Regulation 5 Subject matter and scope of RegulationI1

In Article 1 (subject matter and scope), in paragraph 1, for the words from “within the Union” to the end substitute—

“within the qualifying area, where—

(a)

the payer's payment service provider and the payee's payment service provider are both located in the United Kingdom,

(b)

either of those payment service providers is located in the United Kingdom and the other is located in another qualifying State, or

(c)

the sole payment service provider (PSP) involved in the payment transaction is located in the United Kingdom.”