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26. In the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017(1)—
(a)in regulation 3(1) (general interpretation), in the definitions of “payment services” and “payment service provider” for “2009” substitute “2017”;
(b)in regulation 53 (interpretation), in the definition of “telecommunication, digital and IT payment service provider” for the words from “falling within” to the end substitute “consisting of the execution of payment transactions where the consent of the payer to execute a payment transaction is given by means of any telecommunication, digital or IT device and the payment is made to the telecommunication, IT system or network operator acting only as an intermediary between the payment service user and the supplier of the goods and services (and terms used in this definition which are defined in the Payment Services Regulations 2017 have the meanings given in those Regulations).”;
(c)in regulation 60(5) (cancellation and suspension of registration)—
(i)in sub-paragraph (b) for “2009” substitute “2017”;
(ii)in sub-paragraph (c)(i)—
(aa)for “(c) to (h)” substitute “(d) to (j)”;
(bb)for “2009” substitute “2017”;
(iii)in sub-paragraph (c)(ii) for “121” substitute “154(2)”;
(d)in regulation 62(1) (transfer of funds supervisory authorities), in sub-paragraphs (b) and (c) for “2009” substitute “2017”;
(e)in regulation 77(2) (power to impose civil penalties: suspension and removal of authorisation), in paragraphs (a)(ii) and (iii) and (b)(ii) and (iii) for “2009” substitute “2017”;
(f)in regulation 105 (disclosure by the Commissioners), in paragraphs (1) and (2)(c) for “2009” substitute “2017”.
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