The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019

The Payment Services Regulations 2017

9.—(1) The Payment Services Regulations 2017(1) are amended as follows.

(2) In regulation 147—

(a) in paragraph (1), in the opening words, for “must” substitute “may”; and

(b) omit paragraph (4).

(3) In Schedule 6—

(a) in paragraph 8(1)(b) for “subsections (3A) and (3B) were” substitute “subsection (3A) was”;

(b) in paragraph 13—

(i) in sub-paragraph (a)—

(aa) omit paragraphs (i) and (ii);

(bb) in paragraph (iii), in the opening words for “after the definition of “overseas regulatory authority”” substitute “before the definition of “prescribed disciplinary proceedings””;

(cc) in paragraph (iii) omit the definition of “payment services directive information”;

(dd) for paragraph (iv) substitute—

“(iv) in the definition of “relevant provisions”, after paragraph (j) there were inserted—

“(k) Article 24 of the payment services directive;”;

(v) in the definition of “relevant directives”, after paragraph (e) there were inserted—

“(ea) the payment services directive;””;

(ii) omit sub-paragraph (d);

(iii) in sub-paragraph (e)(ii), in the inserted paragraph (1B), omit “directive”;

(iv) omit sub-paragraph (f);

(v) in sub-paragraph (g)—

(aa) in the opening words, for “single market restrictions” substitute “retained EU law restrictions”;

(bb) in sub-paragraph (ii), for ““The Department of Enterprise, Trade and Investment in Northern Ireland”” substitute ““The Department for the Economy in Northern Ireland””.

(1)

S.I. 2017/752.