# The Payment Services Regulations 2017 URL: https://consilena.com/coverage/laws/ksrc_akqk7hajf23sqrsh - Jurisdiction: United Kingdom - Type: Act - Identifier: http://www.legislation.gov.uk/uksi/2017/752 - Current as of: 13 January 2018 - Provisions: 255 - Official text: https://www.legislation.gov.uk/uksi/2017/752 - Attribution: Contains public sector information licensed under the Open Government Licence v3.0. > The library is a research copy. Check the official source before relying on a provision: the text published there, not the copy in Consilena, is the law. ## Provisions ### ["PART 11 — General", "Transitional and saving provisions: authorised payment institutions", "Regulation 150"] - **General", "Transitional and saving provisions: authorised payment institutions", "Regulation 150"] Transitional and saving provisions: authorised payment institutions**: — Regulation 150 — Transitional and saving provisions: authorised payment institutions Where a person provides payment services before 13th January 2018… ### ["PART 2 — Registration", "Application for registration as an account information service provider or variation of an existing registration", "Regulation 17"] - **Registration", "Application for registration as an account information service provider or variation of an existing registration", "Regulation 17"] Application for registration as an account information service provider or variation of an existing registration**: — Regulation 17 — Application for registration as an account information service provider or variation of an existing registration An application for… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payer or payee's liability for unauthorised payment transactions", "Regulation 77"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payer or payee's liability for unauthorised payment transactions", "Regulation 77"] Payer or payee's liability for unauthorised payment transactions**: — Regulation 77 — Payer or payee's liability for unauthorised payment transactions Subject to paragraphs (2), (3) and (4), a payment service provider which is… ### ["PART 3 — Amendments to other secondary legislation", "Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012", "Regulation 14"] - **Amendments to other secondary legislation", "Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012", "Regulation 14"] Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012**: — Regulation 14 — Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 In regulation 2(1) of the Payments in Euro (Credit Transfers and… ### ["PART 3 — Authorised Payment Institutions", "Capital requirements", "Regulation 22"] - **Authorised Payment Institutions", "Capital requirements", "Regulation 22"] Capital requirements**: — Regulation 22 — Capital requirements An authorised payment institution must maintain at all times own funds equal to or in excess of the greater of— the… ### ["PART 2 — Registration", "Determination of application for authorisation or variation of authorisation", "Regulation 9"] - **Registration", "Determination of application for authorisation or variation of authorisation", "Regulation 9"] Determination of application for authorisation or variation of authorisation**: — Regulation 9 — Determination of application for authorisation or variation of authorisation The FCA must determine an application for authorisation or the… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Refunds for payment transactions initiated by or through a payee", "Regulation 79"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Refunds for payment transactions initiated by or through a payee", "Regulation 79"] Refunds for payment transactions initiated by or through a payee**: — Regulation 79 — Refunds for payment transactions initiated by or through a payee Where the conditions in paragraph (2) and the requirement in regulation 80… ### ["PART 2 — Registration", "Request for cancellation of authorisation", "Regulation 11"] - **Registration", "Request for cancellation of authorisation", "Regulation 11"] Request for cancellation of authorisation**: — Regulation 11 — Request for cancellation of authorisation A request for cancellation of a person's authorisation under regulation 10(1)(b) (cancellation of… ### ["PART 11 — General", "Defences", "Regulation 140"] - **General", "Defences", "Regulation 140"] Defences**: — Regulation 140 — Defences In proceedings for an offence under regulation 138 or 139 it is a defence for the accused to show that they took all reasonable… ### ["PART 11 — General", "Prohibition on contracting out of statutory requirement", "Regulation 137"] - **General", "Prohibition on contracting out of statutory requirement", "Regulation 137"] Prohibition on contracting out of statutory requirement**: — Regulation 137 — Prohibition on contracting out of statutory requirement A payment service provider may not agree with a payment service user that it will… ### ["PART 10 — The Payment Systems Regulator", "Information and investigation", "Regulation 135"] - **The Payment Systems Regulator", "Information and investigation", "Regulation 135"] Information and investigation**: — Regulation 135 — Information and investigation Sections 81 to 93 of the 2013 Act (information and investigation powers and disclosure of information) apply… - **["Regulation 3"]**: Regulation 3 Evidence that the applicant holds initial capital for the purposes of regulation 6(3). ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] Use of agents**: — Regulation 34 — Use of agents Authorised payment institutions , small payment institutions and registered account information service providers may not… ### ["PART 3 — Amendments to other secondary legislation", "Enterprise Act 2002 (Part 8 EU Infringements) Order 2014", "Regulation 20"] - **Amendments to other secondary legislation", "Enterprise Act 2002 (Part 8 EU Infringements) Order 2014", "Regulation 20"] Enterprise Act 2002 (Part 8 EU Infringements) Order 2014**: — Regulation 20 — Enterprise Act 2002 (Part 8 EU Infringements) Order 2014 In the Enterprise Act 2002 (Part 8 EU Infringements) Order 2014 — in article 4 for… ### ["PART 6 — Information Requirements for Payment Services", "Information for the payer on individual payment transactions", "Regulation 53"] - **Information Requirements for Payment Services", "Information for the payer on individual payment transactions", "Regulation 53"] Information for the payer on individual payment transactions**: — Regulation 53 — Information for the payer on individual payment transactions The payer's payment service provider under a framework contract must provide to… - **["Regulation 9"]**: Regulation 9 A description of the principles and definitions used by the applicant in collecting statistical data on performance, transactions and fraud. ### ["PART 10 — The Payment Systems Regulator", "Appeals against directions and publication of compliance failures", "Regulation 131"] - **The Payment Systems Regulator", "Appeals against directions and publication of compliance failures", "Regulation 131"] Appeals against directions and publication of compliance failures**: — Regulation 131 — Appeals against directions and publication of compliance failures This regulation applies where a person is appealing to the Competition… ### ["PART 9 — The Financial Conduct Authority", "Functions of the FCA", "Regulation 106"] - **The Financial Conduct Authority", "Functions of the FCA", "Regulation 106"] Functions of the FCA**: — Regulation 106 — Functions of the FCA The FCA ... has the functions and powers conferred on it by these Regulations… ### ["PART 9 — The Financial Conduct Authority", "Public censure", "Regulation 110"] - **The Financial Conduct Authority", "Public censure", "Regulation 110"] Public censure**: — Regulation 110 — Public censure If the FCA considers that a person has contravened a requirement imposed on them by or under these Regulations or, in the… ### ["PART 11 — General", "Transitional provisions: payments through network operators", "Regulation 152"] - **General", "Transitional provisions: payments through network operators", "Regulation 152"] Transitional provisions: payments through network operators**: — Regulation 152 — Transitional provisions: payments through network operators Paragraphs (2) and (3) apply where, before 13th January 2018, a person provides… ### ["PART 1 — Prohibitions and restrictions", "Power to prohibit the entry into credit agreements", "Regulation 1"] - **Prohibitions and restrictions", "Power to prohibit the entry into credit agreements", "Regulation 1"] Power to prohibit the entry into credit agreements**: — Regulation 1 — Power to prohibit the entry into credit agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 3 — Amendments to other secondary legislation", "Payment to Treasury of Penalties (Enforcement Costs) Order 2013", "Regulation 15"] - **Amendments to other secondary legislation", "Payment to Treasury of Penalties (Enforcement Costs) Order 2013", "Regulation 15"] Payment to Treasury of Penalties (Enforcement Costs) Order 2013**: — Regulation 15 — Payment to Treasury of Penalties (Enforcement Costs) Order 2013 In article 2(1) of the Payment to Treasury of Penalties (Enforcement Costs)… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Evidence on authentication and execution of payment transactions", "Regulation 75"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Evidence on authentication and execution of payment transactions", "Regulation 75"] Evidence on authentication and execution of payment transactions**: — Regulation 75 — Evidence on authentication and execution of payment transactions Where a payment service user— denies having authorised an executed payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Authentication", "Regulation 100"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Authentication", "Regulation 100"] Authentication**: — Regulation 100 — Authentication A payment service provider must apply strong customer authentication where a payment service user— accesses its payment… ### ["PART 2 — Activities which do not constitute payment services", "Regulation 3"] - **Activities which do not constitute payment services", "Regulation 3"]**: Regulation 3 The provision of cash otherwise than through an automatic teller machine does not constitute a payment service where— there is a transfer of a… ### ["PART 6 — Information Requirements for Payment Services", "Information on additional charges or reductions", "Regulation 58"] - **Information Requirements for Payment Services", "Information on additional charges or reductions", "Regulation 58"] Information on additional charges or reductions**: — Regulation 58 — Information on additional charges or reductions The payee must inform the payer of any charge requested or reduction offered by the payee for… ### ["PART 11 — General", "Amendments to primary and secondary legislation", "Regulation 156"] - **General", "Amendments to primary and secondary legislation", "Regulation 156"] Amendments to primary and secondary legislation**: — Regulation 156 — Amendments to primary and secondary legislation Schedule 8, which contains amendments to primary and secondary legislation, has effect. ### ["PART 9 — The Financial Conduct Authority", "FCA's exemption from liability in damages", "Regulation 121"] - **The Financial Conduct Authority", "FCA's exemption from liability in damages", "Regulation 121"] FCA's exemption from liability in damages**: — Regulation 121 — FCA's exemption from liability in damages The functions of the FCA under these Regulations are to be treated for the purposes of paragraph… ### ["PART 9 — The Financial Conduct Authority", "Monitoring and enforcement", "Regulation 108"] - **The Financial Conduct Authority", "Monitoring and enforcement", "Regulation 108"] Monitoring and enforcement**: — Regulation 108 — Monitoring and enforcement The FCA must maintain arrangements designed to enable it to determine whether— persons on whom requirements are… ### ["PART 3 — Amendments to other secondary legislation", "Payment Accounts Regulations 2015", "Regulation 25"] - **Amendments to other secondary legislation", "Payment Accounts Regulations 2015", "Regulation 25"] Payment Accounts Regulations 2015**: — Regulation 25 — Payment Accounts Regulations 2015 In the Payment Accounts Regulations 2015 — in regulation 2(1) (interpretation), in the definition of… ### ["PART 11 — General", "Contravention of regulations 57 and 58", "Regulation 141"] - **General", "Contravention of regulations 57 and 58", "Regulation 141"] Contravention of regulations 57 and 58**: — Regulation 141 — Contravention of regulations 57 and 58 A person (not being a payment service provider) who contravenes regulation 57(2) or 58(2)… ### ["PART 3 — Amendments to other secondary legislation", "Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014", "Regulation 18"] - **Amendments to other secondary legislation", "Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014", "Regulation 18"] Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014**: — Regulation 18 — Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 In regulation 1(4) of the Financial Services and… ### ["PART 10 — The Payment Systems Regulator", "Application of other provisions of the 2013 Act", "Regulation 136"] - **The Payment Systems Regulator", "Application of other provisions of the 2013 Act", "Regulation 136"] Application of other provisions of the 2013 Act**: — Regulation 136 — Application of other provisions of the 2013 Act For the purposes of these Regulations section 40 (3) and (4) of the 2013 Act (Financial… ### ["PART 10 — The Payment Systems Regulator", "Injunctions", "Regulation 129"] - **The Payment Systems Regulator", "Injunctions", "Regulation 129"] Injunctions**: — Regulation 129 — Injunctions If, on the application of the Payment Systems Regulator, the court is satisfied— that there is a reasonable likelihood that… ### ["PART 9 — The Financial Conduct Authority", "Restitution orders", "Regulation 116"] - **The Financial Conduct Authority", "Restitution orders", "Regulation 116"] Restitution orders**: — Regulation 116 — Restitution orders The court may, on the application of the FCA, make an order under paragraph (2) if it is satisfied that a person has… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment service provider's liability for unauthorised payment transactions", "Regulation 76"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment service provider's liability for unauthorised payment transactions", "Regulation 76"] Payment service provider's liability for unauthorised payment transactions**: — Regulation 76 — Payment service provider's liability for unauthorised payment transactions Subject to regulations 74 and 75, where an executed payment… - **Modification of legislation**: — Regulation 3 — Modification of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 11 — General", "Transitional and saving provisions: small payment institutions", "Regulation 151"] - **General", "Transitional and saving provisions: small payment institutions", "Regulation 151"] Transitional and saving provisions: small payment institutions**: — Regulation 151 — Transitional and saving provisions: small payment institutions Where a person provides payment services before 13th January 2018 pursuant to… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Reliance", "Regulation 36"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Reliance", "Regulation 36"] Reliance**: — Regulation 36 — Reliance Where an authorised payment institution , a small payment institution or a registered account information service provider relies on… ### ["PART 2 — Procedure and appeals", "Notice to the home state competent authority", "Regulation 6"] - **Procedure and appeals", "Notice to the home state competent authority", "Regulation 6"] Notice to the home state competent authority**: — Regulation 6 — Notice to the home state competent authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 11 — General", "False claims to be a payment service provider or exempt", "Regulation 139"] - **General", "False claims to be a payment service provider or exempt", "Regulation 139"] False claims to be a payment service provider or exempt**: — Regulation 139 — False claims to be a payment service provider or exempt A person who does not fall within any of sub-paragraphs (a) to (f) of regulation… - **["Regulation 19"]**: Regulation 19 In the case of an applicant which proposes to provide payment initiation services or account information services, the professional indemnity… - **["Regulation 2"]**: Regulation 2 The following information about the payment service— a description of the main characteristics of the payment service to be provided; the… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 The Electronic Money Regulations 2011 are amended as follows. In… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Notification and rectification of unauthorised or incorrectly executed payment transactions", "Regulation 74"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Notification and rectification of unauthorised or incorrectly executed payment transactions", "Regulation 74"] Notification and rectification of unauthorised or incorrectly executed payment transactions**: — Regulation 74 — Notification and rectification of unauthorised or incorrectly executed payment transactions A payment service user is entitled to redress… ### ["PART 10 — The Payment Systems Regulator", "Appeals in relation to penalties", "Regulation 132"] - **The Payment Systems Regulator", "Appeals in relation to penalties", "Regulation 132"] Appeals in relation to penalties**: — Regulation 132 — Appeals in relation to penalties This regulation applies where a person is appealing to the Competition Appeal Tribunal against a decision… ### ["PART 6 — Information Requirements for Payment Services", "Information for the payee after execution", "Regulation 46"] - **Information Requirements for Payment Services", "Information for the payee after execution", "Regulation 46"] Information for the payee after execution**: — Regulation 46 — Information for the payee after execution The payee's payment service provider must, immediately after the execution of the payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Incident reporting", "Regulation 99"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Incident reporting", "Regulation 99"] Incident reporting**: — Regulation 99 — Incident reporting If a payment service provider becomes aware of a major operational or security incident, the payment service provider… ### ["PART 3 — Amendments to other secondary legislation", "Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015", "Regulation 21"] - **Amendments to other secondary legislation", "Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015", "Regulation 21"] Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015**: — Regulation 21 — Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015 In the Payment to Treasury of Penalties… ### ["PART 1 — Introductory provisions", "Citation, commencement and extent", "Regulation 1"] - **Introductory provisions", "Citation, commencement and extent", "Regulation 1"] Citation, commencement and extent**: — Regulation 1 — Citation, commencement and extent These Regulations may be cited as the Payment Services Regulations 2017. The following provisions come into… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Receipt of payment orders", "Regulation 81"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Receipt of payment orders", "Regulation 81"] Receipt of payment orders**: — Regulation 81 — Receipt of payment orders A payer's payment service provider must not debit the payment account before receipt of a payment order. Subject to… - **["Regulation 5"]**: Regulation 5 The following information about safeguards and corrective measures— where relevant, a description of the steps that the payment service user is to… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Removal of agent from register", "Regulation 35"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Removal of agent from register", "Regulation 35"] Removal of agent from register**: — Regulation 35 — Removal of agent from register The FCA may remove an agent of an authorised payment institution , small payment institution or registered… ### ["PART 3 — Amendments to other secondary legislation", "Public Interest Disclosure (Prescribed Persons) Order 2014", "Regulation 19"] - **Amendments to other secondary legislation", "Public Interest Disclosure (Prescribed Persons) Order 2014", "Regulation 19"] Public Interest Disclosure (Prescribed Persons) Order 2014**: — Regulation 19 — Public Interest Disclosure (Prescribed Persons) Order 2014 In the Schedule to the Public Interest Disclosure (Prescribed Persons) Order 2014… ### ["PART 1 — Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] - **Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] Insolvency**: — Regulation 9 — Insolvency The sections of the 2000 Act mentioned in the first column of the Table apply with any modifications shown in the third column. To… - **["Regulation 16"]**: Regulation 16 The legal status of the applicant and, where the applicant is a limited company, its articles. In this paragraph “articles” has the meaning given… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Obligations of the payment service provider in relation to payment instruments", "Regulation 73"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Obligations of the payment service provider in relation to payment instruments", "Regulation 73"] Obligations of the payment service provider in relation to payment instruments**: — Regulation 73 — Obligations of the payment service provider in relation to payment instruments A payment service provider issuing a payment instrument must—… ### ["PART 9 — The Financial Conduct Authority", "Financial penalties", "Regulation 111"] - **The Financial Conduct Authority", "Financial penalties", "Regulation 111"] Financial penalties**: — Regulation 111 — Financial penalties The FCA may impose a penalty of such amount as it considers appropriate on— a payment service provider who has… - **Insolvency regulations**: — Regulation 3 — Insolvency regulations Section 234 of the Banking Act 2009 (regulations: details) applies as if— references to investment bank insolvency… ### ["PART 9 — The Financial Conduct Authority", "Complaints", "Regulation 117"] - **The Financial Conduct Authority", "Complaints", "Regulation 117"] Complaints**: — Regulation 117 — Complaints The FCA must maintain arrangements designed to enable payment service users and other interested parties to submit complaints to… ### ["PART 1 — Amendments to primary legislation", "Financial Services and Markets Act 2000", "Regulation 2"] - **Amendments to primary legislation", "Financial Services and Markets Act 2000", "Regulation 2"] Financial Services and Markets Act 2000**: — Regulation 2 — Financial Services and Markets Act 2000 The 2000 Act is amended as follows. In section 1H (further interpretative provisions for sections 1B… ### ["PART 8 — Access to payment systems and bank accounts", "Access to bank accounts", "Regulation 105"] - **Access to payment systems and bank accounts", "Access to bank accounts", "Regulation 105"] Access to bank accounts**: — Regulation 105 — Access to bank accounts A credit institution must— grant payment service providers of the types referred to in paragraphs (a) to (f) of the… ### ["PART 10 — The Payment Systems Regulator", "Interpretation of Part 10", "Regulation 123"] - **The Payment Systems Regulator", "Interpretation of Part 10", "Regulation 123"] Interpretation of Part 10**: — Regulation 123 — Interpretation of Part 10 In this Part— “the 2013 Act” means the Financial Services (Banking Reform) Act 2013 ; “compliance failure” means a… ### ["PART 6 — Information Requirements for Payment Services", "Information during period of contract", "Regulation 49"] - **Information Requirements for Payment Services", "Information during period of contract", "Regulation 49"] Information during period of contract**: — Regulation 49 — Information during period of contract If the payment service user so requests at any time during the contractual relationship, the payment… ### ["PART 11 — General", "Actions for breach of requirements", "Regulation 148"] - **General", "Actions for breach of requirements", "Regulation 148"] Actions for breach of requirements**: — Regulation 148 — Actions for breach of requirements A contravention— which is to be taken to have occurred by virtue of regulation 21 (authorised payment… - **["Regulation 7"]**: Regulation 7 A description of the applicant's process for filing, monitoring, tracking and restricting access to sensitive payment data. ### ["PART 10 — The Payment Systems Regulator", "Functions of the Payment Systems Regulator", "Regulation 124"] - **The Payment Systems Regulator", "Functions of the Payment Systems Regulator", "Regulation 124"] Functions of the Payment Systems Regulator**: — Regulation 124 — Functions of the Payment Systems Regulator The Payment Systems Regulator has the functions and powers conferred on it by these Regulations… ### ["PART 5 — Requirements for providers of certain services which are not payment services", "Notification of use of limited network exclusion", "Regulation 38"] - **Requirements for providers of certain services which are not payment services", "Notification of use of limited network exclusion", "Regulation 38"] Notification of use of limited network exclusion**: — Regulation 38 — Notification of use of limited network exclusion If a person (“service provider”) provides services of the type falling within paragraph… ### ["PART 2 — Own funds", "Regulation 3"] - **Own funds", "Regulation 3"]**: Regulation 3 The amount of own funds referred to in regulation 22(1)(b) is to be calculated in accordance with such of Method A, Method B or Method C (set out… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Obligations of the payment service user in relation to payment instruments and personalised security credentials", "Regulation 72"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Obligations of the payment service user in relation to payment instruments and personalised security credentials", "Regulation 72"] Obligations of the payment service user in relation to payment instruments and personalised security credentials**: — Regulation 72 — Obligations of the payment service user in relation to payment instruments and personalised security credentials A payment service user to… - **References to Gibraltar regulator**: — Regulation 2A — References to Gibraltar regulator The Treasury may by regulations made by statutory instrument make such amendments of the references in… ### ["PART 2 — Own funds", "Regulation 4"] - **Own funds", "Regulation 4"]**: Regulation 4 The FCA may direct that an authorised payment institution must hold own funds up to 20% higher, or up to 20% lower, than the amount which would… - **["Regulation 1"]**: Regulation 1 A programme of operations setting out, in particular, the type of payment services envisaged. ### ["PART 1 — Introductory provisions", "Exemption for certain bodies", "Regulation 3"] - **Introductory provisions", "Exemption for certain bodies", "Regulation 3"] Exemption for certain bodies**: — Regulation 3 — Exemption for certain bodies Subject to paragraph (2) and regulation 4(1)(f), these Regulations do not apply to the following persons— credit… ### ["PART 11 — General", "Saving of Payment Services Regulations 2009", "Regulation 149"] - **General", "Saving of Payment Services Regulations 2009", "Regulation 149"] Saving of Payment Services Regulations 2009**: — Regulation 149 — Saving of Payment Services Regulations 2009 Notwithstanding the revocation of the Payment Services Regulations 2009 by regulation 157… ### ["PART 11 — General", "Application to Gibraltar", "Regulation 155"] - **General", "Application to Gibraltar", "Regulation 155"] Application to Gibraltar**: — Regulation 155 — Application to Gibraltar Schedule 7, which contains provisions concerning the application of these Regulations to Gibraltar, has effect. - **["Regulation 17"]**: Regulation 17 The address of the head office of the applicant. ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Payment accounts and sums received for the execution of payment transactions", "Regulation 33"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Payment accounts and sums received for the execution of payment transactions", "Regulation 33"] Payment accounts and sums received for the execution of payment transactions**: — Regulation 33 — Payment accounts and sums received for the execution of payment transactions Any payment account held by an authorised payment institution or… - **["Regulation 13"]**: Regulation 13 In relation to each person holding, directly or indirectly, a qualifying holding in the applicant— the size and nature of their qualifying… ### ["PART 2 — Registration", "Cancellation of authorisation", "Regulation 10"] - **Registration", "Cancellation of authorisation", "Regulation 10"] Cancellation of authorisation**: — Regulation 10 — Cancellation of authorisation The FCA may cancel a person's authorisation and enter such cancellation in the register where— the person does… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Incorrect unique identifiers", "Regulation 90"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Incorrect unique identifiers", "Regulation 90"] Incorrect unique identifiers**: — Regulation 90 — Incorrect unique identifiers Where a payment order is executed in accordance with the unique identifier, the payment order is deemed to have… ### ["PART 6 — Information Requirements for Payment Services", "Changes in contractual information", "Regulation 50"] - **Information Requirements for Payment Services", "Changes in contractual information", "Regulation 50"] Changes in contractual information**: — Regulation 50 — Changes in contractual information Subject to paragraph (4), any proposed changes to— the existing terms of the framework contract; or the… ### ["PART 11 — General", "Liability of officers of bodies corporate etc", "Regulation 144"] - **General", "Liability of officers of bodies corporate etc", "Regulation 144"] Liability of officers of bodies corporate etc**: — Regulation 144 — Liability of officers of bodies corporate etc If an offence under these Regulations committed by a body corporate is shown— to have been… - **Insolvency regulations**: — Regulation 1 — Insolvency regulations Section 93(4) of the Banking Act 2009 (interpretation: other expressions) applies as if— the reference to a bank were… ### ["PART 11 — General", "Transitional provisions: account information services and payment initiation services", "Regulation 154"] - **General", "Transitional provisions: account information services and payment initiation services", "Regulation 154"] Transitional provisions: account information services and payment initiation services**: — Regulation 154 — Transitional provisions: account information services and payment initiation services Paragraph (2) applies to a person that— provided… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Amounts transferred and amounts received", "Regulation 84"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Amounts transferred and amounts received", "Regulation 84"] Amounts transferred and amounts received**: — Regulation 84 — Amounts transferred and amounts received Subject to paragraph (2), the payment service providers of the payer and payee must ensure that the… ### ["PART 3 — Amendments to other secondary legislation", "Mortgage Credit Directive Order 2015", "Regulation 22"] - **Amendments to other secondary legislation", "Mortgage Credit Directive Order 2015", "Regulation 22"] Mortgage Credit Directive Order 2015**: — Regulation 22 — Mortgage Credit Directive Order 2015 In article 26 of the Mortgage Credit Directive Order 2015 (extension of the compulsory jurisdiction of… ### ["PART 1 — Application and modification of the 2000 Act", "Disciplinary powers", "Regulation 1"] - **Application and modification of the 2000 Act", "Disciplinary powers", "Regulation 1"] Disciplinary powers**: — Regulation 1 — Disciplinary powers Sections 66 (disciplinary powers) to 70 (statements of policy: procedure) of the 2000 Act apply but as if for section 66A… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation In these Regulations— “the 2000 Act” means the Financial Services and Markets Act 2000; “account information service” means an… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Value date and availability of funds", "Regulation 89"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Value date and availability of funds", "Regulation 89"] Value date and availability of funds**: — Regulation 89 — Value date and availability of funds The credit value date for the payee's payment account must be no later than the business day on which… ### ["PART 3 — Authorised Payment Institutions", "Accounting and statutory audit", "Regulation 24"] - **Authorised Payment Institutions", "Accounting and statutory audit", "Regulation 24"] Accounting and statutory audit**: — Regulation 24 — Accounting and statutory audit Where an authorised payment institution carries on activities other than the provision of payment services, it… ### ["PART 1 — Application and modification of the 2000 Act", "Auditors and actuaries", "Regulation 7"] - **Application and modification of the 2000 Act", "Auditors and actuaries", "Regulation 7"] Auditors and actuaries**: — Regulation 7 — Auditors and actuaries Section 340 (appointment of auditors and actuaries) of the 2000 Act applies with the following modifications—… ### ["PART 6 — Information Requirements for Payment Services", "Information requirements for account information service providers", "Regulation 60"] - **Information Requirements for Payment Services", "Information requirements for account information service providers", "Regulation 60"] Information requirements for account information service providers**: — Regulation 60 — Information requirements for account information service providers A registered account information service provider ... must provide to the… ### ["PART 2 — Registration", "Conditions for registration as a small payment institution", "Regulation 14"] - **Registration", "Conditions for registration as a small payment institution", "Regulation 14"] Conditions for registration as a small payment institution**: — Regulation 14 — Conditions for registration as a small payment institution The FCA may refuse to register an applicant as a small payment institution only if… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for account information services", "Regulation 70"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for account information services", "Regulation 70"] Access to payment accounts for account information services**: — Regulation 70 — Access to payment accounts for account information services This regulation applies only in relation to a payment account which is accessible… ### ["PART 6 — Information Requirements for Payment Services", "Termination of framework contract entered into before 28th April 2026", "Regulation 51A"] - **Information Requirements for Payment Services", "Termination of framework contract entered into before 28th April 2026", "Regulation 51A"] Termination of framework contract entered into before 28th April 2026**: — Regulation 51A — Termination of framework contract entered into before 28th April 2026 The payment service provider may terminate a framework contract… ### ["PART 2 — Registration", "Authorised payment institutions, small payment institutions and registered account information service providers acting without permission", "Regulation 21"] - **Registration", "Authorised payment institutions, small payment institutions and registered account information service providers acting without permission", "Regulation 21"] Authorised payment institutions, small payment institutions and registered account information service providers acting without permission**: — Regulation 21 — Authorised payment institutions, small payment institutions and registered account information service providers acting without permission If… - **["Regulation 4"]**: Regulation 4 Where regulation 23 (safeguarding requirements) applies, a description of the measures taken for safeguarding payment service users' funds in… ### ["PART 9 — The Financial Conduct Authority", "Power of FCA to require restitution", "Regulation 114"] - **The Financial Conduct Authority", "Power of FCA to require restitution", "Regulation 114"] Power of FCA to require restitution**: — Regulation 114 — Power of FCA to require restitution The FCA may exercise the power in paragraph (2) if it is satisfied that a payment service provider… ### ["PART 11 — General", "Proceedings against unincorporated bodies", "Regulation 146"] - **General", "Proceedings against unincorporated bodies", "Regulation 146"] Proceedings against unincorporated bodies**: — Regulation 146 — Proceedings against unincorporated bodies Proceedings for an offence alleged to have been committed by a partnership or an unincorporated… - **Insolvency regulations**: — Regulation 4 — Insolvency regulations Section 235 of the Banking Act 2009 (regulations: procedure) applies as if— references to investment bank insolvency… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payer", "Regulation 91"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payer", "Regulation 91"] Non-execution or defective or late execution of payment transactions initiated by the payer**: — Regulation 91 — Non-execution or defective or late execution of payment transactions initiated by the payer This regulation applies where a payment order is… ### ["PART 2 — Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] - **Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001**: — Regulation 13 — The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 The Financial Services and Markets Act… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Charges", "Regulation 66"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Charges", "Regulation 66"] Charges**: — Regulation 66 — Charges The payment service provider may only charge the payment service user for the fulfilment of any of its obligations under this Part—… ### ["PART 3 — Amendments to other secondary legislation", "Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014", "Regulation 16"] - **Amendments to other secondary legislation", "Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014", "Regulation 16"] Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014**: — Regulation 16 — Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 In article 2(b) of the Financial Services Act… ### ["PART 6 — Information Requirements for Payment Services", "Disapplication of certain regulations in the case of low-value payment instruments", "Regulation 42"] - **Information Requirements for Payment Services", "Disapplication of certain regulations in the case of low-value payment instruments", "Regulation 42"] Disapplication of certain regulations in the case of low-value payment instruments**: — Regulation 42 — Disapplication of certain regulations in the case of low-value payment instruments This regulation applies in respect of payment instruments… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Application of this Part in the case of consumer credit agreements", "Regulation 64"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Application of this Part in the case of consumer credit agreements", "Regulation 64"] Application of this Part in the case of consumer credit agreements**: — Regulation 64 — Application of this Part in the case of consumer credit agreements This regulation applies where a payment service is provided in relation to… - **["Regulation 6"]**: Regulation 6 A description of the applicant's procedure for monitoring, handling and following up security incidents and security-related customer complaints… ### ["PART 3 — Authorised Payment Institutions", "Notice of intention", "Regulation 27"] - **Authorised Payment Institutions", "Notice of intention", "Regulation 27"] Notice of intention**: — Regulation 27 — Notice of intention . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 6 — Information Requirements for Payment Services", "Provision of information leaflet", "Regulation 62"] - **Information Requirements for Payment Services", "Provision of information leaflet", "Regulation 62"] Provision of information leaflet**: — Regulation 62 — Provision of information leaflet The FCA must— produce a user-friendly electronic document listing in a clear and easily comprehensible… - **["Regulation 6"]**: Regulation 6 The following information about changes to and termination of the framework contract— where relevant, the proposed terms under which the payment… ### ["PART 11 — General", "Prosecution of offences", "Regulation 145"] - **General", "Prosecution of offences", "Regulation 145"] Prosecution of offences**: — Regulation 145 — Prosecution of offences Proceedings for an offence under these Regulations may be instituted only— in respect of an offence under regulation… ### ["PART 10 — The Payment Systems Regulator", "Penalties", "Regulation 127"] - **The Payment Systems Regulator", "Penalties", "Regulation 127"] Penalties**: — Regulation 127 — Penalties The Payment Systems Regulator may require a regulated person to pay a penalty in respect of a compliance failure. A penalty— must… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements For the purposes of this regulation “relevant funds” comprise the following— sums received from, or for the benefit… ### ["PART 9 — The Financial Conduct Authority", "Credit agreements", "Regulation 119"] - **The Financial Conduct Authority", "Credit agreements", "Regulation 119"] Credit agreements**: — Regulation 119 — Credit agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 3 — Amendments to other secondary legislation", "Communications Act 2003 (Disclosure of Information) Order 2014", "Regulation 17"] - **Amendments to other secondary legislation", "Communications Act 2003 (Disclosure of Information) Order 2014", "Regulation 17"] Communications Act 2003 (Disclosure of Information) Order 2014**: — Regulation 17 — Communications Act 2003 (Disclosure of Information) Order 2014 In article 3(e) of the Communications Act 2003 (Disclosure of Information)… - **Exercise by authorised payment institutions of market access rights in Gibraltar**: — Regulation 2 — Exercise by authorised payment institutions of market access rights in Gibraltar For the purposes of these Regulations, an authorised payment… ### ["PART 9 — The Financial Conduct Authority", "Costs of supervision", "Regulation 118"] - **The Financial Conduct Authority", "Costs of supervision", "Regulation 118"] Costs of supervision**: — Regulation 118 — Costs of supervision The functions of the FCA under these Regulations are to be treated for the purposes of paragraph 23 of Schedule 1ZA… ### ["PART 9 — The Financial Conduct Authority", "Reporting requirements", "Regulation 109"] - **The Financial Conduct Authority", "Reporting requirements", "Regulation 109"] Reporting requirements**: — Regulation 109 — Reporting requirements A person must give the FCA such information as the FCA may direct in respect of its provision of payment services or… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Dispute resolution", "Regulation 101"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Dispute resolution", "Regulation 101"] Dispute resolution**: — Regulation 101 — Dispute resolution This regulation applies in relation to complaints from payment service users who are not eligible within the meaning of… ### ["PART 11 — General", "Revocations", "Regulation 157"] - **General", "Revocations", "Regulation 157"] Revocations**: — Regulation 157 — Revocations An instrument appearing in the first column of the table in Schedule 9 is revoked to the extent set out in the corresponding… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions where the transaction amount is not known in advance", "Regulation 78"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions where the transaction amount is not known in advance", "Regulation 78"] Payment transactions where the transaction amount is not known in advance**: — Regulation 78 — Payment transactions where the transaction amount is not known in advance Where a card-based payment transaction is initiated by or through… ### ["PART 11 — General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] - **General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] Prohibition on provision of payment services by persons other than payment service providers**: — Regulation 138 — Prohibition on provision of payment services by persons other than payment service providers A person may not provide a payment service in… ### ["PART 11 — General", "Transitional and saving provisions: general", "Regulation 153"] - **General", "Transitional and saving provisions: general", "Regulation 153"] Transitional and saving provisions: general**: — Regulation 153 — Transitional and saving provisions: general The FCA must include in the register a person entitled to provide payment services by regulation… ### ["PART 6 — Information Requirements for Payment Services", "Termination of framework contract", "Regulation 51"] - **Information Requirements for Payment Services", "Termination of framework contract", "Regulation 51"] Termination of framework contract**: — Regulation 51 — Termination of framework contract The payment service user may terminate the framework contract at any time unless the parties have agreed on… ### ["PART 1 — Amendments to primary legislation", "Consumer Credit Act 1974", "Regulation 1"] - **Amendments to primary legislation", "Consumer Credit Act 1974", "Regulation 1"] Consumer Credit Act 1974**: — Regulation 1 — Consumer Credit Act 1974 In the Consumer Credit Act 1974 — in section 78 (duty to give information to debtor under running-account credit… ### ["PART 2 — Own funds", "Regulation 10"] - **Own funds", "Regulation 10"]**: Regulation 10 “Method C” means the calculation method set out in this paragraph. The own funds requirement is the relevant indicator multiplied by— the… ### ["PART 5 — Requirements for providers of certain services which are not payment services", "Notification of use of electronic communications exclusion", "Regulation 39"] - **Requirements for providers of certain services which are not payment services", "Notification of use of electronic communications exclusion", "Regulation 39"] Notification of use of electronic communications exclusion**: — Regulation 39 — Notification of use of electronic communications exclusion If a person (“service provider”) provides, or intends to provide, a service for… ### ["PART 2 — Own funds", "Regulation 6"] - **Own funds", "Regulation 6"]**: Regulation 6 The FCA may make a reasonable charge for making an evaluation required under paragraph 5. ### ["PART 6 — Information Requirements for Payment Services", "Information for the payee on individual payment transactions", "Regulation 54"] - **Information Requirements for Payment Services", "Information for the payee on individual payment transactions", "Regulation 54"] Information for the payee on individual payment transactions**: — Regulation 54 — Information for the payee on individual payment transactions The payee's payment service provider under a framework contract must provide to… ### ["PART 6 — Information Requirements for Payment Services", "Currency and currency conversion", "Regulation 57"] - **Information Requirements for Payment Services", "Currency and currency conversion", "Regulation 57"] Currency and currency conversion**: — Regulation 57 — Currency and currency conversion Payment transactions must be executed in the currency agreed between the parties. Where a currency… ### ["PART 6 — Information Requirements for Payment Services", "Information required prior to the conclusion of a single payment service contract", "Regulation 43"] - **Information Requirements for Payment Services", "Information required prior to the conclusion of a single payment service contract", "Regulation 43"] Information required prior to the conclusion of a single payment service contract**: — Regulation 43 — Information required prior to the conclusion of a single payment service contract A payment service provider must provide or make available… ### ["PART 6 — Information Requirements for Payment Services", "Information prior to execution of individual payment transaction", "Regulation 52"] - **Information Requirements for Payment Services", "Information prior to execution of individual payment transaction", "Regulation 52"] Information prior to execution of individual payment transaction**: — Regulation 52 — Information prior to execution of individual payment transaction Where an individual payment transaction under a framework contract is… ### ["PART 6 — Information Requirements for Payment Services", "Charges for information", "Regulation 56"] - **Information Requirements for Payment Services", "Charges for information", "Regulation 56"] Charges for information**: — Regulation 56 — Charges for information A payment service provider may not charge for providing or making available information which is required to be… ### ["PART 2 — Registration", "Duty to notify changes", "Regulation 20"] - **Registration", "Duty to notify changes", "Regulation 20"] Duty to notify changes**: — Regulation 20 — Duty to notify changes If at any time after an applicant has provided the FCA with any information under regulation 5(1), (2), or (4)… ### ["PART 6 — Information Requirements for Payment Services", "Exceptions to regulation 51B(3) in relation to certain public order offences etc.", "Regulation 51D"] - **Information Requirements for Payment Services", "Exceptions to regulation 51B(3) in relation to certain public order offences etc.", "Regulation 51D"] Exceptions to regulation 51B(3) in relation to certain public order offences etc.**: — Regulation 51D — Exceptions to regulation 51B(3) in relation to certain public order offences etc. Where any of the conditions in paragraph (3) below are… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated through a payment initiation service", "Regulation 93"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated through a payment initiation service", "Regulation 93"] Non-execution or defective or late execution of payment transactions initiated through a payment initiation service**: — Regulation 93 — Non-execution or defective or late execution of payment transactions initiated through a payment initiation service This regulation applies… - **["Regulation 18"]**: Regulation 18 For the purposes of paragraphs 4, 5, 6 and 12, a description of the audit arrangements of the applicant and of the organisational arrangements… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] Limits on the use of payment instruments and access to payment accounts**: — Regulation 71 — Limits on the use of payment instruments and access to payment accounts Where a specific payment instrument is used for the purpose of giving… ### ["PART 3 — Authorised Payment Institutions", "Supervision of firms exercising passport rights", "Regulation 30"] - **Authorised Payment Institutions", "Supervision of firms exercising passport rights", "Regulation 30"] Supervision of firms exercising passport rights**: — Regulation 30 — Supervision of firms exercising passport rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 3 — Authorised Payment Institutions", "Application of regulations 27 to 30 to account information service providers", "Regulation 26"] - **Authorised Payment Institutions", "Application of regulations 27 to 30 to account information service providers", "Regulation 26"] Application of regulations 27 to 30 to account information service providers**: — Regulation 26 — Application of regulations 27 to 30 to account information service providers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 2 — Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001", "Regulation 12"] - **Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001", "Regulation 12"] The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001**: — Regulation 12 — The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001 The Financial Services and Markets Act 2000 (Service of… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Record keeping", "Regulation 31"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Record keeping", "Regulation 31"] Record keeping**: — Regulation 31 — Record keeping An authorised payment institution or small payment institution must maintain relevant records and keep them for at least five… ### ["PART 9 — The Financial Conduct Authority", "Guidance", "Regulation 120"] - **The Financial Conduct Authority", "Guidance", "Regulation 120"] Guidance**: — Regulation 120 — Guidance The FCA may give guidance consisting of such information and advice as it considers appropriate with respect to— the operation of… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Application of regulations 86 to 88", "Regulation 85"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Application of regulations 86 to 88", "Regulation 85"] Application of regulations 86 to 88**: — Regulation 85 — Application of regulations 86 to 88 Regulations 86 to 88 , except paragraphs (2A) to (2D) of regulation 86, apply to any payment transaction—… ### ["PART 1 — Application and modification of the 2000 Act", "The Upper Tribunal", "Regulation 2"] - **Application and modification of the 2000 Act", "The Upper Tribunal", "Regulation 2"] The Upper Tribunal**: — Regulation 2 — The Upper Tribunal Part 9 of the 2000 Act (hearings and appeals) applies in respect of references to the Upper Tribunal made under these… ### ["PART 9 — The Financial Conduct Authority", "Application and modification of primary and secondary legislation", "Regulation 122"] - **The Financial Conduct Authority", "Application and modification of primary and secondary legislation", "Regulation 122"] Application and modification of primary and secondary legislation**: — Regulation 122 — Application and modification of primary and secondary legislation The provisions of primary and secondary legislation set out in Schedule 6… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Absence of payee's payment account with the payment service provider", "Regulation 87"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Absence of payee's payment account with the payment service provider", "Regulation 87"] Absence of payee's payment account with the payment service provider**: — Regulation 87 — Absence of payee's payment account with the payment service provider Paragraph (2) applies where a payment service provider accepts funds on… ### ["PART 11 — General", "Misleading the FCA or the Payment Systems Regulator", "Regulation 142"] - **General", "Misleading the FCA or the Payment Systems Regulator", "Regulation 142"] Misleading the FCA or the Payment Systems Regulator**: — Regulation 142 — Misleading the FCA or the Payment Systems Regulator A person may not, in purported compliance with any requirement imposed by or under these… ### ["PART 2 — Activities which do not constitute payment services", "Regulation 4"] - **Activities which do not constitute payment services", "Regulation 4"]**: Regulation 4 The activity specified by article 9M of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (issuing qualifying… ### ["PART 2 — Procedure and appeals", "Interpretation", "Regulation 3"] - **Procedure and appeals", "Interpretation", "Regulation 3"] Interpretation**: — Regulation 3 — Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] Payment transactions to a payment account**: — Regulation 86 — Payment transactions to a payment account Subject to paragraphs (2) , (2A) to (2D) and (3), the payer's payment service provider must ensure… ### ["PART 2 — Registration", "Application for registration as a small payment institution or variation of an existing registration", "Regulation 13"] - **Registration", "Application for registration as a small payment institution or variation of an existing registration", "Regulation 13"] Application for registration as a small payment institution or variation of an existing registration**: — Regulation 13 — Application for registration as a small payment institution or variation of an existing registration An application for registration as a… ### ["PART 6 — Information Requirements for Payment Services", "Application of this Part in the case of consumer credit agreements", "Regulation 41"] - **Information Requirements for Payment Services", "Application of this Part in the case of consumer credit agreements", "Regulation 41"] Application of this Part in the case of consumer credit agreements**: — Regulation 41 — Application of this Part in the case of consumer credit agreements This regulation applies where a payment service is provided in relation to… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payee", "Regulation 92"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payee", "Regulation 92"] Non-execution or defective or late execution of payment transactions initiated by the payee**: — Regulation 92 — Non-execution or defective or late execution of payment transactions initiated by the payee This regulation applies where a payment order is… ### ["PART 3 — Authorised Payment Institutions", "Decision following notice of intention", "Regulation 28"] - **Authorised Payment Institutions", "Decision following notice of intention", "Regulation 28"] Decision following notice of intention**: — Regulation 28 — Decision following notice of intention . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - **Exercise of market access rights by Gibraltar-based firms**: — Regulation 1 — Exercise of market access rights by Gibraltar-based firms These Regulations apply in relation to a firm which— has its head office in… ### ["PART 1 — Amendments to primary legislation", "Financial Services (Banking Reform) Act 2013", "Regulation 4"] - **Amendments to primary legislation", "Financial Services (Banking Reform) Act 2013", "Regulation 4"] Financial Services (Banking Reform) Act 2013**: — Regulation 4 — Financial Services (Banking Reform) Act 2013 In section 108 of the Financial Services (Banking Reform) Act 2013 (relationship with Part 8 of… - **["Regulation 7"]**: Regulation 7 The following information about redress— any contractual clause on— the law applicable to the framework contract; the competent courts; the… ### ["PART 6 — Information Requirements for Payment Services", "Information required after receipt of the payment order", "Regulation 45"] - **Information Requirements for Payment Services", "Information required after receipt of the payment order", "Regulation 45"] Information required after receipt of the payment order**: — Regulation 45 — Information required after receipt of the payment order The payer's payment service provider must, immediately after receipt of the payment… ### ["PART 6 — Information Requirements for Payment Services", "Prior general information for framework contracts", "Regulation 48"] - **Information Requirements for Payment Services", "Prior general information for framework contracts", "Regulation 48"] Prior general information for framework contracts**: — Regulation 48 — Prior general information for framework contracts A payment service provider must provide to the payment service user the information… ### ["PART 2 — Own funds", "Regulation 11"] - **Own funds", "Regulation 11"]**: Regulation 11 Except where this Schedule provides for a different method of recognition, measurement or valuation, whenever a provision in this Schedule refers… ### ["PART 11 — General", "Duty to co-operate and exchange of information", "Regulation 147"] - **General", "Duty to co-operate and exchange of information", "Regulation 147"] Duty to co-operate and exchange of information**: — Regulation 147 — Duty to co-operate and exchange of information The FCA, the Commissioners and the Payment Systems Regulator may take such steps as they… ### ["PART 9 — The Financial Conduct Authority", "Proposal to take disciplinary measures", "Regulation 112"] - **The Financial Conduct Authority", "Proposal to take disciplinary measures", "Regulation 112"] Proposal to take disciplinary measures**: — Regulation 112 — Proposal to take disciplinary measures Where the FCA proposes to publish a statement under regulation 110 or to impose a penalty under… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Right of recourse", "Regulation 95"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Right of recourse", "Regulation 95"] Right of recourse**: — Regulation 95 — Right of recourse Where the liability of a payment service provider (“the first provider”) under regulation 76, 91, 92 or 93 (payment service… - **["Regulation 8"]**: Regulation 8 A description of the applicant's business continuity arrangements, including a clear identification of the critical operations, effective… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Consent and withdrawal of consent", "Regulation 67"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Consent and withdrawal of consent", "Regulation 67"] Consent and withdrawal of consent**: — Regulation 67 — Consent and withdrawal of consent A payment transaction is to be regarded as having been authorised by the payer for the purposes of this… ### ["PART 2 — Own funds", "Regulation 8"] - **Own funds", "Regulation 8"]**: Regulation 8 “Method A” means the calculation method set out in this paragraph. The own funds requirement is 10% of the authorised payment institution's fixed… - **Insolvency regulations**: — Regulation 6 — Insolvency regulations For the purposes of the modifications in this Schedule— “relevant funds” has the meaning given to it in regulation… ### ["PART 3 — Amendments to other secondary legislation", "Small and Medium Sized Business (Credit Information) Regulations 2015", "Regulation 23"] - **Amendments to other secondary legislation", "Small and Medium Sized Business (Credit Information) Regulations 2015", "Regulation 23"] Small and Medium Sized Business (Credit Information) Regulations 2015**: — Regulation 23 — Small and Medium Sized Business (Credit Information) Regulations 2015 In regulation 17 of the Small and Medium Sized Business (Credit… - **["Regulation 15"]**: Regulation 15 The identity of the auditors of the applicant, if any. ### ["PART 8 — Access to payment systems and bank accounts", "Application of regulation 103", "Regulation 102"] - **Access to payment systems and bank accounts", "Application of regulation 103", "Regulation 102"] Application of regulation 103**: — Regulation 102 — Application of regulation 103 Regulation 103 does not apply to the following kinds of payment systems— a designated system; a payment system… ### ["PART 2 — Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] - **Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] Conditions for authorisation as a payment institution**: — Regulation 6 — Conditions for authorisation as a payment institution The FCA may refuse to grant all or part of an application for authorisation as a payment… ### ["PART 10 — The Payment Systems Regulator", "Directions", "Regulation 125"] - **The Payment Systems Regulator", "Directions", "Regulation 125"] Directions**: — Regulation 125 — Directions The Payment Systems Regulator may give a direction in writing to any regulated person. A direction may be given for the purpose… - **["Regulation 4"]**: Regulation 4 The following information about communication— the means of communication agreed between the parties for the transmission of information or… - **Insolvency regulations**: — Regulation 2 — Insolvency regulations Section 233 of the Banking Act 2009 (insolvency regulations) applies as if— references to investment bank insolvency… ### ["PART 2 — Registration", "Imposition of requirements", "Regulation 7"] - **Registration", "Imposition of requirements", "Regulation 7"] Imposition of requirements**: — Regulation 7 — Imposition of requirements The FCA may include in an authorisation such requirements as it considers appropriate. A requirement may, in… ### ["PART 2 — Registration", "Conditions for registration as an account information service provider", "Regulation 18"] - **Registration", "Conditions for registration as an account information service provider", "Regulation 18"] Conditions for registration as an account information service provider**: — Regulation 18 — Conditions for registration as an account information service provider The FCA may refuse to register an applicant as an account information… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Disapplication of certain regulations in the case of low value payment instruments", "Regulation 65"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Disapplication of certain regulations in the case of low value payment instruments", "Regulation 65"] Disapplication of certain regulations in the case of low value payment instruments**: — Regulation 65 — Disapplication of certain regulations in the case of low value payment instruments This regulation applies in respect of payment instruments… ### ["PART 10 — The Payment Systems Regulator", "Complaints", "Regulation 133"] - **The Payment Systems Regulator", "Complaints", "Regulation 133"] Complaints**: — Regulation 133 — Complaints The Payment Systems Regulator must maintain arrangements designed to enable persons to submit complaints to it that a qualifying… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Consent for use of personal data", "Regulation 97"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Consent for use of personal data", "Regulation 97"] Consent for use of personal data**: — Regulation 97 — Consent for use of personal data A payment service provider must not access, process or retain any personal data for the provision of payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B)", "Regulation 94A"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B)", "Regulation 94A"] Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B)**: — Regulation 94A — Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B) A payment service provider… ### ["PART 1 — Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] - **Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] Information gathering and investigations**: — Regulation 4 — Information gathering and investigations Part 11 of the 2000 Act (information gathering and investigations) applies with the following… ### ["PART 1 — Application and modification of the 2000 Act", "Restriction on disclosure of information", "Regulation 8"] - **Application and modification of the 2000 Act", "Restriction on disclosure of information", "Regulation 8"] Restriction on disclosure of information**: — Regulation 8 — Restriction on disclosure of information Sections 348 (restrictions on disclosure of confidential information by FCA, PRA etc) , 349… ### ["PART 2 — Own funds", "Regulation 5"] - **Own funds", "Regulation 5"]**: Regulation 5 A direction made under paragraph 4 must be on the basis of an evaluation of the relevant authorised payment institution including, if available… ### ["PART 2 — Own funds", "Regulation 9"] - **Own funds", "Regulation 9"]**: Regulation 9 “Method B” means the calculation method set out in this paragraph. The own funds requirement is the sum of the following elements multiplied by… ### ["PART 2 — Procedure and appeals", "Application to withdraw or vary prohibition or restriction", "Regulation 5"] - **Procedure and appeals", "Application to withdraw or vary prohibition or restriction", "Regulation 5"] Application to withdraw or vary prohibition or restriction**: — Regulation 5 — Application to withdraw or vary prohibition or restriction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 10 — The Payment Systems Regulator", "Notice of publication of a compliance failure or of imposition of a penalty", "Regulation 128"] - **The Payment Systems Regulator", "Notice of publication of a compliance failure or of imposition of a penalty", "Regulation 128"] Notice of publication of a compliance failure or of imposition of a penalty**: — Regulation 128 — Notice of publication of a compliance failure or of imposition of a penalty Before publishing details of a compliance failure by a regulated… ### ["PART 3 — Amendments to other secondary legislation", "Financial Services (Distance Marketing) Regulations 2004", "Regulation 10"] - **Amendments to other secondary legislation", "Financial Services (Distance Marketing) Regulations 2004", "Regulation 10"] Financial Services (Distance Marketing) Regulations 2004**: — Regulation 10 — Financial Services (Distance Marketing) Regulations 2004 In the Financial Services (Distance Marketing) Regulations 2004 — in regulation… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Cash placed on a payment account", "Regulation 88"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Cash placed on a payment account", "Regulation 88"] Cash placed on a payment account**: — Regulation 88 — Cash placed on a payment account Where a payment service user places cash on its payment account with a payment service provider in the same… - **["Regulation 12"]**: Regulation 12 A description of the applicant's structural organisation, including, where applicable, a description of the intended use of agents and branches… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Management of operational and security risks", "Regulation 98"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Management of operational and security risks", "Regulation 98"] Management of operational and security risks**: — Regulation 98 — Management of operational and security risks Each payment service provider must establish a framework with appropriate mitigation measures… ### ["PART 6 — Information Requirements for Payment Services", "Avoidance of duplication of information", "Regulation 47"] - **Information Requirements for Payment Services", "Avoidance of duplication of information", "Regulation 47"] Avoidance of duplication of information**: — Regulation 47 — Avoidance of duplication of information Where a payment order for a single payment transaction is transmitted by way of a payment instrument… ### ["PART 1 — Application and modification of the 2000 Act", "Control over payment institutions", "Regulation 5"] - **Application and modification of the 2000 Act", "Control over payment institutions", "Regulation 5"] Control over payment institutions**: — Regulation 5 — Control over payment institutions Part 12 of the 2000 Act (control over authorised persons) applies with the following modifications—… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Duty to notify change in circumstance", "Regulation 37"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Duty to notify change in circumstance", "Regulation 37"] Duty to notify change in circumstance**: — Regulation 37 — Duty to notify change in circumstance Where it becomes apparent to an authorised payment institution , a small payment institution or a… ### ["PART 10 — The Payment Systems Regulator", "Publication of compliance failures and penalties", "Regulation 126"] - **The Payment Systems Regulator", "Publication of compliance failures and penalties", "Regulation 126"] Publication of compliance failures and penalties**: — Regulation 126 — Publication of compliance failures and penalties The Payment Systems Regulator may publish details of— a compliance failure by a regulated… ### ["PART 11 — General", "Restriction on penalties", "Regulation 143"] - **General", "Restriction on penalties", "Regulation 143"] Restriction on penalties**: — Regulation 143 — Restriction on penalties A person who is convicted of an offence under these Regulations is not liable to a penalty under regulation 111 or… ### ["PART 3 — Authorised Payment Institutions", "Outsourcing", "Regulation 25"] - **Authorised Payment Institutions", "Outsourcing", "Regulation 25"] Outsourcing**: — Regulation 25 — Outsourcing An authorised payment institution must notify the FCA of its intention to enter into a contract with another person under which… ### ["PART 9 — The Financial Conduct Authority", "Technical standards", "Regulation 106A"] - **The Financial Conduct Authority", "Technical standards", "Regulation 106A"] Technical standards**: — Regulation 106A — Technical standards The FCA may make technical standards specifying— requirements that must be met by the strong customer authentication… - **["Regulation 10"]**: Regulation 10 A statement of the applicant's security policy, including— a detailed risk assessment in relation to the payment services to be provided… - **["Regulation 1"]**: Regulation 1 The following information about the payment service provider— the name of the payment service provider; the address and contact details of the… ### ["PART 3 — Amendments to other secondary legislation", "Financial Services and Markets Act 2000 (Regulated Activities) Order 2001", "Regulation 8"] - **Amendments to other secondary legislation", "Financial Services and Markets Act 2000 (Regulated Activities) Order 2001", "Regulation 8"] Financial Services and Markets Act 2000 (Regulated Activities) Order 2001**: — Regulation 8 — Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 In the Financial Services and Markets Act 2000 (Regulated… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for payment initiation services", "Regulation 69"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for payment initiation services", "Regulation 69"] Access to payment accounts for payment initiation services**: — Regulation 69 — Access to payment accounts for payment initiation services This regulation applies only in relation to a payment account which is accessible… - **["Regulation 14"]**: Regulation 14 The identity of directors and persons who are or will be responsible for the management of the applicant and, where relevant, persons who are or… ### ["PART 2 — Registration", "Supplementary provisions", "Regulation 15"] - **Registration", "Supplementary provisions", "Regulation 15"] Supplementary provisions**: — Regulation 15 — Supplementary provisions Regulations 7 to 12 apply to registration as a small payment institution as they apply to authorisation as a payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Force majeure", "Regulation 96"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Force majeure", "Regulation 96"] Force majeure**: — Regulation 96 — Force majeure A person is not liable for any contravention of a requirement imposed on it by or under this Part where the contravention is… ### ["PART 1 — Initial capital", "Regulation 1"] - **Initial capital", "Regulation 1"]**: Regulation 1 For the purposes of this Part, “initial capital” comprises one or more of the items specified in Article 26(1)(a) to (e) of the capital… ### ["PART 11 — General", "Single Euro Payments Area", "Regulation 148A"] - **General", "Single Euro Payments Area", "Regulation 148A"] Single Euro Payments Area**: — Regulation 148A — Single Euro Payments Area If the SEPA Regulation is revoked under regulation 15 of the Credit Transfers and Direct Debits in Euro… ### ["PART 3 — Authorised Payment Institutions", "Notice of intention from an EEA authorised payment institution", "Regulation 29"] - **Authorised Payment Institutions", "Notice of intention from an EEA authorised payment institution", "Regulation 29"] Notice of intention from an EEA authorised payment institution**: — Regulation 29 — Notice of intention from an EEA authorised payment institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Revocation of a payment order", "Regulation 83"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Revocation of a payment order", "Regulation 83"] Revocation of a payment order**: — Regulation 83 — Revocation of a payment order Subject to paragraphs (2) to (5), a payment service user may not revoke a payment order after it has been… ### ["PART 3 — Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] - **Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] Consumer Rights (Payment Surcharges) Regulations 2012**: — Regulation 12 — Consumer Rights (Payment Surcharges) Regulations 2012 The Consumer Rights (Payment Surcharges) Regulations 2012 are amended as follows. In… - **["Regulation 3"]**: Regulation 3 The following information about charges, interest and exchange rates— details of all charges payable by the payment service user to the payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Liability of payment service provider for charges and interest", "Regulation 94"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Liability of payment service provider for charges and interest", "Regulation 94"] Liability of payment service provider for charges and interest**: — Regulation 94 — Liability of payment service provider for charges and interest A payment service provider is liable to its payment service user for— any… ### ["PART 1 — Application and modification of the 2000 Act", "Incoming firms: interventions by the FCA", "Regulation 6"] - **Application and modification of the 2000 Act", "Incoming firms: interventions by the FCA", "Regulation 6"] Incoming firms: interventions by the FCA**: — Regulation 6 — Incoming firms: interventions by the FCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 8 — Access to payment systems and bank accounts", "Prohibition on restrictive rules on access to payment systems", "Regulation 103"] - **Access to payment systems and bank accounts", "Prohibition on restrictive rules on access to payment systems", "Regulation 103"] Prohibition on restrictive rules on access to payment systems**: — Regulation 103 — Prohibition on restrictive rules on access to payment systems Rules or conditions governing access to, or participation in, a payment system… ### ["PART 6 — Information Requirements for Payment Services", "Information required after the initiation of a payment order", "Regulation 44"] - **Information Requirements for Payment Services", "Information required after the initiation of a payment order", "Regulation 44"] Information required after the initiation of a payment order**: — Regulation 44 — Information required after the initiation of a payment order Where a payment order is initiated through a payment initiation service… - **["Regulation 2"]**: Regulation 2 A business plan including a forecast budget calculation for the first three financial years which demonstrates that the applicant is able to… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Confirmation of availability of funds for card-based payment transactions", "Regulation 68"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Confirmation of availability of funds for card-based payment transactions", "Regulation 68"] Confirmation of availability of funds for card-based payment transactions**: — Regulation 68 — Confirmation of availability of funds for card-based payment transactions This regulation does not apply to payment transactions initiated… ### ["PART 3 — Amendments to other secondary legislation", "Small and Medium Sized Business (Finance Platforms) Regulations 2015", "Regulation 24"] - **Amendments to other secondary legislation", "Small and Medium Sized Business (Finance Platforms) Regulations 2015", "Regulation 24"] Small and Medium Sized Business (Finance Platforms) Regulations 2015**: — Regulation 24 — Small and Medium Sized Business (Finance Platforms) Regulations 2015 In regulation 14 of the Small and Medium Sized Business (Finance… ### ["PART 1 — Application and modification of the 2000 Act", "Limitation on power to require documents", "Regulation 11"] - **Application and modification of the 2000 Act", "Limitation on power to require documents", "Regulation 11"] Limitation on power to require documents**: — Regulation 11 — Limitation on power to require documents Section 413 of the 2000 Act (protected items) applies for the purposes of these Regulations as it… - **Insolvency regulations**: — Regulation 5 — Insolvency regulations Section 236 of the Banking Act 2009 (review) applies as if the reference to investment bank insolvency regulations were… ### ["PART 2 — Own funds", "Regulation 7"] - **Own funds", "Regulation 7"]**: Regulation 7 If an authorised payment institution has not completed a full financial year's business, references to a figure for the preceding financial year… ### ["PART 6 — Information Requirements for Payment Services", "Application of Part 6", "Regulation 40"] - **Information Requirements for Payment Services", "Application of Part 6", "Regulation 40"] Application of Part 6**: — Regulation 40 — Application of Part 6 This Part applies to payment services where— the services are provided from an establishment maintained by a payment… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Additional activities", "Regulation 32"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Additional activities", "Regulation 32"] Additional activities**: — Regulation 32 — Additional activities Authorised payment institutions and small payment institutions may, in addition to providing payment services, engage… ### ["PART 2 — Registration", "The register of certain payment service providers", "Regulation 4"] - **Registration", "The register of certain payment service providers", "Regulation 4"] The register of certain payment service providers**: — Regulation 4 — The register of certain payment service providers The FCA must maintain a register of— authorised payment institutions ...; small payment… ### ["PART 1 — Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] - **Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] FCA rules**: — Regulation 3 — FCA rules Section 137A of the 2000 Act (the FCA's general rules) applies as if— references to authorised persons were references to authorised… - **["Regulation 5"]**: Regulation 5 A description of the applicant's governance arrangements and internal control mechanisms, including administrative risk management and accounting… ### ["PART 3 — Amendments to other secondary legislation", "Individual Savings Account Regulations 1998", "Regulation 7"] - **Amendments to other secondary legislation", "Individual Savings Account Regulations 1998", "Regulation 7"] Individual Savings Account Regulations 1998**: — Regulation 7 — Individual Savings Account Regulations 1998 In regulation 2(1)(b) of the Individual Savings Account Regulations 1998 (interpretation) , in the… ### ["PART 9 — The Financial Conduct Authority", "Application of this Part to requirements of assimilated direct legislation and FCA rules", "Regulation 107"] - **The Financial Conduct Authority", "Application of this Part to requirements of assimilated direct legislation and FCA rules", "Regulation 107"] Application of this Part to requirements of assimilated direct legislation and FCA rules**: — Regulation 107 — Application of this Part to requirements of assimilated direct legislation and FCA rules For the purposes of this Part, including the… ### ["PART 10 — The Payment Systems Regulator", "Appeals: general", "Regulation 130"] - **The Payment Systems Regulator", "Appeals: general", "Regulation 130"] Appeals: general**: — Regulation 130 — Appeals: general A person who is affected by a decision to give a direction under regulation 125 (directions) other than a general direction… ### ["PART 6 — Information Requirements for Payment Services", "Termination of framework contract entered into on or after 28th April 2026", "Regulation 51B"] - **Information Requirements for Payment Services", "Termination of framework contract entered into on or after 28th April 2026", "Regulation 51B"] Termination of framework contract entered into on or after 28th April 2026**: — Regulation 51B — Termination of framework contract entered into on or after 28th April 2026 Before terminating a framework contract concluded for an… ### ["PART 1 — Amendments to primary legislation", "Enterprise Act 2002", "Regulation 3"] - **Amendments to primary legislation", "Enterprise Act 2002", "Regulation 3"] Enterprise Act 2002**: — Regulation 3 — Enterprise Act 2002 In the Enterprise Act 2002 — in Schedule 13 (listed Directives and Regulations), after paragraph 15 insert— In Article 62… ### ["PART 9 — The Financial Conduct Authority", "Injunctions", "Regulation 113"] - **The Financial Conduct Authority", "Injunctions", "Regulation 113"] Injunctions**: — Regulation 113 — Injunctions If, on the application of the FCA, the court is satisfied— that there is a reasonable likelihood that any person will contravene… ### ["PART 2 — Activities which do not constitute payment services", "Regulation 2"] - **Activities which do not constitute payment services", "Regulation 2"]**: Regulation 2 The following do not constitute payment services— payment transactions executed wholly in cash and directly between the payer and the payee… ### ["PART 2 — Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] - **Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] Variation of authorisation on FCA's own initiative**: — Regulation 12 — Variation of authorisation on FCA's own initiative The FCA may vary a person's authorisation in any of the ways mentioned in regulation 8 if… ### ["PART 2 — Procedure and appeals", "Notice of prohibition or restriction", "Regulation 4"] - **Procedure and appeals", "Notice of prohibition or restriction", "Regulation 4"] Notice of prohibition or restriction**: — Regulation 4 — Notice of prohibition or restriction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 2 — Registration", "Supplementary provisions", "Regulation 19"] - **Registration", "Supplementary provisions", "Regulation 19"] Supplementary provisions**: — Regulation 19 — Supplementary provisions Regulations 7 to 12 apply to registration as an account information service provider as they apply to authorisation… ### ["PART 6 — Information Requirements for Payment Services", "Exceptions to regulation 51B(1) in relation to money laundering and immigration requirements etc.", "Regulation 51C"] - **Information Requirements for Payment Services", "Exceptions to regulation 51B(1) in relation to money laundering and immigration requirements etc.", "Regulation 51C"] Exceptions to regulation 51B(1) in relation to money laundering and immigration requirements etc.**: — Regulation 51C — Exceptions to regulation 51B(1) in relation to money laundering and immigration requirements etc. Regulation 51B(1) (requirement to provide… ### ["PART 6 — Information Requirements for Payment Services", "Communication of information", "Regulation 55"] - **Information Requirements for Payment Services", "Communication of information", "Regulation 55"] Communication of information**: — Regulation 55 — Communication of information Subject to regulation 42(2)(c) (disapplication of certain regulations in the case of low-value payment… ### ["PART 3 — Amendments to other secondary legislation", "Postal Services Act 2011 (Disclosure of Information) Order 2012", "Regulation 13"] - **Amendments to other secondary legislation", "Postal Services Act 2011 (Disclosure of Information) Order 2012", "Regulation 13"] Postal Services Act 2011 (Disclosure of Information) Order 2012**: — Regulation 13 — Postal Services Act 2011 (Disclosure of Information) Order 2012 In article 4 of the Postal Services Act 2011 (Disclosure of Information)… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Refusal of payment orders", "Regulation 82"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Refusal of payment orders", "Regulation 82"] Refusal of payment orders**: — Regulation 82 — Refusal of payment orders Subject to paragraph (4), where a payment service provider refuses to execute a payment order or to initiate a… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Application of Part 7", "Regulation 63"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Application of Part 7", "Regulation 63"] Application of Part 7**: — Regulation 63 — Application of Part 7 This Part applies to payment services where— the services are provided from an establishment maintained by a payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Requests for refunds for payment transactions initiated by or through a payee", "Regulation 80"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Requests for refunds for payment transactions initiated by or through a payee", "Regulation 80"] Requests for refunds for payment transactions initiated by or through a payee**: — Regulation 80 — Requests for refunds for payment transactions initiated by or through a payee The payer must request a refund under regulation 79 from its… ### ["PART 3 — Amendments to other secondary legislation", "Child Trust Funds Regulations 2004", "Regulation 9"] - **Amendments to other secondary legislation", "Child Trust Funds Regulations 2004", "Regulation 9"] Child Trust Funds Regulations 2004**: — Regulation 9 — Child Trust Funds Regulations 2004 In regulation 2(1)(c) of the Child Trust Funds Regulations 2004 (interpretation) , in the definition of… ### ["PART 8 — Access to payment systems and bank accounts", "Indirect access to designated systems", "Regulation 104"] - **Access to payment systems and bank accounts", "Indirect access to designated systems", "Regulation 104"] Indirect access to designated systems**: — Regulation 104 — Indirect access to designated systems This regulation applies where a participant in a designated system allows an authorised or registered… ### ["PART 6 — Information Requirements for Payment Services", "Burden of proof on payment service provider", "Regulation 59"] - **Information Requirements for Payment Services", "Burden of proof on payment service provider", "Regulation 59"] Burden of proof on payment service provider**: — Regulation 59 — Burden of proof on payment service provider Where a payment service provider is alleged to have failed to provide information in accordance… - **["Regulation 11"]**: Regulation 11 For an applicant subject to the obligations in relation to money laundering and terrorist financing under the Money Laundering, Terrorist… ### ["PART 9 — The Financial Conduct Authority", "Proposal to require restitution", "Regulation 115"] - **The Financial Conduct Authority", "Proposal to require restitution", "Regulation 115"] Proposal to require restitution**: — Regulation 115 — Proposal to require restitution If the FCA proposes to exercise the power under regulation 114(2), it must give the person concerned a… ### ["PART 2 — Registration", "Application for authorisation as a payment institution or variation of an existing authorisation", "Regulation 5"] - **Registration", "Application for authorisation as a payment institution or variation of an existing authorisation", "Regulation 5"] Application for authorisation as a payment institution or variation of an existing authorisation**: — Regulation 5 — Application for authorisation as a payment institution or variation of an existing authorisation An application for authorisation as a payment… ### ["PART 10 — The Payment Systems Regulator", "Guidance", "Regulation 134"] - **The Payment Systems Regulator", "Guidance", "Regulation 134"] Guidance**: — Regulation 134 — Guidance The Payment Systems Regulator may give guidance consisting of such information and advice as it considers appropriate in relation… ### ["PART 2 — Registration", "Variation etc. at request of authorised payment institution", "Regulation 8"] - **Registration", "Variation etc. at request of authorised payment institution", "Regulation 8"] Variation etc. at request of authorised payment institution**: — Regulation 8 — Variation etc. at request of authorised payment institution The FCA may, on the application of an authorised payment institution, vary that… ### ["PART 3 — Amendments to other secondary legislation", "Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975", "Regulation 6"] - **Amendments to other secondary legislation", "Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975", "Regulation 6"] Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975**: — Regulation 6 — Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 In the Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 — in article… ### ["PART 1 — Payment services", "Regulation 1"] - **Payment services", "Regulation 1"]**: Regulation 1 Subject to Part 2, the following, when carried out as a regular occupation or business activity, are payment services— services enabling cash to… ### ["PART 1 — Prohibitions and restrictions", "Power to restrict the entry into credit agreements and to withdraw or vary a restriction", "Regulation 2"] - **Prohibitions and restrictions", "Power to restrict the entry into credit agreements and to withdraw or vary a restriction", "Regulation 2"] Power to restrict the entry into credit agreements and to withdraw or vary a restriction**: — Regulation 2 — Power to restrict the entry into credit agreements and to withdraw or vary a restriction… ### ["PART 1 — Initial capital", "Regulation 2"] - **Initial capital", "Regulation 2"]**: Regulation 2 The amount of initial capital referred to in regulations 6(3) (conditions for authorisation) and 22(1)(a) (capital requirements) is the amount… ### ["PART 1 — Application and modification of the 2000 Act", "Warning notices and decision notices", "Regulation 10"] - **Application and modification of the 2000 Act", "Warning notices and decision notices", "Regulation 10"] Warning notices and decision notices**: — Regulation 10 — Warning notices and decision notices Part 26 of the 2000 Act (notices) applies with the following modifications— section 388 (decision… ### ["PART 3 — Amendments to other secondary legislation", "Investment Bank Special Administration Regulations 2011", "Regulation 11"] - **Amendments to other secondary legislation", "Investment Bank Special Administration Regulations 2011", "Regulation 11"] Investment Bank Special Administration Regulations 2011**: — Regulation 11 — Investment Bank Special Administration Regulations 2011 In Schedule 6 to the Investment Bank Special Administration Regulations 2011… ### ["PART 3 — Amendments to other secondary legislation", "Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017", "Regulation 26"] - **Amendments to other secondary legislation", "Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017", "Regulation 26"] Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017**: — Regulation 26 — Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 In the Money Laundering, Terrorist… ### ["PART 3 — Authorised Payment Institutions", "Insolvency Regulations", "Regulation 23A"] - **Authorised Payment Institutions", "Insolvency Regulations", "Regulation 23A"] Insolvency Regulations**: — Regulation 23A — Insolvency Regulations Sections 93(4) and 233 to 236 of the Banking Act 2009 apply to authorised payment institutions and small payment… ### ["PART 2 — Registration", "Application for authorisation or registration if requirements cease to be met", "Regulation 16"] - **Registration", "Application for authorisation or registration if requirements cease to be met", "Regulation 16"] Application for authorisation or registration if requirements cease to be met**: — Regulation 16 — Application for authorisation or registration if requirements cease to be met If a small payment institution no longer meets a condition in… ### ["PART 6 — Information Requirements for Payment Services", "Information on ATM withdrawal charges", "Regulation 61"] - **Information Requirements for Payment Services", "Information on ATM withdrawal charges", "Regulation 61"] Information on ATM withdrawal charges**: — Regulation 61 — Information on ATM withdrawal charges A provider of cash withdrawal services falling within paragraph 2(o) of Schedule 1 must ensure that a… ### ["PART 11 — General", "Review", "Regulation 158"] - **General", "Review", "Regulation 158"] Review**: — Regulation 158 — Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] Limits on the use of payment instruments and access to payment accounts**: — Regulation 71 — Limits on the use of payment instruments and access to payment accounts (3) would compromise reasonable security measures or is otherwise… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (118) of the capital requirements regulation, and “Common Equity Tier 1… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Disapplication of certain regulations in the case of low value payment instruments", "Regulation 65"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Disapplication of certain regulations in the case of low value payment instruments", "Regulation 65"] Disapplication of certain regulations in the case of low value payment instruments**: — Regulation 65 — Disapplication of certain regulations in the case of low value payment instruments (1) (refusal of payment orders), the payment service… ### ["PART 11 — General", "Actions for breach of requirements", "Regulation 148"] - **General", "Actions for breach of requirements", "Regulation 148"] Actions for breach of requirements**: — Regulation 148 — Actions for breach of requirements (4) (non-execution or defective or late execution of payment transactions initiated through a payment… ### ["PART 6 — Information Requirements for Payment Services", "Information for the payer on individual payment transactions", "Regulation 53"] - **Information Requirements for Payment Services", "Information for the payer on individual payment transactions", "Regulation 53"] Information for the payer on individual payment transactions**: — Regulation 53 — Information for the payer on individual payment transactions (3); or more than one month has passed since information was last provided, but… ### ["PART 2 — Registration", "Cancellation of authorisation", "Regulation 10"] - **Registration", "Cancellation of authorisation", "Regulation 10"] Cancellation of authorisation**: — Regulation 10 — Cancellation of authorisation (1) (capital requirements) to maintain own funds, or does not inform the FCA of a major change in circumstances… ### ["PART 6 — Information Requirements for Payment Services", "Application of Part 6", "Regulation 40"] - **Information Requirements for Payment Services", "Application of Part 6", "Regulation 40"] Application of Part 6**: — Regulation 40 — Application of Part 6 (2)(b) and 52(a) and paragraphs 2(e) and 5(g) of Schedule 4 (maximum execution time and conditions for refund of direct… ### ["PART 1 — Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] - **Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] Information gathering and investigations**: — Regulation 4 — Information gathering and investigations (1)— after paragraph (b) there were inserted— a person may have contravened any requirement of or… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Dispute resolution", "Regulation 101"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Dispute resolution", "Regulation 101"] Dispute resolution**: — Regulation 101 — Dispute resolution (6) must not be later than 35 business days after the day on which the payment service provider received the complaint… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Refunds for payment transactions initiated by or through a payee", "Regulation 79"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Refunds for payment transactions initiated by or through a payee", "Regulation 79"] Refunds for payment transactions initiated by or through a payee**: — Regulation 79 — Refunds for payment transactions initiated by or through a payee (2)(d) or paragraph 3(b) of Schedule 4 was applied. The payer and payment… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Charges", "Regulation 66"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Charges", "Regulation 66"] Charges**: — Regulation 66 — Charges (2)(b) (incorrect unique identifiers); where agreed between the parties; and where such charges reasonably correspond to the payment… ### ["PART 1 — Introductory provisions", "Citation, commencement and extent", "Regulation 1"] - **Introductory provisions", "Citation, commencement and extent", "Regulation 1"] Citation, commencement and extent**: — Regulation 1 — Citation, commencement and extent (5) (application for registration); regulation 15 (small payment institutions: supplementary provision) in… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Confirmation of availability of funds for card-based payment transactions", "Regulation 68"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Confirmation of availability of funds for card-based payment transactions", "Regulation 68"] Confirmation of availability of funds for card-based payment transactions**: — Regulation 68 — Confirmation of availability of funds for card-based payment transactions (2) from the requesting payment service provider in relation to the… ### ["PART 9 — The Financial Conduct Authority", "Power of FCA to require restitution", "Regulation 114"] - **The Financial Conduct Authority", "Power of FCA to require restitution", "Regulation 114"] Power of FCA to require restitution**: — Regulation 114 — Power of FCA to require restitution (1)(a) are attributable; or who has suffered the loss or adverse effect mentioned in paragraph (1)(b). ### ["PART 1 — Application and modification of the 2000 Act", "Control over payment institutions", "Regulation 5"] - **Application and modification of the 2000 Act", "Control over payment institutions", "Regulation 5"] Control over payment institutions**: — Regulation 5 — Control over payment institutions (3)(b) there were substituted— voting power that has been exercised as a result of the acquisition is void… ### ["PART 3 — Authorised Payment Institutions", "Accounting and statutory audit", "Regulation 24"] - **Authorised Payment Institutions", "Accounting and statutory audit", "Regulation 24"] Accounting and statutory audit**: — Regulation 24 — Accounting and statutory audit (1) (capital requirements) to maintain own funds; the auditor reasonably believes that the institution is not… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Removal of agent from register", "Regulation 35"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Removal of agent from register", "Regulation 35"] Removal of agent from register**: — Regulation 35 — Removal of agent from register (7)(b) or (c) (use of agents) applies; the removal is desirable in order to protect the interests of… ### ["PART 6 — Information Requirements for Payment Services", "Information required prior to the conclusion of a single payment service contract", "Regulation 43"] - **Information Requirements for Payment Services", "Information required prior to the conclusion of a single payment service contract", "Regulation 43"] Information required prior to the conclusion of a single payment service contract**: — Regulation 43 — Information required prior to the conclusion of a single payment service contract (1) is— the information or unique identifier that has to be… ### ["PART 9 — The Financial Conduct Authority", "Restitution orders", "Regulation 116"] - **The Financial Conduct Authority", "Restitution orders", "Regulation 116"] Restitution orders**: — Regulation 116 — Restitution orders (1)(a) are attributable; or who has suffered the loss or adverse effect mentioned in paragraph (1)(b). On an application… ### ["PART 11 — General", "Duty to co-operate and exchange of information", "Regulation 147"] - **General", "Duty to co-operate and exchange of information", "Regulation 147"] Duty to co-operate and exchange of information**: — Regulation 147 — Duty to co-operate and exchange of information (2) but a person to whom that Part applies must have regard to the considerations mentioned… ### ["PART 6 — Information Requirements for Payment Services", "Disapplication of certain regulations in the case of low-value payment instruments", "Regulation 42"] - **Information Requirements for Payment Services", "Disapplication of certain regulations in the case of low-value payment instruments", "Regulation 42"] Disapplication of certain regulations in the case of low-value payment instruments**: — Regulation 42 — Disapplication of certain regulations in the case of low-value payment instruments the total amount of the payment transactions and any… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payee", "Regulation 92"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payee", "Regulation 92"] Non-execution or defective or late execution of payment transactions initiated by the payee**: — Regulation 92 — Non-execution or defective or late execution of payment transactions initiated by the payee (2) in respect of a non-executed or defectively… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payer or payee's liability for unauthorised payment transactions", "Regulation 77"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payer or payee's liability for unauthorised payment transactions", "Regulation 77"] Payer or payee's liability for unauthorised payment transactions**: — Regulation 77 — Payer or payee's liability for unauthorised payment transactions (1)(c) (obligations of the payment service provider in relation to payment… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] Use of agents**: — Regulation 34 — Use of agents . . . . . . . . . . . . . The FCA may refuse to include the agent on the register only if— it has not received the information… ### ["PART 9 — The Financial Conduct Authority", "Functions of the FCA", "Regulation 106"] - **The Financial Conduct Authority", "Functions of the FCA", "Regulation 106"] Functions of the FCA**: — Regulation 106 — Functions of the FCA or under these Regulations; the desirability in appropriate cases of the FCA publishing information in relation to… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] Payment transactions to a payment account**: — Regulation 86 — Payment transactions to a payment account (1) to the end of the business day following the time of receipt of the payment order is to be… ### ["PART 11 — General", "Liability of officers of bodies corporate etc", "Regulation 144"] - **General", "Liability of officers of bodies corporate etc", "Regulation 144"] Liability of officers of bodies corporate etc**: — Regulation 144 — Liability of officers of bodies corporate etc (1) applies in relation to the acts and defaults of a member in connection with such member's… ### ["PART 3 — Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] - **Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] Consumer Rights (Payment Surcharges) Regulations 2012**: — Regulation 12 — Consumer Rights (Payment Surcharges) Regulations 2012 (6) of that Regulation if, in that definition, the reference to any card-based payment… ### ["PART 2 — Registration", "The register of certain payment service providers", "Regulation 4"] - **Registration", "The register of certain payment service providers", "Regulation 4"] The register of certain payment service providers**: — Regulation 4 — The register of certain payment service providers (1)(d); update the register without delay; and provide a certified copy of the register, or… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Incorrect unique identifiers", "Regulation 90"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Incorrect unique identifiers", "Regulation 90"] Incorrect unique identifiers**: — Regulation 90 — Incorrect unique identifiers (2)(a) (information required prior to the conclusion of a single payment service contract) or paragraph 2(b) of… ### ["PART 6 — Information Requirements for Payment Services", "Changes in contractual information", "Regulation 50"] - **Information Requirements for Payment Services", "Changes in contractual information", "Regulation 50"] Changes in contractual information**: — Regulation 50 — Changes in contractual information (2) applies, the payment service provider must inform the payment service user that the payment service… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Duty to notify change in circumstance", "Regulation 37"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Duty to notify change in circumstance", "Regulation 37"] Duty to notify change in circumstance**: — Regulation 37 — Duty to notify change in circumstance (7)(b) and (c) (use of agents), it must provide the FCA with details of the change without undue delay… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for payment initiation services", "Regulation 69"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Access to payment accounts for payment initiation services", "Regulation 69"] Access to payment accounts for payment initiation services**: — Regulation 69 — Access to payment accounts for payment initiation services payment order, identify itself to the account servicing payment service provider… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment service provider's liability for unauthorised payment transactions", "Regulation 76"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment service provider's liability for unauthorised payment transactions", "Regulation 76"] Payment service provider's liability for unauthorised payment transactions**: — Regulation 76 — Payment service provider's liability for unauthorised payment transactions (2)) the payment initiation service provider must, on the request… ### ["PART 2 — Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] - **Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] Variation of authorisation on FCA's own initiative**: — Regulation 12 — Variation of authorisation on FCA's own initiative (6) states that that is the case; on such date as may be specified in the notice; or if no… ### ["PART 10 — The Payment Systems Regulator", "Information and investigation", "Regulation 135"] - **The Payment Systems Regulator", "Information and investigation", "Regulation 135"] Information and investigation**: — Regulation 135 — Information and investigation (6) were omitted; and in section 93 (offences relating to disclosure of confidential information), in… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (13). An authorised payment institution must keep relevant funds segregated from any other funds that it holds… ### ["PART 11 — General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] - **General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] Prohibition on provision of payment services by persons other than payment service providers**: — Regulation 138 — Prohibition on provision of payment services by persons other than payment service providers (4); the Post Office Limited; the Bank of… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payer", "Regulation 91"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Non-execution or defective or late execution of payment transactions initiated by the payer", "Regulation 91"] Non-execution or defective or late execution of payment transactions initiated by the payer**: — Regulation 91 — Non-execution or defective or late execution of payment transactions initiated by the payer (5)(b) must be no later than the date on which… - **Exercise of market access rights by Gibraltar-based firms**: — Regulation 1 — Exercise of market access rights by Gibraltar-based firms (7); in Schedule 6 (application and modification of legislation), paragraphs 3 and… ### ["PART 1 — Application and modification of the 2000 Act", "Warning notices and decision notices", "Regulation 10"] - **Application and modification of the 2000 Act", "Warning notices and decision notices", "Regulation 10"] Warning notices and decision notices**: — Regulation 10 — Warning notices and decision notices (9) or (10)(b) (including as applied by regulation 15 or 19) of, or paragraph 4 of Schedule 5 to, the… ### ["PART 1 — Amendments to primary legislation", "Financial Services and Markets Act 2000", "Regulation 2"] - **Amendments to primary legislation", "Financial Services and Markets Act 2000", "Regulation 2"] Financial Services and Markets Act 2000**: — Regulation 2 — Financial Services and Markets Act 2000 (8)(b)— for “11” substitute “ 12 ”; for “2009” substitute “ 2017 ”. In Schedule 1A (further provision… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1)(a) (the register of certain payment service providers); or a person included by the FCA in the register pursuant to… ### ["PART 1 — Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] - **Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] Insolvency**: — Regulation 9 — Insolvency (1)(c) were substituted with— “(c) is providing or has provided payment services in contravention of regulation 138 (1) of the… ### ["PART 11 — General", "Transitional and saving provisions: authorised payment institutions", "Regulation 150"] - **General", "Transitional and saving provisions: authorised payment institutions", "Regulation 150"] Transitional and saving provisions: authorised payment institutions**: — Regulation 150 — Transitional and saving provisions: authorised payment institutions (1) has its head office and its registered office (if any) in the United… ### ["PART 2 — Registration", "Determination of application for authorisation or variation of authorisation", "Regulation 9"] - **Registration", "Determination of application for authorisation or variation of authorisation", "Regulation 9"] Determination of application for authorisation or variation of authorisation**: — Regulation 9 — Determination of application for authorisation or variation of authorisation or to impose a requirement the applicant may refer the matter to… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Application of Part 7", "Regulation 63"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Application of Part 7", "Regulation 63"] Application of Part 7**: — Regulation 63 — Application of Part 7 (2) (responsibility for charges), 79 (refunds for direct debits), 80 (requests for direct debit refunds), 84 (amounts… ### ["PART 1 — Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] - **Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] FCA rules**: — Regulation 3 — FCA rules (1) in relation to clients’ money; treat two or more relevant assets as being part of a single asset pool, and make provision for… ### ["PART 2 — Registration", "Conditions for registration as a small payment institution", "Regulation 14"] - **Registration", "Conditions for registration as a small payment institution", "Regulation 14"] Conditions for registration as a small payment institution**: — Regulation 14 — Conditions for registration as a small payment institution 20. The monthly average over the period of 12 months preceding the application of… ### ["PART 2 — Activities which do not constitute payment services", "Regulation 2"] - **Activities which do not constitute payment services", "Regulation 2"]**: Regulation 2 technical service providers, which support the provision of payment services, without the provider entering at any time into possession of the… ### ["PART 10 — The Payment Systems Regulator", "Application of other provisions of the 2013 Act", "Regulation 136"] - **The Payment Systems Regulator", "Application of other provisions of the 2013 Act", "Regulation 136"] Application of other provisions of the 2013 Act**: — Regulation 136 — Application of other provisions of the 2013 Act (4), the reference to general guidance included a reference to general guidance under… ### ["PART 9 — The Financial Conduct Authority", "Injunctions", "Regulation 113"] - **The Financial Conduct Authority", "Injunctions", "Regulation 113"] Injunctions**: — Regulation 113 — Injunctions information services provider contravened a requirement imposed on it by or under section 312R of the 2000 Act; or been… ### ["PART 2 — Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] - **Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001**: — Regulation 13 — The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (6)(e) is to be read as if for “an… ### ["PART 2 — Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] - **Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] Conditions for authorisation as a payment institution**: — Regulation 6 — Conditions for authorisation as a payment institution (9) is not met. The application must comply with the requirements of, and any… ### ["PART 6 — Information Requirements for Payment Services", "Information for the payee on individual payment transactions", "Regulation 54"] - **Information Requirements for Payment Services", "Information for the payee on individual payment transactions", "Regulation 54"] Information for the payee on individual payment transactions**: — Regulation 54 — Information for the payee on individual payment transactions (1) or in accordance with a condition of the type referred to in paragraph (3). ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Limits on the use of payment instruments and access to payment accounts", "Regulation 71"] Limits on the use of payment instruments and access to payment accounts**: — Regulation 71 — Limits on the use of payment instruments and access to payment accounts (8)(a) and (b) do not apply if notifying the payment service user—… ### ["PART 3 — Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] - **Amendments to other secondary legislation", "Consumer Rights (Payment Surcharges) Regulations 2012", "Regulation 12"] Consumer Rights (Payment Surcharges) Regulations 2012**: — Regulation 12 — Consumer Rights (Payment Surcharges) Regulations 2012 (2) (orders to secure compliance) and 9(a) (notification of undertakings and orders to… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 services for a subscriber to the network or service, and where the… ### ["PART 7 — Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] - **Rights and Obligations in Relation to the Provision of Payment Services", "Payment transactions to a payment account", "Regulation 86"] Payment transactions to a payment account**: — Regulation 86 — Payment transactions to a payment account available in an agreed manner and as soon as possible, and in any event by no later than the end of… ### ["PART 1 — Introductory provisions", "Citation, commencement and extent", "Regulation 1"] - **Introductory provisions", "Citation, commencement and extent", "Regulation 1"] Citation, commencement and extent**: — Regulation 1 — Citation, commencement and extent (2) (exemption for municipal banks); for the purposes of enabling the giving of notifications and the making… ### ["PART 1 — Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] - **Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] FCA rules**: — Regulation 3 — FCA rules (3), there were inserted— “Relevant assets” means assets held by a relevant institution to satisfy its obligations to safeguard… ### ["PART 1 — Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] - **Application and modification of the 2000 Act", "Information gathering and investigations", "Regulation 4"] Information gathering and investigations**: — Regulation 4 — Information gathering and investigations (4) (additional power of persons appointed as a result of section 168 (1) or (4)) is to be read as if… ### ["PART 2 — Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] - **Application and modification of secondary legislation", "The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001", "Regulation 13"] The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001**: — Regulation 13 — The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (1) does not permit disclosure to the… ### ["PART 11 — General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] - **General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] Prohibition on provision of payment services by persons other than payment service providers**: — Regulation 138 — Prohibition on provision of payment services by persons other than payment service providers (1)(a) of FSMA (other than a person authorised… ### ["PART 2 — Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] - **Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] Conditions for authorisation as a payment institution**: — Regulation 6 — Conditions for authorisation as a payment institution to provide payment services; it has a business plan (including, for the first three… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (8), where an authorised payment institution is a participant in a designated system and the institution holds an… ### ["PART 2 — Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] - **Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] Variation of authorisation on FCA's own initiative**: — Regulation 12 — Variation of authorisation on FCA's own initiative (1), reasonably considers that it is necessary for the variation to take effect… ### ["PART 2 — Activities which do not constitute payment services", "Regulation 2"] - **Activities which do not constitute payment services", "Regulation 2"]**: Regulation 2 device and charged to the related bill for the purchase of tickets or for donations to organisations which are registered or recognised as… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1) of the Charities Act (Northern Ireland) 2008 (meaning of “charity”) ; “co-badged”, in relation to a payment instrument… ### ["PART 1 — Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] - **Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] Insolvency**: — Regulation 9 — Insolvency (4), the reference to an agreement, in both places it occurs, were to a contract for payment services; (c) in subsections (2) and… ### ["PART 4 — Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] - **Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions", "Use of agents", "Regulation 34"] Use of agents**: — Regulation 34 — Use of agents (9) within a period of two months beginning on the date on which the FCA received the completed application. If the FCA decides… ### ["PART 2 — Registration", "Conditions for registration as a small payment institution", "Regulation 14"] - **Registration", "Conditions for registration as a small payment institution", "Regulation 14"] Conditions for registration as a small payment institution**: — Regulation 14 — Conditions for registration as a small payment institution crimes. Where the applicant is a partnership, an unincorporated association or a… ### ["PART 2 — Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] - **Registration", "Conditions for authorisation as a payment institution", "Regulation 6"] Conditions for authorisation as a payment institution**: — Regulation 6 — Conditions for authorisation as a payment institution not likely to prevent the FCA's effective supervision of the applicant; and if it… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (6)(a); any relevant assets placed in an account in accordance with paragraph (6)(b); any funds held in an account… ### ["PART 1 — Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] - **Application and modification of the 2000 Act", "Insolvency", "Regulation 9"] Insolvency**: — Regulation 9 — Insolvency (1)(b) the reference to a regulated activity carried on were to payment services being provided; (c) subsection (1A) were omitted… ### ["PART 1 — Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] - **Application and modification of the 2000 Act", "FCA rules", "Regulation 3"] FCA rules**: — Regulation 3 — FCA rules (1) , (1A) or (1B) as they do in relation to other rules made by the FCA under sections 137A, 137B and 137P of the 2000 Act, subject… ### ["PART 2 — Registration", "Conditions for registration as a small payment institution", "Regulation 14"] - **Registration", "Conditions for registration as a small payment institution", "Regulation 14"] Conditions for registration as a small payment institution**: — Regulation 14 — Conditions for registration as a small payment institution (9). The applicant's head office, registered office or place of residence, as the… ### ["PART 2 — Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] - **Registration", "Variation of authorisation on FCA's own initiative", "Regulation 12"] Variation of authorisation on FCA's own initiative**: — Regulation 12 — Variation of authorisation on FCA's own initiative (9) must inform the person of their right to refer the matter to the Upper Tribunal and… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (1); and in such form or verified in such manner as the Authority may… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (interpretation) ; “digital content” means… ### ["PART 1 — Introductory provisions", "Citation, commencement and extent", "Regulation 1"] - **Introductory provisions", "Citation, commencement and extent", "Regulation 1"] Citation, commencement and extent**: — Regulation 1 — Citation, commencement and extent (3), and enabling the FCA to take action in response to such information or notification; regulation 156 in… ### ["PART 11 — General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] - **General", "Prohibition on provision of payment services by persons other than payment service providers", "Regulation 138"] Prohibition on provision of payment services by persons other than payment service providers**: — Regulation 138 — Prohibition on provision of payment services by persons other than payment service providers (1) of the Electronic Money Regulations 2011… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (15), where there is an insolvency event (except payment institution special administration)— the claims of payment… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (1) after sub-paragraph (b) insert— persons who have notified the… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation does not include information society services, as defined in Article 1 of Directive (EU) 2015/1535 of the European Parliament… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (6)(b); and any proceeds of an insurance policy or guarantee held in an account in accordance with paragraph… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (7) of Directive 2013/34/EU of the European Parliament and of the Council of 26th June 2013 on the annual financial statements… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (6), after sub-paragraph (d) insert— in the case of an applicant which… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (interpretation); “insolvency… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (3) of the Annex to Recommendation 2003/361/EC of 6th May 2003 concerning the definition of micro, small and medium-sized… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (1) (cancellation of authorisation)— in sub-paragraph (e) after “own… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (interpretation) ; ... “payee” means a… ### ["PART 3 — Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] - **Authorised Payment Institutions", "Safeguarding requirements", "Regulation 23"] Safeguarding requirements**: — Regulation 23 — Safeguarding requirements (1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (interpretation); “security… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (8)(e) for “2009” substitute “ 2017 ”. In regulation 15 (supplementary… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation and of the Council of 25th November 2015 on payment services in the internal market, amending Directives 2002/65/EC… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (5)— omit “and” after sub-paragraph (b); after sub-paragraph (c) insert—… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation a payment service user for the purposes of authentication; “qualifying holding” has the meaning given in Article 4 (1) (36) of… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (3) insert— An authorised electronic money institution must notify the… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1) (transitional provisions); “strong customer authentication” means authentication based on the use of two or more elements… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (4) substitute— If any of the information provided by an authorised… ### ["PART 1 — Introductory provisions", "Interpretation", "Regulation 2"] - **Introductory provisions", "Interpretation", "Regulation 2"] Interpretation**: — Regulation 2 — Interpretation (1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (interpretation) ; “unique identifier” means… ### ["PART 2 — Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] - **Amendments to the Electronic Money Regulations 2011", "Electronic Money Regulations 2011", "Regulation 5"] Electronic Money Regulations 2011**: — Electronic Money Regulations 2011 — Regulation 5 — Electronic Money Regulations 2011 (2)(a)(ii) and, in the case of services to be provided through an EEA… --- Consilena is a software provider, not a law firm. AI output is not legal advice: consult a licensed lawyer in the relevant jurisdiction. Page: https://consilena.com/coverage/laws/ksrc_akqk7hajf23sqrsh. Index of every page: https://consilena.com/llms.txt.