# The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, Paragraph 35

Extent: E+W+S+N.I.

(1) Regulation 40 (application of Part 6) is amended as follows.
(2) In paragraph (1)(b)—
(a) in paragraph (i)—
(i) for “the EEA” substitute “ the United Kingdom ”;
(ii) for “the currency of an EEA State” substitute “ sterling ”;
(b) after paragraph (i) insert—
“(ia) the payment service providers of both the payer and the payee are located within the qualifying area and the service relates to a transaction in euro executed under a payment scheme which operates across the qualifying area;”,
(c) in paragraph (ii)—
(i) for “the EEA” substitute “ the United Kingdom ”;
(ii) for “the currency of an EEA State” substitute “ sterling or euro ”;
(d) in paragraph (iii), for “EEA” substitute “ United Kingdom and the case does not fall within paragraph (ia) ”.
(3) After paragraph (1) insert—
“(1A) In paragraph (1)(b)(ia)—
(a) “payment service provider” includes any person who is a PSP as defined in Article 2(8B) of the SEPA regulation;
(b) “the qualifying area” means the area of the United Kingdom and the EEA States.”
(4) In paragraphs (2)(a) and (3)(a), for “EEA” substitute “ United Kingdom ”.
(5) In paragraph (4), omit “or EEA registered account information service providers”.

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Source: https://www.legislation.gov.uk/uksi/2018/1201/schedule/2/paragraph/35 (the official version)
Page: https://openlegislation.uk/electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-2/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.