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Paragraph 7

United Kingdom

A description of the applicant's structural organisation, including, where applicable, a description of the intended use of agents and branches and F1the off-site and on-site checks that the applicant undertakes to perform on them at least annually, a description of outsourcing arrangements, and of its participation in a national and international payment system.

Annotations

Textual amendments

F1

Words in Sch. 1 para. 7 inserted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(29)(b) (with reg. 3)