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Paragraph 55

Original text. Later amendments are not shown.

In regulation 123 (interpretation of Part 10)—

(a)

in the definition of “compliance failure”, in paragraph (a), for “directive” substitute “qualifying”;

(b)

omit the definition of “directive requirement”;

(c)

after the definition of “general guidance” insert—

  • ““qualifying requirement” means an obligation, prohibition or restriction imposed by regulation 61 (information on ATM withdrawal charges) or Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts);”;

(d)

in the definition of “regulated person”, for “directive” substitute “qualifying”.