Regulation 11B Electronic stored-value payment service providersF1

(1)

The relevant data for a data-holder of the type described in paragraph 13B 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.

Annotations

Textual amendments

F1: Regs. 11B, 11C inserted (1.11.2016) by The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2016 (S.I. 2016/979), regs. 1, 5