Regulation 16 Amendment of Schedule 7
(1)
In Schedule 7 (application and modification of legislation), Part 1 (application and modification of the Act) is amended as follows.
(2)
In paragraph 2 (information gathering and investigations)—
(a)
in sub-paragraph (8)(c), after “services” insert “as defined in regulation 2(1) of the Payment Services Regulations 2017f1, as amended from time to time”;
(b)
in sub-paragraph (10)(a)—
(i)
omit “in a member State other than the United Kingdom”;
(ii)
at the end insert “, as it has effect in EU law”.
(3)
In paragraph 4 (warning notices and decision notices), in sub-paragraph (6)(b)—
(a)
omit “(7A),”;
(b)
after “(8A)” insert “, (8AA)f2”.
Annotations
Footnotes
- f1
- f2
-
Subsection (8AA) was inserted into section 391 of the Financial Services and Markets Act 2000 (c. 16) by S.I. 2018/xxx.