The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 No. 1201

SCHEDULE 2 U.K. Amendments of subordinate legislation

PART 1 U.K. Amendments of Electronic Money Regulations 2011

17.—(1) Regulation 71 (duty to co-operate and exchange information) is amended as follows. U.K.

(2) In paragraph (1)—

(a) omit sub-paragraph (a);

(b) for sub-paragraphs (b) to (d) substitute—

“(b) the Bank of England; and

(c) any other public authorities which exercise functions that are relevant to electronic money issuers,”;

(c) for the words from “under the electronic” to the end substitute “ under these Regulations and other relevant legislation ”.

(3) In paragraph (2)—

(a) in sub-paragraph (a), for “(1)(a), (c) and (d)” substitute “ (1)(c) ”;

(b) for sub-paragraph (b) substitute—

“(b) the Bank of England when acting in its capacity as monetary and oversight authority;”;

(c) for the words from “under the electronic” to the end substitute “ under these Regulations and other relevant legislation ”.

(4) Omit paragraph (3).

Commencement Information

I1 Sch. 2 para. 17 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)