Paragraph 37 Payment Card Interchange Fee Regulations 2015

(1)

The Payment Card Interchange Fee Regulations 2015^f1 are amended as follows.

(2)

In regulation 14 (information and investigation)^f2, for the quoted entry following paragraph (2)(b) substitute—

““The Competition and Markets Authority; local weights and measures authorities in Great Britain; and the Department for the Economy in Northern Ireland

(a)

Their functions under Part 3 of the Digital Markets, Competition and Consumers Act 2024 (enforcement of consumer protection law) in so far as they relate to Article 10(4) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions.

(b)

Co-operation with the Payment Systems Regulator under regulation 20 of the Payment Card Interchange Fee Regulations 2015 (co-operation between the Payment Systems Regulator and enforcers).”.”.

(3)

For regulation 20^f3 (co-operation between the Payment Systems Regulator and general enforcers) substitute—

“Co-operation between the Payment Systems Regulator and enforcers

20

The Payment Systems Regulator and, in the context of their functions under Part 3 of the Digital Markets, Competition and Consumers Act 2024 (enforcement of consumer protection law), the Competition and Markets Authority, local weights and measures authorities in Great Britain and the Department for the Economy in Northern Ireland, must take such steps as they consider appropriate to co-operate with each other for the purposes of the exercise of their functions in relation to Article 10(4) of the interchange fee regulation.”.

Annotations

Footnotes

f1: S.I. 2015/1911.
f2: Regulation 14 amended by S.I. 2022/500, S.I. 2023/149 and S.I. 2023/790.
f3: Regulation 20 amended by S.I. 2014/892.