1 Reg. 2 in force at 1.10.2012, see reg. 1(2)(b)

(1)

S.I. 2007/2157; regulation 30 was amended by article 3 of, and paragraphs 168 and 170 of Schedule 2 to, S.I. 2009/56.