{
  "url": "https://openlegislation.uk/electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-2/paragraph-2",
  "json_url": "https://openlegislation.uk/electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-2/paragraph-2.json",
  "legislation": "uksi/2018/1201",
  "legislation_title": "The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018",
  "path": "schedule/2/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Regulation 2 (interpretation) is amended as follows.\n(2) In paragraph (1)—\n(a) omit the definition of “the capital requirements directive”;\n(b) in the definition of “credit institution”—\n(i) for “within the EEA” substitute “ in the United Kingdom ”;\n(ii) for the words from “outside the EEA” to the end substitute “ outside the United Kingdom ”;\n(c) omit the definitions of—\n“the EEA”;\n“EEA agent”;\n“EEA authorised electronic money institution”;\n“EEA branch”;\n(d) omit the definition of “the electronic money directive”;\n(e) in the definition of “electronic money issuer”—\n(i) omit paragraph (c);\n(ii) for paragraph (f) substitute—\n“(f) the Bank of England, when not acting in its capacity as a monetary authority or other public authority;”;\n(f) omit the definitions of—\n“European Banking Authority”;\n“home state competent authority”;\n“host state competent authority”;\n(g) omit the definition of “the money laundering directive”;\n(h) omit the definition of “passport right”;\n(i) omit the definition of “the payment services directive”;\n(j) in the definition of “payment transaction”, for “Article 4(5) of the payment services directive” substitute “ regulation 2(1) of the Payment Services Regulations 2017 ”.\n(3) Omit paragraph (3).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2017/752."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/2",
    "retrieved_at": "2026-10-28T22:52:03.951962+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}