PART 3Amendment and Revocation of Secondary Legislation
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 201712
1
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 201726 are amended as follows.
2
In regulation 3(1) (general interpretation), omit the definition of “the capital requirements directive”.
3
In regulation 1027 (credit institutions and financial institutions)—
a
in paragraph (3)(c), omit “Annex 1 to the capital requirements directive as set out in”;
b
in paragraph (4)(a), omit “Annex 1 to the capital requirements directive as set out in”.
4
In Schedule 2 (activities listed in points 2 to 12, 14 and 15 of Annex 1 to the Capital Requirements Directive)—
a
for the heading substitute “Listed Activities”
;
b
omit “listed in points 2 to 12, 14 and 15 of Annex 1 to the Capital Requirements Directive”;
c
for point 4 substitute—
Payment service as defined in regulation 2(1) of the Payment Services Regulations 201728.
d
in point 5, omit “insofar as such activity is not covered by point 4”.
5
In paragraph 13 of Schedule 3A29 (capital markets etc.), omit “Annex 1 to the capital requirements directive as set out in”.