Paragraph 21 I1

United Kingdom

(1)

Schedule 3 (application and modification of legislation) is amended as follows.

(2)

In paragraph 2A (Authority rules), in sub-paragraph (1)—

(a)

in paragraph (a), for “, small electronic money institutions and EEA authorised electronic money institutions” substitute “ and small electronic money institutions ”;

(b)

omit paragraph (c).

(3)

In paragraph 3 (information gathering and investigations)—

(a)

in paragraphs (a)(i), (b)(i), (ba), (c)(i)(bb) and (cc) and (ii)(aa), (bb) and (cc), in each of the modifications of sections 165, 166, 166A and 167 of the Financial Services and Markets Act 2000 M1 referring to the definition of “electronic money issuer” in regulation 2(1) of the Electronic Money Regulations 2011, omit “(c),”;

(b)

in paragraph (d), in the modification of section 168(1) of the Financial Services and Markets Act 2000, omit paragraphs (ac) and (ad);

(c)

in paragraph (k), in the modification of section 176(3)(a) of the Financial Services and Markets Act 2000, omit “(c),”.

(4)

Omit paragraph 4A (incoming firms: intervention by the Authority).

Annotations

Marginal citations

M1: 2000 c. 8.

Commencement

I1: Sch. 2 para. 21 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)