Paragraph 62 I1

omit sub-paragraph (a);

for sub-paragraphs (b) to (d) substitute—

“(b)

the Bank of England; and

(c)

any other public authority exercising functions in the United Kingdom in relation to payment service providers,”;

in the words following sub-paragraph (d), for “under the payment services directive and other relevant EU or national legislation” substitute “ under these Regulations and other relevant legislation ”.

in sub-paragraph (a), for “(1)(a), (c) and (d)” substitute “ (1)(c) ”;

for sub-paragraph (b) substitute—

“(b)

the Bank of England when acting in its capacity as a monetary and oversight authority;”;

in the words following sub-paragraph (c), for “the payment services directive and other relevant EU or national legislation” substitute “ these Regulations and other relevant legislation ”.