# The Credit Transfers and Direct Debits in Euro (Amendment) (EU Exit) Regulations 2018, 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”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111172988/regulation/7 (the official version)
Page: https://openlegislation.uk/draft-credit-transfers-and-direct-debits-in-euro-amendment-eu-exit-regulations-2018/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.