SCHEDULE 6Application and modification of legislation

PART 1Application and modification of the 2000 Act

The Upper Tribunal2

Part 9 of the 2000 Act (hearings and appeals)83 applies in respect of references to the Upper Tribunal made under these Regulations as it applies in respect of references made to the Upper Tribunal under that Act, with the following modifications—

a

section 133 (proceedings before Tribunal: general provision) is to be read as if for subsection (7A) there were substituted—

7A

A reference is a “disciplinary reference” for the purposes of this section if it is in respect of any of the following decisions under the Payment Services Regulations 2017—

a

a decision to publish a statement under regulation 110;

b

a decision to impose a penalty under regulation 111.

b

subsection (1) of section 133A (proceedings before Tribunal: decision and supervisory notices, etc.) is to be read as if “, as a result of section 388(2)” were omitted; and

c

section 133A is to be read as if subsection (5) were omitted.