Regulation 5 Amendment of the Data-gathering Powers (Relevant Data) Regulations 2012

After regulation 11A insert—

“Electronic stored-value payment service providers

11B.

(1)

The relevant data for a data-holder of the type described in paragraph 13B^f1 of Schedule 23 are—

(a)

in relation to a payment recipient, information relating to transactions, including the currency the transactions were made in;

(b)

identifying information relating to a payment recipient; and

(c)

identifying information relating to an account or system into which payments are credited to, or on behalf of, a payment recipient by the data-holder.

(2)

In this regulation—

• “electronic stored-value payment services” has the meaning given by paragraph 13B of Schedule 23;

• “payment recipient” means the recipient of a payment from a transaction for which the data-holder provided electronic stored-value payment services.

Business intermediaries

11C.

(1)

The relevant data for a data-holder of the type described in paragraph 13C^f2 of Schedule 23 are—

(a)

in relation to suppliers—

(i)

information relating to transactions that the data-holder enabled or facilitated; and

(ii)

information that the Commissioners consider is likely to assist them to quantify or otherwise determine the quantity or value of transactions of suppliers, whether or not the data-holder processed the payment for those transactions;

(b)

identifying information relating to suppliers for whom the data-holder enables or facilitates transactions; and

(c)

identifying information relating to an account or system into which payments are credited to, or on behalf of, suppliers by the data-holder.

(2)

In this regulation “suppliers” has the meaning given by paragraph 13C of Schedule 23.”