Regulation 11A Merchant acquirers etcF1

(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;

(F2b)

identifying information relating to a retailer to whom the data-holder has a contractual obligation to make payments, including any identifying information about the retailer’s merchant account; and

(c)

identifying information relating to an account or system into which payments are made by the data-holder to the retailer.

(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
F3...
F4“payment card transaction” and “retailer” have the meanings given by paragraph 13A of Schedule 23

Annotations

Textual amendments

F1: Reg. 11A inserted (1.9.2013) by The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2013 (S.I. 2013/1811), regs. 1, 5
F2: Reg. 11A(1)(b)(c) substituted for reg. 11A(1)(b)-(f) (1.11.2016) by The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2016 (S.I. 2016/979), regs. 1, 4(a)
F3: Words in reg. 11A(2) omitted (1.11.2016) by virtue of The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2016 (S.I. 2016/979), regs. 1, 4(b)(i)
F4: Words in reg. 11A(2) inserted (1.11.2016) by The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2016 (S.I. 2016/979), regs. 1, 4(b)(ii)