The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012

Restriction on disclosure of informationU.K.

This section has no associated Explanatory Memorandum

4.  Sections 348, 349 and 352 of the 2000 Act apply with the following modifications—

(a)in section 348—

(i)in subsection (2)(b) for the words from “, the [F1PRA]” to the end substitute “ under the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012. ”;

(ii)in subsection (3)(a) for “this Act” substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(iii)in subsection (5)—

(aa)for “this Part”, substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(bb)omit paragraphs [F2(aa)] and (c);

[F3(cc)for paragraph (d), substitute—

“(d)a person appointed to make a report under section 166 or 166A;”;]

(dd)in paragraph (e) for “paragraphs (a) to (c)” substitute “ paragraph (a) ”; and

(ee)in [F4paragraphs (ea) and (f)], for “those paragraphs” substitute “ that paragraph ”;

[F5(iv)for subsection (6) substitute—

“(6) In subsection (5)(f), “expert” includes any body or person appointed under regulation 4(2) of the Payment in Euros (Credit Transfers and Direct Debits) Regulations 2012.”;]

(b)in section 349 omit subsections (3A) and (3B).

Textual Amendments