Paragraph 55 I1

in the definition of “compliance failure”, in paragraph (a), for “directive” substitute “ qualifying ”;

omit the definition of “directive requirement”;

after the definition of “general guidance” insert—

““qualifying requirement” means an obligation, prohibition or restriction imposed by regulation 61 (information on ATM withdrawal charges) or Part 8 (access to payment systems and bank accounts), with the exception of the obligation imposed on the FCA by regulation 105(5) (access to bank accounts);”;

in the definition of “regulated person”, for “directive” substitute “ qualifying ”.