Regulation 7 ReachabilityI1

(1)

Article 3 (reachability) is amended as follows.

(2)

In paragraph 1—

(a)

for “PSP”, in the first place it occurs, substitute “ UK-regulated PSP ”;

(b)

for “national” substitute “ UK ”;

(c)

for “Union-wide payment scheme,” substitute “ payment scheme extending to the qualifying area, ”;

(d)

for “Member” substitute “ qualifying ”.

(3)

In paragraph 2—

(a)

for “PSP”, in the first place it occurs, substitute “ UK-regulated PSP ”;

(b)

for “national” substitute “ UK ”;

(c)

for “Union-wide payment scheme” substitute “ payment scheme extending to the qualifying area ”;

(d)

for “Member” substitute “ qualifying ”.

Annotations

I1: Reg. 7 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1), see reg. 1(2)