Regulation 5 Amendments to the Data-gathering Powers (Relevant Data) Regulations 2012

After regulation 11 insert –

“Merchant acquirers etc

11A.

(1)

The relevant data for a data-holder of the type described in paragraph 13A of Schedule 23 are—

(a)

in relation to a retailer, information relating to payment card transactions recorded against a merchant account, including the currency these payment card transactions were made in;

(b)

the reference number of the account into which payments are made by the relevant data-holder to the retailer and, where necessary for identifying the account, the branch where the account is held;

(c)

any unique identifier which has been allocated to a retailer, for the purposes of identifying the retailer, as part of the business arrangement between the relevant data-holder and the retailer;

(d)

any identifier which has been allocated to a retailer, for the purposes of classifying the trade of the retailer, as part of the business arrangement between the relevant data-holder and the retailer;

(e)

any unique identifier which has been allocated to a retailer’s merchant account, for the purposes of identifying this merchant account, as part of the business arrangement between the relevant data-holder and the retailer;

(f)

the name, address, telephone number, e-mail address, website address and VAT number (“relevant details”) of a retailer and, if different, the relevant details associated with a merchant account.

(2)

In this regulation—

• “merchant account” means an account held by a retailer with the relevant data-holder, by reference to which the amount due to be paid by the relevant data-holder to the retailer in settlement of payment card transactions is calculated; and

• “VAT number” means “registration number” for the purposes of paragraph (1) of regulation 2 of the Value Added Tax Regulations 1995^f1.”.