PART 3AMENDMENT OF EU LEGISLATION

Obligations on payment service providersI116

1

In Article 4, in paragraph 5—

a

for “Article 13 of Directive (EU) 2015/849” substitute “ regulation 28 of the 2017 Regulations ”;

b

for “Article 40 of that Directive” substitute “ regulation 40 of those Regulations ”;

c

for “Article 14(5) of Directive (EU) 2015/849” substitute “ regulation 27(8) of the 2017 Regulations ”.

2

In Article 5, in paragraph 1, for “Union” substitute “ United Kingdom or Gibraltar ”;

3

In Article 6, in paragraphs 1 and 2, for “Union” substitute “ United Kingdom or Gibraltar ”;

4

In Article 7—

a

in paragraph 2, for “Union”, each time it occurs, substitute “ United Kingdom or Gibraltar ”;

b

in paragraph 3, for “Articles 69 and 70 of Directive 2007/64/EC” substitute “ regulations 52 and 53 of the Payment Services Regulations 2017 ”;

c

in paragraph 5—

i

for “Article 13 of Directive (EU) 2015/849” substitute “ regulation 28 of the 2017 Regulations ”;

ii

for “Article 40 of that Directive” substitute “ regulation 40 of those Regulations ”;

iii

for “Article 14(5) of Directive (EU) 2015/849” substitute “ regulation 27(8) of the 2017 Regulations ”.

5

In Article 8.1, for “Article 13 of Directive (EU) 2015/849” substitute “ regulation 28 of the 2017 Regulations ”.

6

In Article 9, for “Directive (EU) 2015/849”, substitute “ the 2017 Regulations ”.

7

In Article 11(2), for “Union” each time it occurs, substitute “ United Kingdom or Gibraltar ”.

8

In Article 13, for “Directive (EU) 2015/849”, substitute “ the 2017 Regulations ”.