Regulation 2 Amendments of the Payment Card Interchange Fee Regulations 2015

(1)

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

(2)

In regulation 3 (designation as a competent authority and functions)—

(a)

omit paragraph (1);

(b)

in paragraph (2)(a) and (b), omit “in the United Kingdom”;

(c)

for the heading substitute “Functions”.

(3)

Omit regulation 16 (designation as competent authority).

(4)

Omit regulation 21 (co-operation with competent authorities in other Member States).

(5)

Omit regulation 22 (exemption from maximum interchange fees for certain three party payment card schemes).

(6)

In regulation 23 (weighted average interchange fees for domestic debit card transactions), for “domestic”, in each place where it occurs, including the heading, substitute “UK”.

(7)

In regulation 24 (review), omit paragraph (2).

Annotations

Footnotes

f1: S.I. 2015/1911; amended by S.I. 2018/1115.