Regulation 7 Reachability

(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”.